Fully describe the business's activities?
Body 20 is an EMS studio where members are trained using the latest technology in the fitness industry. Staff is friendly and well trained. This franchise is new with the potential for exponential growth
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
They open 5am to 9pm. There are 3 trainers who trains 2 members at a time for 30 min. The owner is involved in all the administration of the business on a daily basis
How are the clients attracted to the business?
Advertising by franchisor and word of mouth
What Advertising/Marketing is carried out?
Body 20 franchisor does most of the marketing campaigns
Does the business have any contract work?
Members sign a 6 or 12 month contract
What competition exists?
There are similar franchises in the area
What are the seasonal trends?
Summer is more active than winter times
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
monthly membership fees
How could the profitability of the business be improved?
Is Seller finance available and for what amount?
What is the total staff complement?
3 x trainers
Do any receive special perks or incentives?
They receive a bonus for additional member sales.
Are they on contract?
Do any have management potential?
yes Dale and Elmien
How involved is the Owner in running the business?
Spends 3 hrs a day at studio to attend to all administration functions
When does the current lease end?
What is the annual escalation %?
What are the trading hours?
5am to 8pm
What is the square meters of the business?
Who is the Owner/Landlord?
Redefine Retaile PTY Ltd
Is a copy of the lease available?
Do you require a licence?
What are the main assets of the business?
Equipment is on hire from head office Lease improvements
What is their overall condition?
Will Seller settle or Buyer to take over?
Buyer needs to take over
Are copies of agreements available?
Are they presently insured?
They use the latest technology in a growing industry
There are seasonal trends There are various competitors in this industry
Active marketing campaign for the franchise
What is the reason for the sale?
Owner needs to atend to their other business ventures
Why is this a good business?
Fitness market is a positive market and easy to run. This is a new franchise with good potential for growth. They are located at a busy mall
What is the price plus stock and the net profit?
Valued by Franchisor at R1 500 000. Asking price R1 300 000.
Annual Turnover Amount between R 500 thousand and R 6 million