Businesses For Sale in SingaporeSingapore

Listing ID: 2745
Total Viewed: 3305
Last Refreshed: 27/09/2017

24/7 Gym And Fitness Center For Sale In Toa Payoh

Toa Payoh, Singapore

Asking Price : SGD500K - 1M

Revenue: Not Disclosed

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2014

Gross Profit: Not Disclosed

Inventory: SGD20,000

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: SGD550,000

Staff: 3

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

***NOT included in asking price

Reason To Sell
Business expansion
Business Description

24/7 Gym for sale in Central Toa Payoh.

Well known franchise brand with multiple clubs in Singapore.


- operational for almost more than 3 years.

- high membership base with continuous growth

- fully equipped with brand new equipment from the USA. Equipment value at more than 250K

- fully fitted out for more than 300k

- lease renewed and extended for 3 more years as from October 2017

- permanent knowledgable staff

- limited competition in the area

- brand exclusivity within the territory


Thanks to the high technology of the systems used, this Club can be run remotely. Very limited involvement is required by the owner.


Full support will be provided in the transition of ownership.


The business is sold as "plug & play". Minimum risk thanks to high predictability of membership revenue and operational costs. 

This is the perfect investment for someone looking into very low risk and with little time available to operate. 

On the other hand, if you are able to dedicate to the business a bit of time, it is very easy to increase significantly the revenue.

Business Operations
Business Hour:
24/7
Preferred Skills:
No necessary background in the fitness industry. This is a simple business that just about anyone can run thanks to the support provided by the franchise.
Supporting and Training:
Full support by the franchise with systems to track memberships
Staff:
3 Local
Property Information
Premise Status:
Rent
Premise Size:
3089sqft
Rental Fee:
SGD20,000
Rental Deposit:
SGD60,000 (NOT included in selling price)
Lease Term:
3+3 (renewed lease for +3 years starting October 2017)
Relocatable:
Yes, it can relocate to other place
Home Base:
Yes, it can work at home
Other Information
Facilities:
Equipment was bought brand new and latest models. All imported directly from the USA. State of the art technology in all the cardio machines.
Competition:
Little to none competition in the area
Expansion Potential:
The space is only limited by a partition wall which, in case the new owner would like to expand to take over more space, can be easily removed.

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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