Property Description
ABOUT THIS BUSINESS: Very prominent and popular gym and fitness centre.
OPERATIONS: Owner and manager managed.
REASON FOR SELLING: New business ventures.
SCALABILITY: Massive market to grow and expand.
PREMISES: Leased.
TRANSACTION: Cash buyers only to enquire. (No seller finance)
ACQUISITION VALUE:
REDUCED SELLING PRICE: R900,000.00 R595,000 as a going concern
STOCK VALUE: R0
TOTAL ACQUISITION VALUE (INCLUDING STOCK): R595,000.00
PROFITABILITY:
ANNUAL TURNOVER: R866,000 (12 month average)
AVERAGE MONTHLY TURNOVER : R72,000
NET PROFIT (EBITDA) PER ANNUM: R323,000
NET PROFIT (EBITDA) PER MONTH: R26,500
INVESTMENT RETURNS:(EXCLUDING STOCK)
PE RATIO: 3.4
ROI(RETURN OF INVESTMENT): 29%
MPB(MONTH’S PAY BACK): 41
ASSETS:
MARKET VALUE: R1m
ASSET VALUE RATIO TO SELLING PRICE: 91%