If you are a Business Person who is passionate about Health and Fitness, this is definitely the opportunity for you! This brilliant swimming school has been operating in the Eastern suburbs of Johannesburg for the past 35 years, with the present owners having been in charge for the last 15 years, When they bought the business with the property, the swim school had 140 children/pupils, however the business has grown tremendously and now they currently teach over 420 children. It is the leading swim school in the area, drawing from 22 different Nursery Schools, Creches and Aftercare Centres in the nearby areas. Their 14 seater bus collects and returns the children at creche level in the mornings. Not limited to children only, they have also helped many of the Airline Crews with their 'ditching procedure' for airline crews who cannot swim. The Adult market has plenty of room for growth, as there is an increased demand from adults as well as for Water Aerobics. They have 2 pools, both heated and fully enclosed, including their own Generator & Solar Panels with their own Borehole. Since Covid, the business has made a full recovery. Most importantly the business is being sold with the property, and the property is 1513sqm and includes a 5 bedroom house with 2x Lounges, Kitchen and 3x Garages. THIS IS WHERE THE OPPORTUNITY LIES!!. There is a huge opportunity to grow the business by renting out the rooms and other open areas in the house to people like a Physio Therapist; a Chiropractor; Adult Yoga Classes; Ladies Fitness Classes for the moms; a Biokineticist; a Coffee Shop for the Adults waiting for children, and/or including any other related specialists such as Psychologists and Occupational Therapists. The options are infinite!! The whole property can be turned into a full-on privately owned Healthcare & Sports Centre! They have Consensual Business Rights to operate the Swim School already, so to add the rest of the aforementioned should be easy. The swim school has a separate entrance and so the buyer can add all of the above, and if she/he also wishes to live on the premises, this may also still be possible, depending how the interior is redesigned. This is an amazing opportunity for an investor or swimming teacher or any person who is in one of the previously mentioned professions to build a sports and healing centre in a building that already has a business running at a profit, while, at the same time, your tenants are paying for your Bond and which will, no doubt turn into a profitable business as well. AN AMAZING OPPORTUNITY!!.
With the business being sold at R1.3m and the Property being sold at R2.9m, it is possible to get the whole package for just on R4.2m. An excellent concept which has been done many times, very successfully, in many other suburbs in Johannesburg.
Needless to say, when all is said and done, should a buyer wish to purchase the property and the business as is, and continue living in the house as the current owners have done for all the years, it is not a problem.
An opportunity that doesn't come round often. Don't let it pass you by!!!!
- Asking Price:
- R4,200,000 Furniture / Fixtures included
- Sales Revenue:
- Available on request
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Real Property Included
- Living Accommodation:
-
Depending on how the interior is changed, there could still be space for a single person or young couple to live there as well.
- Location:
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Well located in the Eastern suburbs of Johannesburg, surrounded by many Nursery Schools and Aftercare Centre and other schools. Has been the leading Swim School in the area for over 15 years.
- Premises Details:
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A large property spanning 1513sqm, with a 5x Bedroomed house with 4 Bath rooms and 2 lounges plus Kitchen. 2x Fully enclosed and heated pools. Please note that the Assets included in the Sale to the value of approximately R770, 000-00, are those pertaining to the business only, and include the 14 Seater Bus, Generator with Solar Panels and of course the Borehole. The new owner will be required to take over the balance of the Lease left for the School's Bus. .
All the furniture and all the house fixtures and fittings are NOT included in the sale of the property, as is usual during a normal residential sale..
- Size in square feet:
- 1513 square metres.
- Planning Consent:
-
They have had Consensual Business Rights to operate the Swim School for many years now already.
Business Operation
- Expansion Potential:
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The expansion from a business point of view is to increase the swim school further, including Water Aerobics for Adults, and turn the whole building into a Health and Fitness Centre by Renting out space to all kinds of related practitioners such as Physio Therapists, Chiropractors, Adult Yoga Classes, Ladies Fitness Classes for the moms, Biokineticists, open a Coffee Shop for the Adults waiting for children, and/or including any other related specialists such as Psychologists and Occupational Therapists.
- Reasons for selling:
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The owners wish to retire and move provinces, and are no longer living on the property anyway.
- Trading hours:
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Mainly Mondays to Thursdays after school and Saturday mornings.
- Employees:
- They employ 4x by Part Time fully Certificated Swimming Teachers who are also qualified in the correct First Aid Training.
- Years established:
- The business has been established for 35 years, with the present owners having had it for just on 15 years.
Other Information
- Support & training:
-
The present owner will help for a period to be negotiated to make for a smooth transition from the old owner to the new one.
- Furniture / Fixtures value:
- R740,000 - included in the asking price
- Inventory / Stock value:
- R2,000
- Home based:
- This business can be run from home.
