Renowned EMS Personal Training Studio – SpeedFit Sydney CBD

$200,000
For Sale

6288

Property ID

Description

ENQUIRY FORM

The Prospective Buyer of the Business agree to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract. All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party making a disclosure required by the law and does not include information normally in the public domain. The Prospective Buyer acknowledges information supplied by Fitness Business Sales (FBS): Is provided by and on behalf of the Business Owner. Is not guaranteed by Fitness Business Sales (FBS) and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information Fitness Business Sales are not acting as an investment or financial advisor. The Prospective Buyer confirms Fitness Business Sales, having supplied the material requested by the Prospective Buyer does so as agent only and as such bares no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold Fitness Business Sales liable for any loss or damage sustained with respect to reliance on such information. All information and material provided under this deed will be returned, destroyed or otherwise deal with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organized through FBS. The prospective buyer herby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. Fitness Business Sales will not share the contact information of the prospective buyer with anyone outside of FBS.

This well known EMS Personal Training studio has been operating for three years and is located in a prime central CBD location, surrounded by local cafes, schools and businesses. Also surrounded by residential and commercial properties, this vibrant studio has an enormous amount of potential, especially for a local enthusiastic resident wanting to take that first step into owning their own studio.

The current owner (SpeedFit national franchisor) took over this studio from another EMS brand, rebranded it, implemented tried and tested franchise operational procedures, and now when it stabilised with a growing membership base month on month, is looking for a dedicated franchisee, who can run this studio as its own.  The site is a turnkey investment with only minimal work to be done to continue the growth of the studio’s client base and community. With national support from the SpeedFit HQ team, this studio has major potential to thrive with a highly motivated business owner.

The purchaser will receive full handover support, franchise training and hands-on support by the Franchisors Business Consultant for the first two weeks of operation. This will ensure a smooth transition and maximum client retention for guaranteed revenue from day one. With strong brand awareness thanks to more than thirty studios across Australia, and three satellite Support Offices across the country offering continued guidance, this makes this opportunity great for someone starting out or interested in growing their own portfolio.

To consider:

  • Perfect opportunity for both the fitness professional as well as someone who is passionate about helping people and making a difference in peoples lives
  • All equipment is included in the purchase price or option to lease
  • Rent $1,125 per week
  • 110sqm – double studio which means the 4 machine model can operate comfortably
  • Normal Startup Costs $220k+ with no client base
  • Active members: 70
  • Revenue:
    • Y to date (01/07/2021 – 11/03/2022): $80,411 + GST
    • last month (02/2022): $18,550 + GST

Lease

07/07/2017 to 06/07/2022 + 2 options each for another 5 years

$50,000.00 per annum + GST inclusive of outgoings (amount as of 07/07/2017) with a 4% annual increase

A security deposit is $13,750.00  (3 months gross rent + GST) is required

Staff

2 Staff members: 1 x full-time Studio Manager + 1 casual Instructor

Trading Hours

Monday to Saturday based on bookings

Premises

110 sqm, great fit out inclusive of office space and set up for 4 machine model (option to double income)

Opportunity

An opportunity like this does not come around often. Join a franchise network with involved franchisors and a support team to ensure that you are set up for success. The Sydney CBD studio has endless potential to grow and is ideal for a local resident to take the member base to its potential and reap some high financial returns.

You will be buying into a brand that is established and recognised throughout Australia, whilst still benefiting from being one of the first franchisees who will watch SpeedFit reach its full potential and become the most recognised EMS brand in Australia, and potentially across the globe! For an Automatic financial return, this is a great opportunity not to be missed!

Address

Address: Sydney
  • Country: Australia
  • City / Town: NSW
  • Postal code / ZIP: 2000
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  • Property ID 6288
  • Price $200,000
  • Property Type Boutique Studio
  • Property status For Sale