This established fitness studio is a flagship franchise studio that specialises in electro-muscular stimulation training. It is a well-known 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 rebranded 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. The growth over the last 2 years has been phenomenal but has not yet reached its full potential. It is in a great position to increase its membership and grow the studio to maximise the next owner's investment. The sale price equals the value of the equipment. The Buyer will hit the road running with a business with revenues, members and assets to build from . Price excludes VAT
- Asking Price:
- R400,000 Furniture / Fixtures included
- Sales Revenue:
- R1,855,000
- Cash Flow:
- R95,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease till 2031, but can be renegotiated with landlord
- Leasehold Rent:
-
R283,000 per annum
- Location:
-
In a business centre near well known amenities, with a sea view
- Premises Details:
-
The studio is centrally located in a mall opposite a popular hotel and close to the tidal pool. It is in a dense populated area with easy access and ample parking. It has a clear view of Hermanus bay.
- Size in square feet:
- 129 sq meters
Business Operation
- Management type:
- This business has absentee ownership.
- Expansion Potential:
-
With a strong base, the opportunity to double the amount of members at the fitness centre exists
- Competition / Market:
-
No direct competition in the area
- Reasons for selling:
-
Relocation
- Trading hours:
-
Mon - Fri: 5am - 6pm
sat & Public Holidays: 6am -1pm
- Employees:
- 4 staff
- Years established:
- 2020
Other Information
- Support & training:
-
Franchisee is strong in supporting its franchises
- Furniture / Fixtures value:
- R400,000 - included in the asking price
- Inventory / Stock value:
- R15,000
- Relocatable:
- This business can be relocated
