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LONG ESTABLISHED - "24/7" Gym & Fitness Centre BUSINESS - Independent (Non-Franchise) - "Build your own Brand" for $99.5K W.I.W.O.
PRIVATELY OWNED "24/7" Gym and Fitness Centre Business, in the central/northern Perth suburbs, independently owner-operated [ not 'franchise' ] and still being successfully run by its original founder, for the past 29+ years.
Please note too that, together with the massive gym industry growth in the area, the business is currently trading as well as can be expected [ ie. without current full time hands-on management & direct marketing promotion ] + is only being "re-offered for sale with a massive PRICE adjustment" due mainly to the prevailing ill health & family-minding type issues of the vendor - being remarkably the Gyms Original Founder in 1996 & so still its current Owner-Operator/Manager.
NOTE - the Vendors current preference ** is for a " Sale of the GYM BUSINESS only, including all its current Gym Equipment " - with a Lease of up to 5 years [ with further options to be mutually agreed ] & is offered at an attractive market related rental rate. A BONUS too will be the lessees "First Right of Refusal" to buy the Freehold Property during the term of the lease, should the current business-freehold owner, wish to sell the Property!
NOTING TOO ** - a more recent "turn of events" has had the Vendor advising that he now would consider too a SALE of the FREEHOLD PROPERTY at a Market related price. Accordingly do speak to the Broker about its suggested Property pricing & so confirming too ones financial capability to proceed with an all inclusive Business & Property sale!!
IN SUMMARY: available for sale here and potentially as a still vibrant going concern, is access to the still busy and ever popular longstanding Gym plus Fitness Centre Business 'that never closes', operating 24 hours a day / 365 days a year, servicing its busy catchment area in Perth's central - northern suburbs.
ACCORDINGLY - the GYM BUSINESS [ now asking from $99.5K for its Plant & Gym Equipment only - No Goodwill is being charged in the asking price ]. Noting too - the VENDOR assistance to facilitate the property's initial leasing, in the gyms business sale, also a possibility.
KEY POINTS to note -
Minimal hands-on Administration is required by an owner-operator/manager to successfully run the gym/fitness centre. Currently only staffed by the owner for a maximum of some 10 hours per week [ Mon - Thurs from 4pm - 6.30pm ]; with on-line joining bookings taken plus memberships and accounts independently processed, plus a 6 day Mon 9am - Sat 6.30pm mobile hotline available for assistance to members enquiries.
An extremely well laid out plus fully equipped gym [ together with its more recently purchased Gym Equipment having an estimated replacement value well exceeding $300K ] + with all the tools + also providing access to trainers, to help members 'achieve and maintain their body as they best choose'.
A loyal core Membership base has long existed [ and which could well be / & should be expanded with a more hands on Owner-Operators marketing and personal training involvement - & so built back up to its former substantially more membership numbers ], yet with abundant further opportunities for sustained future growth in this popular area.
Historically it has been substantially very Profitable too - [ although currently trading at approx. ' break - even ' type levels ] and which, we're advised, had generated the owner-operator vendor a healthy net on his former income derived from the combined training sessions plus gym business. The Freehold Property, as a possible future investment in this popular location [ " learn of the pending new Leisure Developments planned for the immediate area by the Local Council " ], has also proved to be an attractive asset for the vendor.
Full details and financials are available to seriously intending prospective purchasers, " who have first had the opportunity to first inspect the gym / fitness centre and so meet & make initial enquiries of the owner as to its operations etc. " Note too - if required, the retiring owner-operator is prepared to work on for an extended period after settlement to ensure the smooth transition to new operators.
REPEATING - the chance of having access to a fully fitted out, equipped, first class gym and fitness training facility [ strata area of approx. 354 sqm ], is included in the sale - & is attractively offered at a less than market related price, for the Gym's $99.5K priced Business & Equipment..
To register your interest or to arrange an inspection, please contact the exclusive agency selling broker David Ellis on
/For more details, please email broker or call agents.