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Business Industry Icon Profitable Independent Gym
East London, Eastern Cape   Brokered By: Greg King
Asking Price: R7,500,000.00 Sales Revenue: R5,938,295.00 Cash Flow: R183,660.42


BUSINESS PROFILE VIEW

Business Information

Business Information
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Business Identifier

Profitable Independent Gym

Reference

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Looking For

Buyer

Company Start Date

2007-01-01

Financial Year End

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Sector

Service

Industry

Healthcare & Beauty

Business Description

Businesses4Sale is extremely excited to present to the market this excellent established Gym. The business is over a decade old, has a strong membership base and is well liked.
The gym has recently undergone a complete makeover and truly offers its members a great gym experience. The equipment is all state of the art and not only does the gym offer the conventional 'gym' offerings such as free weights, cardio, circuit, spinning, aerobics and pool but also offers members a state of the art crossfit work out facility.
To top this all off the gym also has an in house spa which offers messages etc.
Month on month the gym has a positive membership growth and future revenue and profits look to be very healthy.
The business has come onto the market due to the Seller's health and this creates a great opportunity for an astute buyer to pick up a solid highly profitable business with many opportunities to grow.
The asking price is R7,500,000 (Excl Vat and Stock). With the 2019 Financials year profits forecasted to exceed R2m this offers a very good return on your investment.
An added plus is that the business is fully manager run and the new owner would only need to spend a few days in the month at the business. The entire business is covered with CCTV cameras and a state of the art online management system. Thus an owner can keep tabs on the business from anywhere in the world.
Act now and don't miss out, businesses like this are not often on the market.

Registered for VAT

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Franchise

No

Type of Business

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Current Status

None

Province

Eastern Cape

City

East London

Business Environment

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Legal Regulation

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Asking Price (R)

7,500,000.00

Annual Turnover (R)

5,938,295.00

Monthly Free Cash Flow (R)

183,660.42

Estimate of Business Value (R)

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SWOT Analysis

SWOT analysis
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Human Resource Information

Human Resource Information
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Managers

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Estimated Annual Increase/Decline (%)

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Employees

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Ownership Structure

Ownership Structure
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Ownership Distribution

Private Ownership

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Ownership Distribution Graph


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Voting Weights

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First Business (%)
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Selling Proposition

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Assets

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Income Generating (necessary for production) Assets

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Loans Given or Negative Balance in Loan Account

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Liabilities

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Outstanding Invoices owed to Suppliers for Raw Materials, Stock and/or Consumables and Other Monthly Costs

 
Total Due (R)

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Between 14 and 30 days late (R)

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Income Recovery Rate

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payment date
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Income Recovery Graph


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Current Expected Income

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Extended Information Enabled
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