24 hour gym for sale (near Canterbury Bankstown)

It has been in operation for over two years and currently has 700 members.
The business is run by staff (no owner involvement)
A long-term lease has been secured.

Fantastic Business!
The owner has spent a significant amount of money to set up this facility, and because of his personal circumstances, you have an excellent opportunity to purchase it for less than the setup cost.

Current Earnings
$43,000 per month

Rent
$24,667 per month


Expenses
Net Profit: $12,000 per month

$6,000 per month

Location Details
Located on the busy Inner West Main Road in a densely populated suburb with old-style unit apartments that lack gym facilities.
A short walk from the train station
Plenty of foot traffic

Since its inception in 2018, the gym has been in a prominent location and has demonstrated great resilience in the face of Covid-19, surviving while other gyms in Sydney were closing down.
With little effort from current owners, membership numbers have already returned to pre-covid levels (business under management and current owners have not made any real effort to grow business due to other committments).


The gym is 500 square metres in size, and the current equipment can easily handle double the number of current members, so a new owner would only need to focus on marketing to grow the business.

No special skills required
All training provided – this business is easy as they come

Hours
A total of 60 hours per week from Monday to Sunday (can be reduced – other 24hr gyms are typically staffed for 40-45hrs per week)

Lease
Employees on a 5x5x5 long lease that began in September 2018