Long Established Profitable Gymnasium In Cape Town For Sale

Business description

Long established (16 years same location) well equipped gymnasium.
Membership currently stands at about 600 of which 60% are on debit order contracts, remainder monthly contract cash payments. Membership growing.
Personal training and classes with instructors.
Refreshment sales.
Good cash income business.

Property information

Real Estate:

Lease

Lease terms:

Current lease expires November 2011 with a renewal option.

Leasehold rent:

R35,000 per annum

Location:

Large shopping mall in Cape Town.

Premises details:

845 sq.m

Business Operation

Competition / Market:

None close by.

Reasons for selling:

Family reasons

Trading hours:

Monday - Friday 06h00 - 20h00
Saturday 09h00 - 17h00
Sundays & holidays 16h00 - 19h00

Employees:

2 managers (owners), cleaner & casual trainers as required

Years established:

16

Other information

Support & training:

Owners will provide 30 days support in the business

Furniture / Fixtures value:

R750,000 (included in the asking price)

Relocatable:

This business can be relocated.