Sectors / Category

Annual turnover

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  • Mandate: 34151
  • Added: 18 Nov 2020
  • AFS
  • 239

Top performing Body20 franchise

Gauteng, Pretoria
239
Mandate 34151
Added 18 Nov 2020
R 1,100,000* ZAR
Stock: R 0
Assets: R 1,465,593
R 75,175 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand
Summary

Profitable and well established EMS franchise with solid client base.

SELLING PRICE AFS
R 1,100,000* ZAR
Stock: R0
Assets: R1,465,593
R 75,175 ZAR
Summary

Profitable and well established EMS franchise with solid client base.

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Fully describe the business's activities?
Personalised 1 on 1 training on EMS technology. Body20 is the leading EMS(Electro muscle stimulation) franchise in SA.

How long has the business been established?
5 years

How long has the owner had the business?
Since inception.

How does the business operate on a daily basis?
Booking system allows clients to secure one on one sessions with a personal trainer.

How are the clients attracted to the business?
Unique training on EMS technology. The gym offers free demo sessions.

What Advertising/Marketing is carried out?
Global marketing/word of mouth/social media/Free demo sessions/event activations

Does the business have any contract work?
No.

What competition exists?
There is direct competition who use similar technology but don't offer the extensive programs.

What are the seasonal trends?
Peak times: August - February but trades well throughout the year.

How did the Covid-19 pandemic impact the business turnover / daily operations?
Started with operations under therapy and private services. Where conventional gyms are closed this business traded due to the personalised nature of the business.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Social distancing/Private studios/Screening/Sanitizing/Booking system.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes

Are there up-to-date Management Accounts available?
Available to qualified buyer

What Balance Sheet and Income Statements are available?
Available to qualified buyer

What percentage of the business is cash/credit?
15% cash/85% credit card

How could the profitability of the business be improved?
Upgrade to flagship franchise. Aggressive marketing

Is Seller finance available and for what amount?
No.

What is the total staff complement?
2

Give a breakdown of staff/ functions/ length of service?
Personal trainers/Sales and cover daily admin.

Do any receive special perks or incentives?
Commission on sales.

Are they on contract?
Yes, full time contracts.

Do any have management potential?
Yes.

How involved is the Owner in running the business?
The owner has invested a lot of time and energy into growing the business to a sustainable level. The owner now performs more of an oversight role, spending 50% of his time in the business.

Any special arrangements for the staff related to the Covid-19 pandemic?
Staff exercise social distancing and wear masks.

When does the current lease end?
Arrangements have been made with the landlord to move the premises to a more suitable location next to the current premises. This will result in a considerable reduction in rental. The current premises is too big.

Is there an option of renewal & what period?
Yes, standard trading period of 3 - 5 years.

What is the annual escalation %?
8%

What are the trading hours?
Mon - Fri: 05:30 - 19:00 Sat: 06:00 - 12:00 Sunday optional.

What is the square meters of the business?
Current studio is 244sqm. Only 90sqm is needed hence the reason to move to adjacent premises.

Is a copy of the lease available?
Yes

Do you require a licence?
Franchise license required.

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

What are the main assets of the business?
Full asset list will be made available to buyer.

What is their overall condition?
Very good working order.

Do any require repairing?
No.

How have they been valued ?
Market value.

Are they presently insured?
Comprehensively insured.

Strengths?
Low staff compliment and expenses. Well established with solid affluent client base in prime location. Impressive returns.

Opportunities?
To upgrade to flagship studio.

Threats?
None perceived.

What is the reason for the sale?
The seller wants to pursue other business interests.

Why is this a good business?
Growing industry with solid membership base. This business is a lifestyle orientated opportunity. Earn subscription revenue with full franchisor support.

What is the price plus stock and the profit?
Price R1 760 000-00. This excludes franchise joining fee of R200 000-00.

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FRANCHISE DETAILS

Aldes Platinum

2 members
17 active mandates
Gauteng , Midrand
8 Baltoro Crescent Midstream Hill
Midrand
0157

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