This established fitness studio has recently won the "Studio of the year" award for it exponential growth. It is a flagship franchise studio that specialises in electro-muscular stimulation training. It is a well-know franchise with an international footprint and growing worldwide. The current owner took over from the previous owner 2 years ago and has since then , replaced all equipment and accessories, as well as rebranding the studio. The owner is involved in the business on a part-time basis while a permanent manager is in charge of the day-to-day running of the studio. Staff turnover is low and this has partly been the reason for its success.
- Asking Price:
- R1,200,000 Furniture / Fixtures included
- Sales Revenue:
- R2,451,000
- Cash Flow:
- R400,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Expires in 2028, but can negotiate with landlord
- Leasehold Rent:
-
R219,540 per annum
- Location:
-
The premises is situated in a business area with easy access and parking. It is not close to other fitness facilities providing the same type of training. This central positioning provides convenient access to both residents and professionals working in the surrounding commercial area.
- Premises Details:
-
The building is well situaed with easy access to the street and ample parking
Business Operation
- Expansion Potential:
-
With the base membership in place, this studio has the opportunity to double its membership
- Competition / Market:
-
Limited
- Reasons for selling:
-
Owner Relocating
- Trading hours:
-
Mon-Fri: 5am - 6pm
Sat and Public Holidays: 6am-1pm
- Employees:
- 5 staff members
- Years established:
- 2020
Other Information
- Support & training:
-
Franchisor is strong on supporting its franchisees
- Furniture / Fixtures value:
- R500,000 - included in the asking price
- Inventory / Stock value:
- R10,000
- Relocatable:
- This business can be relocated
