24hr Gym For Sale - 700 members - Under Full Management

Summary

Summary
24HR Gym for sale in Sydney Inner West Area (near Canterbury Bankstown) Has been running for over 2 years and currently has 700 members. Business is under full management and owner has minimal input. Long lease secured.

This is a great business! The owner has invested a significant amount of money to setup this facility and due to his personal circumstances, you have an amazing opportunity to buy it for less than setup cost.

Current Revenue
$43,000 pm

Rent
$24,667 pm

Expenses
$12,000 pm (approx)

Net Profit
$6,000 pm (approx) - Under Full Management

Location Details
Located on busy Inner West Main Road
Densely populated suburb with old style unit apartments that don't have gym facilities
Short stroll from train station
Plenty of passing foot traffic

Potential
Established gym in prominent area since it's launch in 2018 which has shown great resilience through Covid-19 and survived while other gyms in Sydney were closing down. Membership numbers have already returned to pre-covid levels with minimal drive by current owners (business under management and current owners have not made any real effort to grow business due to other committments).

The gym is 500sqm and current equipment can handle double the amount of current members without a problem so a new owner only needs to focus their time on marketing to grow the business.

Skills
No skills required.
All training provided

Hours
Monday to Sunday
total of 60 hours per week (can be reduced - other 24hr gyms are typically staffed for 40-45hrs per week)

Lease
Long Lease 5x5x5 which commenced in September 2018

Employees
2

Reason for Sale
Owner has other businesses which they need to focus on.

THIS BUSINESS IS PRICED TO SELL QUICK SO DONT DELAY

CALL STEVEN UNG FOR MORE INFORMATION

on 0427 978 477

Business Brokers Sydney

10 Carrington Rd, Marrickville NSW 2204
https://businessbrokerssydneynsw.com.au/

Office Number: 02 8776 3654