Turn-Key Fitness Business Available for 75K O.N.O

Industry: Professional - All, Professional - Brokerage, Professional - Internet, Professional - Property/Real Estate, Technology - Online Services, Professional - All, Professional - Brokerage, Professional - Internet, Professional - Property/Real Estate, Technology - Online Services | Listed by: No Agent Business


Key Strengths:


About the business

Phone enquiries - please quote property ID 21035

[ATTENTION: SERIOUS BUSINESS OPPORTUNITY)

LiveFit is a ready-made profitable fitness business for an owner/operator or a family-owned operation. Founded in 2010, LiveFit has been a well-known fitness business in Brisbane.

LiveFit has an in-built culture built on positivity, trust and care, which make it an amazing workplace. The clients are friendly, fun and easy to get along with.

In 2017, LiveFit quadrupled in revenue, hiring additional staff and at its peak turned over $10,000 in revenue per week. It’s a value-based business that just needs passionate people that are seeking to make a difference in the health of their clients.

The Owner of LiveFit is motivated to sell quickly and willing to negotiate on the price. Included in the sale are the plant & equipment, current clients and database and exclusive IP/branding rights.

Key features of this business are listed below:

• Existing Membership Client base with recurring revenue
• Cheap Rent in busy, growth area of Bowen Hills
• Large 320m2 Space with indoor, outdoor and upstairs training areas
• Existing CRM System with fully systemised procedures and database of over 500 people.
• Fully systemised operational and procedures manual for every task in the business
• Sales & Marketing Manual for growth of the business
• World-Class equipment in very good condition – full list can be provided
• World-Class flooring in very good condition
• Upstairs staff area including kitchenette, bathroom and lounge.
• Facebook page with over 3,000 likes and strong community presence
• Instagram page with over 2,000 local likes
• Professional Website Design
• Exclusive rights to the website (LiveFit.com.au)
• Attractive branding and stock including personalised singlets, massage balls and protein powder

The premises are an excellent facility for the gym with a total of 320 sqm of space. (Ground Level 200 sqm and Mezzanine 120 sqm). Upstairs has a kitchenette, bathroom, shower, office and lounges plus pull out bed. Premises are leased with a year remaining and renewable. Very reasonable rent for the location.

Further opportunities to either franchise or make as a 24/7 gym are available but owner is seeking a change after 14 years in the industry. Take advantage of this ready-made business with existing clients and continue with its success.

All equipment is owned and included in the sale. Also included is a Mitsubishi Triton (which is currently under lease). New owner has the choice to purchase or take over the lease.

OFFER BY JUNE 30 TO TAKE ADVANTAGE OF OPTIMAL BUYING CIRCUMSTANCES.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
Know someone that could be interested in this?
Asking Price:
$75,000
Yearly Profit :

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Country

Australia

State

Queensland

Suburb

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Postcode

4006

Locality

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Established on
1999

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EBITDA

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No. of employees

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Lease period

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Stock

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Contact Details Verified

Email Broker Verified

Advertiser Details
Company Logo
Victoria
Australia
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

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