Cheltenham North, Victoria 3192
$95,000
Key Features
AI generated. Contact seller to confirm.
- Prime corner location with outstanding exposure
- Large 500sqm facility with capacity to expand
- High quality gym equipment included
- Passive rental income of $7,000 per annum
- Minimal owner involvement, currently only 16 hours
- Immediate opportunity to scale and extend hours
- Turnover: $242,000
- Net Profit: $58,000
- Rent/Lease: $7,416 per month; lease until 20230
- Stock Value: Not disclosed
- Established: Well-established
Business Details
Business Category Gym
An amazing opportunity to acquire a thriving gym and fitness business with outstanding growth potential in Melbourne's southeast.
This well-established operation has built a loyal membership base through its accessible, no lock-in contract model, generating strong revenue through multiple income streams including active members, casual visits and three subleased rooms currently occupied by health and fitness professionals.
There is an immediate opportunity to scale operations through targeted marketing, expanded class offerings along with expanding operations hours or the conversion to a 24/7 model!
* Annual revenue at $242,000; net profit $58,000 (24/25 FY)
* Prime corner location with outstanding exposure
* Large 500sqm facility with capacity to expand
* High quality gym equipment
* Secure lease until 20230 with rent of $7,416 per month
* Passive rental income of $7,000 per annum with room to significantly increase
* Large upstairs room available to sublease out for further revenue opportunities
* Minimal owner involvement, currently only 16 hours
* 3 sub-contractor trainers
Contact Raquel today for more information about this outstanding opportunity.
Listing ID: ME03400
Broker: Raquel Calabrese
Phone: XXXXXXXXXX
Email: XXXXXXXXXX
Ref: ME03400
Timestamp: XXXXXXXXXX 3002
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