Sectors / Category

Annual turnover

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  • Mandate: 33360
  • Added: 12 Aug 2019
  • AFS
  • 102

Unique approach - fast & effective results - technology driven workouts

Gauteng, Pretoria
102
Mandate 33360
Added 12 Aug 2019
R 2,000,000* ZAR
Stock: R 0
Assets: R 1,306,083
R 72,836 ZAR
Jacqui Erasmus
Aldes Focus
Gauteng
Summary

Fast and effective results with technology driven workouts - Inbody assessment & consultation with professional recommendations - Unique approach

Unique approach - fast & effective results - technology driven workouts
SELLING PRICE AFS
R 2,000,000* ZAR
Stock: R0
Assets: R1,306,083
R 72,836 ZAR
Summary

Fast and effective results with technology driven workouts - Inbody assessment & consultation with professional recommendations - Unique approach

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please supply us with your details below

Fully describe the business's activities?
A specialized Fitness & Training program Technology driven

How long has the business been established?
The business has been established since 2014

How long has the owner had the business?
The owner has had the business for 2 years now.

How does the business operate on a daily basis?
The business has fixed times booked for Fitness classes during the whole day.

How are the clients attracted to the business?
Social media Head office advertisements Magazines Website

Does the business have any contract work?
Yes, clients sign a membership agreement

What competition exists?
Body tech - more of less similar +- 10km away. No real comparison

What are the seasonal trends?
Not really

Is the business VAT Registered?
No this business is not registered for VAT

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

What percentage of the business is cash/credit?
Almost none

What is the age analysis of the debtors book?
No debtors book, this is on a month to month basis

How could the profitability of the business be improved?
Sales of contracts / agreements can be driven

Is Seller finance available and for what amount?
No

What is the total staff complement?
+- 5 staff members

Give a breakdown of staff/ functions/ length of service?
Owner Managed Staff - trainers, salaried

Do any receive special perks or incentives?
There are sales incentive on sales of contracts / agreements

Are they on contract?
Yes

Do any have management potential?
Yes, two employees

How involved is the Owner in running the business?
The owner is involved full time in the business

When does the current lease end?
The lease agreement is a term of 5 years, with 3 years left on this agreement

Is there an option of renewal & what period?
Yes a renewal option is available

What is the annual escalation %?
The annual escalation is 7%

What are the trading hours?
Mondays - Fridays : 05:30 - 20:00 Saturdays : 07:00 - 14:00

What is the square meters of the business?
148 square meters

Who is the Owner/Landlord?
M - T Development

Is a copy of the lease available?
Yes, available on request

Do you require a licence?
No (Franchise agreement)

What lease deposit and/or other surety is required?
Yes 2 months deposit is required.

What are the main assets of the business?
Training Equipment Back-up Battery system

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Purchase price less depreciation

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes, insurance in place

Strengths?
No direct competition close by Strong brand Affluent market Franchise does advertising

Weaknesses?
Staff turnaround quite high

Opportunities?
More marketing. Extra rental income R3000 per month from tanning booth

Threats?
May be to costly for certain clients

What is the reason for the sale?
Emigration

Why is this a good business?
No debtors Affluent market Extra income from tanning booth

What is the price plus stock and the profit?
R2 000 000

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FRANCHISE DETAILS

Aldes Focus

6 members
40 active mandates
Gauteng
Menlyn Woods Office Park Office Block C 291 Sprite Street Faerie Glen
0081

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