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Annual turnover

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  • Mandate: 32388
  • Added: 03 Sep 2018
  • AFS
  • 243

Excellent Gym - Sustainable, recurring income !

Western Cape,
243
Mandate 32388
Added 03 Sep 2018
R 1,180,000* ZAR
Stock: R 10,000
Assets: R 650,000
R 35,470 ZAR
Pieter De Beer
Aldes Atlantic
Western Cape
Western Cape
Summary

Well run gym in the Western Cape. Excellent debit order / recurring income model.

Excellent Gym - Sustainable, recurring income !
SELLING PRICE AFS
R 1,180,000* ZAR
Stock: R10,000
Assets: R650,000
R 35,470 ZAR
Summary

Well run gym in the Western Cape. Excellent debit order / recurring income model.

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Fully describe the business's activities?
This gym opens opens at 5:30 am until 8 pm giving access to members to use the facility . The different types of exercise equipment makes this an excellent choice in town. The Seller works with a manager and they work shifts in opening and closing. They have a daily checklist wit which they operate and the other staff members, are also trained up to fulfill general reception duties (telephone, queries, etc) as well as admin duties (check and respond to emails, contracts, petty cash, filing, etc). Furthermore duties involve assisting members on gym floor (spotting, instruction, etc) as well as ordering of products and the basic maintenance of machines

How long has the business been established?
Almost 20 years

How long has the owner had the business?
Al most 3,5 years.

How are the clients attracted to the business?
This is the only fully operational gym in the town. The clients are mostly attracted by word of mouth but a small Facebook, newspaper, flyers, and posters also assist the marketing campaign.

Does the business have any contract work?
Debit order recurring model.

What competition exists?
There is another health business focusing more on classes for ladies.

What are the seasonal trends?
Winter months are quieter but the income stays fairly constant.

Are there up-to-date Management Accounts available?
Yes - 3 years since the current owners took over

What percentage of the business is cash/credit?
85 % of the income via debit order and the balance in cash.

How could the profitability of the business be improved?
Public awareness, sales staff, renting floor space to personal trainers

What is the total staff complement?
4 staff members which includes the owner.

Do any receive special perks or incentives?
Yes, referral compensation, performance bonus

Are they on contract?
Permanent and on contract

How involved is the Owner in running the business?
The owner fulfill the role of one of the managers. He also oversee the business in general.

When does the current lease end?
April 2020

Is there an option of renewal & what period?
Yes - 5 years.

What is the annual escalation %?
10 %

What are the trading hours?
Mon-Fri 05:30 - 20:00 Sat 05:30 - 12:00

What is the square meters of the business?
400sqm

What are the main assets of the business?
Gym equipment and other office equipment.

Are any items not included in the sale?
Yes (one pull up bar, tools, air compressor, flatscreen tv)

Do any require repairing?
Elliptical machine

Strengths?
Only Fully operational Gym in Town Excellent placement Well run Debit Order System - recurring income

Weaknesses?
Seller not focused anymore. Wants to move onto a new venture.

Opportunities?
This rural town is exploding. People are moving into the town and thus more business can come in. Start with classes for personal instructors to work with their clients. Possible other classes like CrossFit, HUBA etc.

What is the reason for the sale?
The owner wants to move onto a new venture and possibly relocate abroad.

Why is this a good business?
Health and fitness is high priority and demand People in this fast food age, wants to look better, feel better and will pay for it to happen !

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FRANCHISE DETAILS

Aldes Atlantic

6 members
25 active mandates
Western Cape
33 Montague Drive
7441

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