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Body 20 Fitness Studio Established Flagship Business Benoni For Sale

Benoni, Gauteng, South Africa
Asking Price:
R2,195,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1,386,000
Cash Flow:
R312,000

This BODY 20 Flagship studio is up FOR SALE in the exclusive area of Lakefield, Benoni and is a local favorite.
Known in the community for Health and Fitness and well established in a popular shopping center.
This business is supported by the Body 20 Franchise group and has an exclusive 7 km radius demographic area in which to trade.

It is fully equipped and a well resourced going concern.
The work force is stable and popular with their clients.
Senior staff members are well trained and able to run the day to day affairs with limited input from the owner.
All trainers are trained and fully certified.
The registered company is fully compliant in all respects with the Franchisor, the local Municipality and Sars. Letters of good are standing available. The business has no debt and all equipment and resources are fully paid for.

This fitness studio has fantastic growth potential just fully utilizing the current capacity.
Greater success is always assured with regular personal oversight, motivation and your own database of clients, friends and family.
In a nutshell - all the ground work has been done over the past four years, the business is stable and poised for new growth.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease is in place but expires in May 2023.
Tenant has 1st option to renew the lease agreement.
Rental including Vat is R 8935.00 per month but excludes consumption charges etc.

Leasehold Rent:

R108,000 per annum

Location:

Lakefield, Benoni located in Gauteng, South Africa.

Premises Details:

Leased premises located in a popular shopping center.
93 m2 premises.
It has a reception area, consultation room, change rooms, lockers, toilet, shower, kitchen and prepping space, and the studio is fully furnished with all required built facilities, equipment, consumables, furniture, and resources to operate as a certified EMS studio.

Business Operation

Expansion Potential:

The business already has a regular customer base to springboard from.
Bring your own database of customers and increase the profitability immediately.

Growth to maximum of current capacity is 426 training slots. A realistic manageable figure is between 180 and 220 training slots.

The new owners may decide to offer further services or sell related products to clients at the studio which will also boost income

Competition / Market:

We are not aware of any competition in the local area.
Franchisees are protected by a 7 km radius exclusive trading area agreement - as recorded in the franchisor trading agreement.

Reasons for selling:

Owner retiring

Trading hours:

Weekdays 05:30 to 19:00 (last client/s at 18:30)
Saturdays 07:00 to 13:00 (last client/s at 12:30)
Trainers work in alternating morning / afternoon shifts, and every second Saturday.
Sundays closed.

Employees:
4
Years established:
4 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

150'000.00
12% Monthly Turnover fee

Other Information

Support & training:

Franchisor support available.
Yearly license fees (to be finalised soon) and a monthly Turnover fee are applicable - payable to the franchisor.
Monthly - royalty fee of R6000 + VAT
Monthly turnover fee - 11% to 15% fee on memberships (higher turnover reduces commission fee), but no fee on sale of vouchers or lycra suits.
The Seller will assist the buyer with all information pertinent to the business and the successful daily running of the operations and, may be available at an agreed rate for an agreed period for further assistance if required.

Furniture / Fixtures value:
R1,300,000 - included in the asking price
Inventory / Stock value:
R30,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Seller

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