Singapore's No. 1 AI-powered business marketplace

Post Ad
NEW New AI tools: Listing analysis reports are now available on each ad. | Advertisers can use AI to write better titles and descriptions.
Learn more →
Listing Id: 26217 Last Refreshed: 02/09/2023 1931 Views

Leading Personal Training Gym In Orchard Looking For Strategic Investor

Closed
Asking Price S$100K - 200K
This business has been Sold

This listing is no longer accepting enquiries. Browse similar businesses currently available for sale.

Overview

Financial Performance

Monthly Figures
Revenue
Not Provided
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
Not Provided

Business Operations & Assets

Owner Role
Full Time
Premise Status
Rent
Premise Size
3000 sqft / 279 sqm

Business Details

Reason For Sale

Looking for a strategic investor/partner to take the business to higher level

Description

We are the leading gym in the Somerset/Dhoby Ghaut area. We have funded the business primarily from founders' equity and internally generated funds over the last 2 years. Our Google reviews are close to 5 stars from over 100 clients and our trainers are considered industry leading in terms of pedigree, experience etc. 


We are at the stage of looking to further expand the business, in the following aspects:

(1) personal training business (our team is experienced in weight loss and personal transformation training) and expansion into an adjacent vertical

(2) e-commerce store to sell nutrition products (we have an exclusive arrangement to stock protein products from a leading brand at a discount)

(3) technology mobile application business 


We are looking for 2-3 minority equity investors (investors who prefer to lend instead of own equity are welcome too) who are keen to work closely with us for the next 2-3 years to grow the business. 


We welcome both hands-on (director seat is possible with significant stake) and passive investors. Regardless of your level of involvement, we would update you with financials and endeavor to generate a high return for your investment. 


We are looking to raise $100k-200k (for the expansion initiatives and/or buying out exiting shareholders - you will likely end up with significant minority stake) and will share business plans and financials over a meeting. 


We are aiming to close this fundraise by Sep 2023. We have a flexible and creative thinking culture, and are open to finding a way to work with you that works best for both parties. However, due to time constraints, we will only meet with serious investors with at least S$35k to invest. Our current valuation is S$1 million. 


While not necessary, we would prefer a strategic investor operating in the healthcare, nutrition, marketing, physio, medical or chiropractic industries. 


Thank you. 

Important Disclaimer

Listing information is provided by the listing provider or their representatives and has not been independently verified by our platform. Users should verify all information and conduct their own due diligence before making any decision, payment or commitment.

All communications, agreements, transactions, disputes and claims are solely between the relevant parties.

Learn how to avoid scams

Just a moment... we are processing the request