24/7 Fitness Centre Under Semi-Management
Gym & Fitness
ActiveServicesWestern AustraliaB2C
Asking price
$720,000
Disclosed · AUD
Revenue
$622,648
TTM
Net Profit
$272,342
Implied multiple
2.6×
asking / earnings
Brief
- 24/7 fitness centre operating from the same location for 20 years
- Offers gym memberships, personal training, exercise physiology and group fitness classes
- Subscription-based income with upfront and direct debit options
- Direct debit memberships have a minimum six-month contract term
- Over 750 customers with strong retention and no reliance on any one customer
- Only 24/7 fitness centre in the area offering exercise physiology eligible for Health Fund, Medicare and DVA rebates
- Run under semi-management with cross-trained staff
- Two owners work the equivalent of one full-time employee between them
- Located on a major thoroughfare with roadside exposure and parking
- Profits over the last three years increased 20% as the main owner stepped back
More services businesses for sale
- Adelaide Professional Fire ServiceSouth Australia · $323,000
- Self Storage Facility, Freehold & Business, VICStorage · Victoria · $1,350,000
- Self Storage Business, Leasehold, VictoriaStorage · $350,000
- Boutique Hair Salon, NarangbaHair Salon · Queensland · $649,000
- Property Staging Business - Residential Styling$200,000
- Adelaide Digital AgencyDigital Marketing Agency · Norwood · $750,000
- Gold Coast Entertainment BusinessQueensland · $550,000
- Fitness & Recovery Business - CanberraGym & Fitness · Australian Capital Territory · $370,000