Exclusive Gym for Sale in Chennai
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Product / Service
This gym offers a variety of services, including personal training, group classes, and fitness consultations, among others.
Clientele type
The gym caters to a diverse clientele with a wide range of fitness goals, including weight loss, weight gain, and orthopedic strengthening.
Premises
LEASED
Lease per month (in INR): 1.34 L
Security Deposit (in INR): 10.00 L
Carpet Area: 3,900 sq ft
Started in early 2020 and situated in a densely populated area, provides easy access for residents, leading to a steady stream of potential customers.
Asking Price Includes
The complete business, along with machinery and customer base.
Reason
The owner's direct involvement in the business is limited due to their various other commitments and interests.
Other Details
The gym has up-to-date and well-maintained equipment and team of experienced fitness trainers can provide high-quality guidance to members. With over 1500 enrolled members from 2020, the gym is continuously growing due to its positive environment & committed results.
The income comprises over 400 committed membership renewals totaling 40 lakhs and additional earnings from services such as personal training and group classes.
The gym equipment are valued at 20 lakhs, and a rental advance of 10 lakhs have been paid
Business Tags
₹10 to ₹200 Cr
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What to consider before buying or investing in a business?
Below are some of the factors that need to be considered before buying or investing in a business:- Growth prospects of the industry and business
- Sales, profitability, and cash flow of the business should be considered
- Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
- Source of financing the purchase
- Amount of additional investment that will be required to grow business
- Does the business have second-line of management?
- Are you going to run the business on day-to-day basis or appoint some professional for the same?
- What decisions are to be taken to improve the profitability of the business?
- Time period of payback or return is envisaged from the business?
- Any long-term strategic benefit or synergy with your existing business?
- Will the clients continue with the business after the acquisition?
