Great little city gym with high end equipment ready to go to the next level.
Akuna Street, Canberra, ACT, 2601
Located in the city with very little direct competition and surrounded by massive opportunity, this is definitely a great opportunity to pick up a diamond in the rough.
Still, in the start-up phase, this gym is perfectly placed to take full advantage of the surrounding hotels, apartments, offices and government buildings. All it requires is a solid, targeted marketing campaign to drive further memberships and one-off visits from hotel guests.
Reason for Sale
The owner has many other business ventures and can only offer a couple of hours a day, 5 days a week to operate the gym. She simply doesn’t have the required time to build it to a point that is anywhere near full potential.
About the Business
Ex Fitness is located on Akuna Street in the City and is surrounded by immense possibilities from government departments, apartments, offices, retails shops to the incredible number of tradies working new construction in the area, the potential is enormous.
Loaded with high-end equipment, the owner has invested over $500,000 to get this venture off the ground but unfortunately, just does not have the time required to drive this business to the next level. This provides a remarkable opportunity to pick up a brand new gym without the standard price tag associated with a new gym.
After a wage blowout, leading to a business partnership breakup in April this year, a restructure has seen the business moving ever closer to break even. Each additional membership or one-off visit adds to profitability. This is the ideal space for a personal trainer or gym instructor looking to go out on their own but not able to spend over half a million to fit out a new space.
Currently, 69 members are paying an average membership fee of $37.16, per week only 5 more members will see this startup already covering all expenses.
What will it cost you to get your foot in the door to this remarkably resilient industry? Only $385,000 will secure your new start.
What’s holding you back? Dream of a better life. Call Andrew from Summit Business Brokers today on 0418 676 400 for more information about this wonderful opportunity.