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?
How long has the owner had the business?
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?
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?
What VAT documentation is on file?
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?
What is the total staff complement?
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?
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 %?
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?
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?
How have they been valued ?
Are they presently insured?
Low staff compliment and expenses. Well established with solid affluent client base in prime location. Impressive returns.
To upgrade to flagship studio.
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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