Summary
- Asking price:
-
€150,000
- Sales revenue:
- €180,000
- Net profit:
- €65,000
- Franchise opportunity:
- Yes
- Years established:
- 3.5 years
- Employees:
- 2 full time and 1 part time
Franchise terms
royalty and advertising fee paid monthly
Business description
This is a genuinely outstanding opportunity to purchase a business which is only 3.5 years old and with excellent sustained cashflow generation the new owner can expect to regain the cost of their investment easily within 2 years. Superb location and very high footfall. Over 450 active members and growing.
Property information
- Real Estate:
- Lease
- Lease terms:
- 9 years 9 months. 6.5 years remaining. 5 year rent reviews.
- Location:
- Situated very close to the large town main street it is ideally placed to attract passers by and is always in the public eye. Very high footfall.
Other information
- Expansion potential:
- The Seller believes that Buyer could improve this business by implementation of the following:
• 100% marketing focus to bring member levels up to 600/700
• More advertisements in local papers etc
• Send out more flyers and special offers
• Sending out SMS messages to clients offering deals etc
• Increasing the present opening hours especially at weekends
• Fees per month possibly due to go up soon as there has been no increase for 3 years
- Competition / Market:
- There are a number of mixed Gyms in the area but these have not effected
membership dramatically due to Curves superb location and service offering.
- Support & training:
- Seller willing to aid post sale transition
- Reasons for selling:
- Family pressures
- Trading hours:
- 8am to 8 pm Mon Fri, 8 to 12.30 Sat
- Furniture / Fixtures value:
- €40,000