Buyer only required to:
- Pay $15,000 total purchase price
- Takeover the remaining payments on the leased Plant and Equipment (original value of approx. $115,000). Those payments are $1880 per month with 35 months until finalised.
- Take over assignment of current lease
This gym was fully refurbished and fitted out approx. 2.5 years ago
It is in excellent condition with contemporary / up to date equipment.
Membership is currently sitting at approx. 400 (which is approximately half of what it was previously).
The current owner has always run the business under management
He has been through a difficult period during the last 2 years focused on complicated divorce proceedings and has neglected the business.
This is an opportunity for a hands on experienced operator to take over the business and rebuild the membership and profitability with minimal capital outlay.