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Established Franchised Boutique Fitness Centre In Durban North For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R875,000 Furniture / Fixtures included
Sales Revenue:
R2,045,000
Cash Flow:
Undisclosed

A rare opportunity to walk into an existing franchise with an established client base and grow the membership base, whilst paying less than a new franchise. The franchisee is focusing on other opportunities, after building this business.

This fast-growing fitness centre franchise was developed in South Africa and grown internationally, with franchises in South Africa, USA and various other countries worldwide. This business model sees members enjoying a 20-minute focused session, that caters for a fast pace of life. This franchise opportunity also offers various value-added services to members. Franchisees see a balance of lifestyle and business, that maximises earnings.

The franchisor prides itself on offering its franchisees high levels of accessible support from its team of in-house support specialists who are on hand to make sure you are getting the most out of your franchise. A proud member of FASA, this franchise has been nominated and won various awards over last few years.

Property Information

Real Estate:

Lease

Lease Terms:

+/- R53 400 p/m

Leasehold Rent:

R641,300 per annum

Premises Details:

145 square metres

Size in square feet:
145 square metres

Business Operation

Expansion Potential:

Professional studio design with increased client capacity.

Reasons for selling:

Owner is pursuing other business oppoertunities.

Employees:
3
Years established:
In business for over 8 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Monthly Franchise System Royalty Fee: Fixed R7 000 (excl. VAT)
Monthly Nutritional doctor Fee: Fixed R2 250 (excl. VAT)
National Marketing Fund Contribution: Monthly fee of 2% of gross turnover, minimum R2000 per month
Franchisee Local Marketing Spend: Monthly fee of 3% of gross turnover, minimum R3 000 per month

Other Information

Support & training:

The franchisor offers high levels of support from its team of in-house support specialists.

Furniture / Fixtures value:
R850,000 - included in the asking price
Inventory / Stock value:
R1
Business closed / Asset sale:
Yes