Sectors / Category

Annual turnover

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  • Mandate: 34308
  • Added: 01 Sep 2021
  • AFS
  • 580

2 well known branded gym branches and apparel online store.

Gauteng, Johannesburg
580
Mandate 34308
Added 01 Sep 2021
R 4,506,426* ZAR
Stock: R 106,426
Assets: R 4,530,217
R 207,066 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand
Summary

This business consists of 2 gym branches and an online store, selling branded apparel. The gyms are part of a national and international MMA brand. The current branches are franchisor corporate branches with franchise model in place.

SELLING PRICE AFS
R 4,506,426* ZAR
Stock: R106,426
Assets: R4,530,217
R 207,066 ZAR
Summary

This business consists of 2 gym branches and an online store, selling branded apparel. The gyms are part of a national and international MMA brand. The current branches are franchisor corporate branches with franchise model in place.

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Fully describe the business's activities?
Consists of two health and fitness gym branches focused on boxing and kickboxing training programmes. The business has an online store selling branded apparel. The gym hosts online training sessions available to existing clients. The current concept and brand strength make franchising an attractive option. “This is not the usual gym routine – this is the ultimate fitness training, designed to work for everybody.”

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?
Trainers give classes throughout the day. There is also personal training options available.

How are the clients attracted to the business?
The brand is well established and well known throughout SA and Africa. Various marketing campaigns draw new membership.

What Advertising/Marketing is carried out?
Social media, TV, email and influencer.

Does the business have any contract work?
Clients sign contracts to train at the gym.

What competition exists?
Various boutique and commercial gyms.

What are the seasonal trends?
Slight dip in winter and over December/January.

How did the Covid-19 pandemic impact the business turnover / daily operations?
Decrease in turnover and membership.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Covid protocol has been implemented.

Is the business VAT Registered?
Yes.

What VAT documentation is on file?
Up to date vat records.

Are there up-to-date Management Accounts available?
Yes, available to qualified buyers.

What Balance Sheet and Income Statements are available?
Current and history.

How could the profitability of the business be improved?
Increased members. Franchising,

Is Seller finance available and for what amount?
No.

What is the total staff complement?
11 staff between both branches.

Give a breakdown of staff/ functions/ length of service?
2 Owners/managers 5 trainers 2 admin/sales 2 cleaners

Are they on contract?
Certain staff.

Do any have management potential?
Yes.

How involved is the Owner in running the business?
Very involved.

When does the current lease end?
Branch 1: 2021 Branch 2: 2024

Is there an option of renewal & what period?
Yes. 3 year renewal option

What is the annual escalation %?
8%

What are the trading hours?
5am to 7pm

What is the square meters of the business?
Branch 1: 590sqm Branch 2: 450sqm

Is a copy of the lease available?
Yes.

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

What are the main assets of the business?
Training equipment

Are any items not included in the sale?
Asset list will be provided.

What is their overall condition?
Great working condition.

Are they presently insured?
Comprehensive insurance.

Strengths?
Brand strength. Both in great locations with good membership base. Franchise model in place. Online store is an added revenue stream.

Weaknesses?
Current limitations with numbers. Will increase in 2021.

Opportunities?
Build on digital platforms. Franchising. Increase current client base.

Threats?
General gyms.

What is the reason for the sale?
Owners are relocating.

Why is this a good business?
Great lifestyle business with good profits.

What is the price plus stock and the profit?
R4 400 000-00 excluding stock.

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AGENCY DETAILS

Aldes Platinum

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

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