Lifestyle 24 Gym – Less than Half the Price of Setup!

AU$199,000
November 3, 2017

Description

This is a fabulous opportunity to invest into the thriving health & fitness industry. This fully established gym has an excellent 2 year old fitout and equipment base….and is being sold for less than half the cost of the $550,000 set up!   

Business Overview
Lifestyle 24 Townsville commenced operating in 2015 and is centrally located on a busy main road with excellent street appeal at 74-82 Charters Towers Road, Hermit Park.  This very modern, high quality gym provides 24 hour access 365 days of the year. The business presents very well with a 2 year old fitout and unencumbered equipment base all in a great, well maintained condition.

The vendor owns multiple gyms in southern Queensland and has the Townsville operation run under management. However, due to these commitments elsewhere, the vendor has decided to place Lifestyle 24 Townsville on the market and needs a quick sale.

Facilities
Lifestyle 24 Townsville is a great size at 600m2 and has an as-new fitout and extensive equipment base worth over $550,000! The facilities include:

  • Full range of pin-loaded equipment & Olympic plate loaded equipment
  • Extensive range of free weights including dumbbells, barbells, kettle bells
  • Cardio equipment
  • Bathrooms with showers and toilets
  • Lockers for members use
  • Convenient off street parking

Everything is only 2 years old and still in fantastic condition.

Membership
Services provided to members include gym membership, group fitness classes, personal training by qualified staff, personalised fitness consultations and programs, body fat analysis, nutritional advice, and much more.

There are currently approximately 380 members, with members having the option to sign up for 1 month, 3 month, 6 month and 12 month memberships. A Platinum Membership upgrade is also available which includes various popular add-ons such as golf, movies, tenpin bowling, yoga, pilates and Cowboys football games.

Employees
Three employees are engaged by the business:

  • Full time manager/personal trainer (38 – 45 hours per week)
  • Part time assistant (23 hours per week)
  • Casual personal trainer (6 hours per week)

Ideal Buyer
Lifestyle 24 Townsville is an ideal purchase for a personal trainer or Crossfit coach with the dream of owning their own facility. The business really does need an owner operator to build on the existing success and strong foundation already in place….or a local, business minded individual who wants to operate a gym as a silent owner but spend the much needed time growing the members and community.

Areas of Competitive Edge
Many areas of competitive edge exist, including:

  • Well established gym
  • Central location on a busy main road with excellent street appeal
  • Tens of thousands of passing motorists every day
  • 380 current members
  • Fitout and equipment only 2 years old, in excellent condition and worth over $550,000
  • All equipment is unencumbered
  • The manager is willing to stay employed by the new owner
  • Health and fitness is a boom industry which is thriving
  • Room to expand
  • Good social media presence with over 1,300 followers
  • Possibility of renovating second floor and sub-letting to an allied health professional eg physiotherapist, chiropractor, nutritionist
  • Convenient off street car parking

Business Price
Lifestyle 24 Townsville is being sold on a walk in walk out basis for $199,000 (neg) (reduced from $250,000).

Contact
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement. Once we receive your details, we will email you the Sale Proposal for this business. Alternatively, contact:

  • Susan Butler – 0419 905 463 or susan@beyond2000.com.au

Location