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Annual turnover

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  • Mandate: 32589
  • Added: 12 Nov 2018
  • 936

Fitness franchise in Centurion

Gauteng, Centurion
936
Mandate 32589
Added 12 Nov 2018
R 1,300,000* ZAR
Stock: R 0
Assets: R 0
R 20,442 ZAR
Louis Aucamp
Aldes Pro
Gauteng
Summary

Franchised Fitness training business with new equipment in Centurion with well trained staff.

Fitness franchise  in Centurion
SELLING PRICE
R 1,300,000* ZAR
Stock: R0
Assets: R0
R 20,442 ZAR
Summary

Franchised Fitness training business with new equipment in Centurion with well trained staff.

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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?
15 months

How long has the owner had the business?
15 months

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?
Yes

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
February 2018

What percentage of the business is cash/credit?
monthly membership fees

How could the profitability of the business be improved?
Additional advertising

Is Seller finance available and for what amount?
No

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?
Yes

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?
2021

What is the annual escalation %?
8%

What are the trading hours?
5am to 8pm

What is the square meters of the business?
80 m2

Who is the Owner/Landlord?
Redefine Retaile PTY Ltd

Is a copy of the lease available?
Yes

Do you require a licence?
Franchisor approval

What are the main assets of the business?
Equipment is on hire from head office Lease improvements

What is their overall condition?
good

Will Seller settle or Buyer to take over?
Buyer needs to take over

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
They use the latest technology in a growing industry

Weaknesses?
There are seasonal trends There are various competitors in this industry

Opportunities?
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.

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FRANCHISE DETAILS

Aldes Pro

2 members
22 active mandates
Gauteng
Malcolm Road
0000

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