Fully describe the business's activities?
Accelerate FItness Southdale is a fully commercial, fully equipped commercial gym with 1300+ members
How long has the business been established?
10 years
How long has the owner had the business?
18 months
How does the business operate on a daily basis?
The business operates daily (except for easter and Christmas periods) for current gym members and to tour prospective members
How are the clients attracted to the business?
Currently situated in Southdale Centre which has a large amount of foot traffic and lots of other anchor stores
What Advertising/Marketing is carried out?
Activations, Google Ads, Referral campiagns
Does the business have any contract work?
No
What competition exists?
None. It is currently the only large commercial facility in the area
What are the seasonal trends?
Busier in Summer months, less in Winter
Is the business VAT Registered?
Yes, however it is not the business for sale, just this one facility in Southdale
Are there up-to-date Management Accounts available?
yes
How could the profitability of the business be improved?
Needs to be Owner managed
Is Seller finance available and for what amount?
No
What is the total staff complement?
11
Do any receive special perks or incentives?
Commission for Sale staff
Are they on contract?
No
Do any have management potential?
Yes
How involved is the Owner in running the business?
Currently not too involved, and that is the problem
When does the current lease end?
2031
Is there an option of renewal & what period?
Yes. That is negotiable
What is the annual escalation %?
6%
What are the trading hours?
Monday to Thursday: 05:30 - 12:00
Friday: 05:30 - 19:00
Saturday: 07:00 - 13:00
Sunday and Public holidays: 07:00 - 12:00
Easter Weekend and Christmas to New Year: Closed
What is the square meters of the business?
approximately 1,641m2
Is a copy of the lease available?
Yes
Do you require a licence?
No
What lease deposit and/or other surety is required?
None
What are the main assets of the business?
The equipment and membership contracts
Are any items not included in the sale?
No
What is their overall condition?
Good
Do any require repairing?
No
How have they been valued ?
Yes
Which assets are on lease/HP and with whom?
None
Are they presently insured?
yes
Strengths?
Large membership base
Prime location in a high-traffic shopping centre.
Strong visibility and brand exposure.
Convenient and accessible for members.
Large and diverse target market.
Opportunities for walk-in membership sales.
Secure premises with ample parking.
Ability to attract both local residents and shoppers from surrounding areas
Weaknesses?
Members need to be managed to pay and follow rules and regulations
Dependence on Membership Volume
Member Retention Challenges
Equipment Wear and Replacement Costs
This transaction constitutes the purchase of the business assets only. The Purchaser shall be required to rebrand the business and operate it under a new name.
Opportunities?
Growing Health & Wellness Trend
Expansion of Service Offerings
Supplement and Merchandise Sales
Technological Integration
Threats?
Currently none. Only Large commercial facility in the area
What is the reason for the sale?
The current owner/manager is required to remain actively involved in the business on a day-to-day basis, and the sale is being considered due to this ongoing operational requirement and personal time constraints
Why is this a good business?
This gym represents a strong business opportunity due to its established position in a high-demand health and wellness sector and its ability to generate recurring monthly income through memberships. Its location within a busy commercial environment provides consistent exposure and access to a large and diverse customer base, supporting ongoing member acquisition and growth.
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Annual Turnover Amount between R 500 thousand and R 6 million