Performance Business Sales Phone : (08) 94 ****
Pat Keenan-Smith
08 94 ****

0413 ****


CASHFLOW like Clockwork Business operates under semi management

Listing Id : 272538

Location : Western Australia - Perth -Perth

Category : Health and Fitness, Gym, Sport

Asking Price : 720,000

Business description

You simply will not find another investment like this:

Secure Cashflow
24/7 Guaranteed Income 

Members pay in advance– excellent cash flow
60% repeat client base
Adjusted Net Profit of $272,342

Low Risk
20 Years Proven Performance

Recession Proof Industry
Health and Fitness is hot right now. IBISWorld research shows the industry has grown 17% in recent years in the 40 year plus age bracket.

Lifestyle 

The Owner only works 25 hours per week!

MARKETING
Comprehensive, Consistent marketing strategy which is Highly Successful. The marketing strategies are proven and highly cost-effective utilising a range of different channels to maintain contact with existing customers and maximise the conversion of prospects.

ABOUT AS GUARANTEED – AS IT GETS
Minimal working capital
Excellent Cash Flow with few creditors.
Only 24/7 fitness centre in the area – minimal competition.
Only fitness centre in the area offering exercise physiology. 
Exercise physiology is eligible for rebates through Health Funds, Medicare & Department of Veterans Affairs (DVA).
Loyal Members; with a 60% repeat client base. 
Upfront and direct debit options for memberships, meaning all members pay in advance.
Sales increase by 20% over last 3 years. 
24/7 Guaranteed Income.


CASHFLOW is Dominant in this Business no Debtors
Buyers are increasingly looking for investment opportunities with secure and reliable cashflow. It doesn’t get much better than this business.
The last 3 years has seen profits increase by 20% despite the main owner stepping back and having more of his duties undertaken by staff.

Adjusted Net Profit of $272,342

GUARANTEED INCOME

Subscription based income streams are some of the highest valued sources of revenue in the modern economy. This business has a range of fitness memberships which are offered to suit the needs of various groups (students, FIFO, seniors) with upfront and direct debit options. All direct debit memberships have a minimum contract term of six months.  The definition of automated profit generation. 

RECESSION PROOF INDUSTRY

The business has been operating and in the same location for 20 years and has propelled itself through the economic slowdown virtually untouched.  Staying ahead of trends by evolving the business’ products and services; this business has ensured its continued profitability through economic highs and lows.

Key Features:

ESTABLISHED 20 YEARS 
This 24/7 fitness centre is celebrating its 20-year anniversary this year having operated from the same location since early 1999. It offers gym memberships, personal training, exercise physiology and group fitness classes. This fitness centre is a well known local icon with a great reputation, it has evolved and changed during this time, keeping ahead of changing fitness trends, introducing 24-hour access and increasing the footprint.

ONE OF A KIND
It’s the only 24/7 fitness centre in the area – minimal competition.
It’s the only 24/7 fitness centre in the area offering exercise physiology, which is eligible for Health Fund, Medicare & Department of Veterans Affairs (DVA) rebates.

FORTIFIED SALES WITH OVER 750 CUSTOMERS 

The nature of the business means it experiences strong customer retention and no reliance on any one customer to maintain sales. With over 750 customers, high retention rates and sales contractually secured, the owners are afforded a rare source of revenue security. 

PREMISES WITH LONG SECURE LEASE 

The business is located on a Major thoroughfare with excellent roadside exposure, it’s the only 24/7 fitness centre in the area with strong links with local allied health practitioners, medical practices, schools and other local businesses ensuring that future competition in the area is highly unlikely for this business. 

LONG LIFE PLANT AND EQUIPMENT 

This business has extremely long-life plant and equipment and because the annual net profit takes into account general repairs and replacements, there has been no need to hold back large sums of money for future equipment replacements.

FUTURE GROWTH 

Future growth will come from increased population in the area due to State Government infill targets, which will see infill housing and high-rise developments in the area.  This 24/7 fitness centre is positioned on a major thoroughfare with easy access and great parking.

There will also be further growth in Medicare and DVA referrals as the population ages and governments become increasingly aware that prevention of chronic diseases is more cost-effective than treatment. 

NO EXPERIENCE NEEDED - Business is run under semi-management

The business is highly systemised with cross-trained staff so NO experience is necessary.
The two owners work the equivalent of one full time employee between them, with the business being run under semi-management. All staff are crossed-trained in all aspects of the business and are trusted by the owners to make decisions on their behalf when not present. Working hours for the new owner can be flexible and time can be tailored to suit.

This has everything you want in a business.

Selling Price: $720,000

Sales: $622,648

Adjusted Net Profit: $272,342

Plant & Equipment: $50,000

WILL SELL FAST!!

NEW BUSINESS LISTING -

Unlike other brokers who provide a couple of pages of basic information, the high detailed report on this business will evaluate the staff, products, markets, facilities, sales potential, competition, financial analysis and much more. This usually runs over 80 pages, analysing everything you need to know to make a quick but informed decision that will save you time, money, frustration and risk.

In dealing with Performance Business Sales you will find our carefully selected businesses listings are of a higher quality and therefore reflect lower risk than most businesses offered by our competitors. It will truly be worth your while to confirm your interest in this outstanding business to avoid disappointment.
This business affords the lucky buyer extreme low risk in that it has a diverse and reliable customer base with lock-in feature. The business is poised for progress in a variety of directions, with new potential markets ready to be developed. This is an exceptional opportunity for a new owner willing to take advantage of this outstanding business investment – DON’T MISS THIS!

To make an informed decision please contact Pat Keenan-Smith pat@pbsbusiness.com.au


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