Contemporary Health & Fitness Centre In Central Melbourne For Sale

Business description

This upmarket gymnasium prides itself on quality health and fitness training and outstanding customer service with highly motivated and trained staff. Set in a contemporary space within close proximity to Melbourne’s vibrant CBD, this health and fitness facility is building a solid client base of loyal customers.

The new gym facility is a beautifully appointed health and fitness facility that caters for all their clients’ health needs. The centre offers a premium facility which has the interests of its clients as the foremost concern, they understand the expectations that gym users have and expect to be able to meet these. They have highly motivated and trained staff, who are not only leaders in their areas of fitness and health, but are educators with a range of skills and disciplines.

The business has been operated by its current owner since July 2008 yet has already developed an outstanding reputation for quality health and fitness training. This business has enjoyed steady organic growth with only minimal advertising being undertaken to date.

In a prime location and within 500 metres of all forms of public transport, this centre enjoys excellent exposure to a high volume of local traffic. The area’s demographic mix provides both day-time clients (many of whom are signing up to the corporate membership options with their colleagues), and early morning/early evening clients who live in the many neighboring apartments surrounding this location. This is the only commercial gym facility in the area so there is no competition to challenge its hold on the potential catchment. It is also the only Physiotherapy service provider in the locale bringing a broad range of people to the facility for these services.

Included in the sale are:

• All existing Plant & Equipment
• All Fittings & Fixtures
• An excellent lease on easily accessible premises
• Well trained staff
• Any required training
• The goodwill of the business


3. Operations

Current hours of operation are:

Monday to Friday 6am – 9pm
Saturday & Sunday 7am – 1pm

4. Market / Customer
Since start up, the facility has provided health and fitness services to a growing number of local residents and business professionals in its market area. Clients range in age from 20-75. Foundation Memberships are offered in the initial stages and Corporate Memberships are also available.

5. Services

Services offered include:

• Health and fitness, gymnasium, physiotherapy, rehabilitation/sports injuries
• Boxing, stretch, personal training, yoga
• Breathing, self defence, cycle (spinning)
• Clinical pilates, pilates classes, mat/reformer/trapeze
• Massage: Sports, Deep tissue, Remedial, Relaxation, Pregnancy, Myotherapy
• Radical group training, Workcover & TAC
• iPool training (exclusive to ACFG)
• HICAPs on site – health insurance rebates
• Allied health services available – dietitian, podiatrist, chiropractic

6. Premises:

Located in an architecturally designed contemporary building in Melbourne, this modern fitness centre has a professional fit-out conducive to high energy, motivation and good health. The floor space is divided into three levels with the reception, offices and Pilates area overlooking the main gym area. The combined area of these two levels is approximately 290m2. An additional downstairs area of approximately 92m2 provides additional space for group classes and hydrotherapy.

This spacious fitness centre comprises a reception/administration area, office, tea room, four treatment rooms, locker room, male and female change rooms and gymnasium. There is also an additional downstairs warehouse/storage area.

The building is located within 2.5 kilometres of the Melbourne CBD and within 500 metres of all forms of public transport including trains, trams and buses. It is also within close proximity to popular shopping strips.

The current ten year term of the lease commenced in January 2008 and has three five year options remaining. The monthly rent is approximately $10,292 plus GST.

7. Plant & Equipment

All Plant and Equipment was bought new a cost of approximately $350,000. The fitout cost was an additional $100,000 approximately. All existing Plant & Equipment is included in the asking price.

8. Management / Staff:

This business was recently set up by its current owner who has more than 25 years experience in the field of health education and qualifications in Applied Science and Human Movement. He is both well credentialed and highly respected within the industry. This gym was his “baby” and was designed to cater to the needs of corporate health and fitness in the inner Melbourne area.

Other business commitments interstate and overseas have now forced the sale of this outstanding centre, still in its infancy. The expertise shown by the director in establishing facilities of this caliber is well known in the industry, having set up some 25 such facilities for corporate clients over his career. This expertise shows in every detail from the layout to the choice of premium floor coverings, to the specially designed pilates beds; no detail has been overlooked to provide the best possible experience for the facility’s patrons.

Existing staff/contractors include:

• A Pilates Instructor
• 1 Full Time Personal Trainer / Instructor
• 1 Part Time Personal Trainer
• 2 Masseuses
• 1 Physiotherapist
• 1 Full Time Administration (not staying)

The staff are well trained and it is anticipated that they would choose to remain with the business following its sale, subject to satisfactory conditions.

The Vendor will provide any required training and assistance during a suitable transition period and could provide ongoing advisory support if required.

Property information

Real Estate:

Lease

Lease terms:

10 x 5 x 5 x 5

Other information

Trading hours:

Monday to Friday 6am - 9pm, Saturday & Sunday 7am - 1 pm

Furniture / Fixtures value:

$350,000 (included in the asking price)