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Old School Gym In Queensland For Sale

Hervey Bay, Queensland
Asking Price:
$49,000 (AUD)
Sales Revenue:
$85,000 (AUD)
Cash Flow:
Available on request

This gym can start to make you money from day one! The Owner has a government job with great super and wants to sell for a once in a lifetime price.

The gym was established 5 years ago in the tourist town of Hervey Bay.

The business has at the moment 149 active members and with a little elbow grease could easily be doubled.

With the current asking price the overhead cost will be lower than the turnover and therefore an easy start for the new owner.

All the equipment is owned outright except for the vending machine.

The building has a 3+3 lease and is about to end December 2017.

The lease can be taken over or renegotiated in December.

This Business would be perfect for a couple that is interested in making money in the fitness industry.

The gym is fully setup as a 24hr gym.

All care was taken to reduce the power bill and lights, TV's, Fans and aircon are all automatic on movement switches.

When the gym is empty, everything switches off!

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Lease

Lease Terms:

3year + 3year option. The owner is happy to keep the lease going or renegotiate.

Leasehold Rent:

$51,000 (AUD) per annum

Location:

Prime location on the main arterial road of 2/172 Boatharbour Drive Hervey Bay

Premises Details:

330 sq Meters with new aircon. The premises have automatic doors and everything is set up for 24 hr gym.

Size in square feet:
330 sq meter

Business Operation

Competition / Market:

There are 2 smaller gyms in the direct neighbourhood and one larger gym 2 km away.

Reasons for selling:

The owner has a government job with great super and wants to have more spare time. At the moment the owner runs the business and works full time in his government job.

Trading hours:

staffed 8am-11am and 4pm-7pm. the gym is accessible 24hr for members only

Employees:
owner only
Years established:
5

Other Information

Support & training:

The owner is happy to provide support and training for a month if required.

Furniture / Fixtures value:
$90,000 (AUD)
Relocatable:
This business can be relocated.

Contact Seller

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