Business Sold Mudgeeraba, Queensland 4213
Business Category Gyms Health Spa
$104,000 in net profit, owner works 1hr per week, 400+ members, established 10 years, fully automated systems.
SOLD
Description
Arundel Gym - 24/7
$104,000 in net profit, owner works 1hr per week, 400+ members, established 10 years, fully automated systems.
24/7 Gym in Arundel Up for Sale!
Independent 24/7 Gym in Arundel
Established for over 10 years.
400+ members
$104,162 net income to owner (and growing)
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Has the idea of owning your very own gym crossed your mind in the past?
There are five reasons to consider buying a gym.
1. Financial Stability and Growth Opportunity
2. Independence and Autonomy
3. Passion and Interest
4. Work-Life Balance
5. Local Community Contribution
This gym provides all five success factors and is set up perfectly for an owner/operator.
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• Do you have a passion for the fitness industry?
• Are you a PT or have a Cert IV in Fitness?
• Would you like stable recurring revenue from ongoing membership fees?
• Would you like to have time flexibility to come and go as needed?
This 200m2 facility has been designed to maximise revenue while keeping overheads low. It has high quality cardio machines, assorted pin-loaded and free weights plus room for group training. The best part is that with over 400+ regular members what you’re really buying is an existing customer base that provides a stable income to the owner of over $100,000 per year.
Member numbers have been steadily increasing at this facility for three years running and with the average number of people across the nation using fitness facilities also increasing the odds are in favour of continued growth. (Source: Aust Bureau Statistics)
• Shop Size: 200m2.
• Easy parking.
• 2 bathroom/showers + storage room.
• Cardio, pin loaded & free weights.
This gym is an independent brand that the locals know and trust and comes with full operation manuals for what works at this location, and being independent you can choose to run it your way without being blocked by a big corporate group or hamstrung franchise fees.
The essence of business is simple; find a customer and be excellent at giving them what they want. If you have experience helping people get fit, then you already have what it takes to succeed in this business. All the boring business bits like accounting, compliance and insurance have been compiled into easy-to-follow step by step instructions by the current operator.
• New members can join online.
• Easy onboarding steps for new owner.
• Simple easy to use operating systems.
There is great personal fulfillment in helping people and its only heightened by being part of the local community.
The awesome part of a 24/7 gym business is that you can come and go at your own leisure. When the training is done, and the members are happy, you do not need to be there.
There’s always plenty to do, but having the flexibility to get the work done when you want to do it, provides the chance for life balance that only owning your own gym can give you.
KEY NUMBERS
400+ regular members
$104,162 net income to owner (and growing)
Valuation Method: 2 years net income
Asking Price: $149,000
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QUESTIONS TO ASK:
How long has the gym been operating?
Why is it being sold?
Long shop leases provide security, how long is left on the lease?
NEXT STEPS
1. Call and discuss what you’re looking for in a business.
2. Tour the gym.
3. Book a full presentation of systems, equipment, manuals & financials.
4. Make an offer, pay deposit & sign contracts.
Would running your own fitness business excite you?
If so, call Jim now to ask questions and book a time to see the facility.
Jim
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