All women's fitness centre

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Business Description

  • Located within the city
  • Part of an outstanding franchise group
  • 1,000 members and growing
  • State of the art equipment
  • Return on the owner’s investment of over 40%

 Simon Winter 0419 828 689


Extended Price Information

Goodwill $210,000
Plant & Equipment $135,000
Stock at valuation (approx) $5,000
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$350,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment Return to Investor Return on Investment
n/a (previous owner) $1,171,937 $223,345 63.81% $163,345 46.67%
n/a (annualised) $1,135,518 $193,226 55.21% $133,226 30.86%
2012/2013 $1,108,518 $220,188 62.91% $160,188 45.77%
2013/2014 (annualised) $1,073,564 $191,517 54.72% $131,517 37.58%
The return to owner is a net return to one working owners working if the business was operated by a working owner after all expenses and wages but excluding the vendors’ wage.

This business is currently run under management and the owners are not involved in the day to day operation of the business.

Lease Summary

Current Rent $11,367.13 per month + GST
Lease Term 5 years
Lease Commencement September 2009
Lease Expiration September 2014
Right of Renewal 2 x 5 years
Outgoings Paid by tenant
Bank Guarantee Not Applicable to the current tenant

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Plant & Equipment

Original Cost of Plant $186,110
Written Down Value of Plant (approx.) $152,655 (30/06/13)
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