Industry Overview
High cash flow generation gym under management
Business Description
A single 24/7 gym with equipment for strength & conditioning training including weights, cardio fitness, treadmills & steppers and group training classes
Financial Summary
The Company is highly profitable generating revenues of $0.6 million and an EBITDA of $0.3 million
Investment Rationale
Key Investment Features:
• Limited Competition - the gym is located within the suburban fringes / regional city outside of Melbourne which has little competition from other gyms. The location of the gym allows it to charge a favourable weekly membership price and being able to operate with lower overheads given that property rents and employee wages tend to be lower than what they are in the capital cities;
• Pursuing a Number of Growth Opportunities - including:
- Opening Additional Locations - the Company believes that there are numerous opportunities to open additional locations;
• Modern Facilities & High-Quality Gym Equipment - The Company’s gym has high quality fitouts and state of the art gym equipment;
• Operating Under Management - The gym is run by the gym manager that is responsible for the gym’s operation including overseeing the recruitment of new members, collection of membership fees, local marketing, staffing, maintenance and overall management of the gym.
Customer Overview
Over 800 members (up 2.0% over the past 12 months) and 99% of members on direct debit authorities
Transaction Information
100% sale
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