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Very Successful Long Established Ipswich Fitness Centre For Sale

Booval, Queensland
Asking Price:
$179,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$250K - $500K (AUD)
Cash Flow:
$50K - $100K (AUD)

TEMPLE FITNESS BOOVAL

OVERVIEW
For sale is a excellent, high quality 24/7 fitness centre. The business presents extremely well with modern new fit out and offering a range of new unencumbered equipment from Technogym and Matrix Fitness. Established in 2015 with excellent operating systems and running under management. The business has had one previous owner.

ABOUT THE BUSINESS
This is an independent gym trading for four years and has become very well know in the Ipswich market. There are currently approximately 570 members with over 95% on direct debit. Offering 30 plus Group Fitness classes per week including high value Reformer Pilates classes. The equipment and fit out are unencumbered. There is NO debt! Members have full access to the gym 24/7 and 365 days a year. Staffed hours are 9am - 1pm Monday through Friday and 3pm - 8pm Monday through Friday and 8am - 12 noon Saturday. The gym is unstaffed Sunday’s and public holidays.

BUSINESS STATS FN 2019
Turnover $438,000
Cash Flow $95,000

LOCATION
Situated in Booval Fair Shopping Centre on Brisbane Road and offering plenty of off street parking and easy access. There is opportunity to significantly increase advertising and to expand gym services.

OPERATIONS
Excellent management systems in place including systems for sales, lead generation, marketing, member retention, staff management, personal training, group fitness coordination and allied health services.

LEASE
Five years left on the current lease. The lease rent represents very good value in the shopping centre and the market. There is potential to expand the business.

Currently two allied health professionals pay rent to the gym including two Personal Trainers and one remedial massage therapist. A treatment/consulting room within the gym is also leased to a physiotherapist.

OPPORTUNITY
There is room in the gym for two more personal trainers or exercise physiotherapists. There is capacity to add additional group fitness classes. An owner operator could manage the gym and save on wages. There is capacity to increase the membership. Adding a more consistent and aggressive marketing system would quickly grow the membership.
Full training and transition support available to the new owner. The business has significant untapped growth potential and is ideal for a husband and wife team or savvy PT/Exercise Physiotherapist who wants a guaranteed source for new clients.

This is an independent 24/7 fitness centre. There are NO franchise fees.

Price: $179,000 WIWO

Property Information

Real Estate:

Lease

Location:

Brisbane Rd, Booval Shopping Fair

Premises Details:

800 Square Meters upstairs at Booval Shopping Fair

Planning Consent:

Fully Council approved fitness site.

Business Operation

Reasons for selling:

The owner lives interstate and has other business interest.

Trading hours:

9am - 1pm Monday through Friday and
3pm - 8pm Monday through Friday and
8am - 12 noon Saturday

Years established:
Four and a half years as current trading name. Eight years under previous trading name.

Other Information

Support & training:

Two weeks training plus two weeks support.

Furniture / Fixtures value:
$450,000 (AUD) - included in the asking price

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