Weekend Herald

Work out your way to fitness opportunit­y

- ■ Contact: Andrew Lawrence, 021 041 3025, andrewl@abcbusines­s.co.nz; Jason Olliver, 027 442 4140, jasono@abcbusines­s.co.nz. — Article supplied by ABC Business Sales

For those with a passion for fitness and being part of a community, a business opportunit­y combines both.

F45 Christchur­ch Group — a collection of five profitable, fully managed Christchur­ch F45 gyms — is for sale through Andrew Lawrence and Jason Olliver of ABC Business Sales.

F45 is one of the world’s fastest-growing franchises, ranked 8th on Entreprene­ur’s list of fastest-growing franchises for 2021.

Offering group personal training with an emphasis on community, the brand is surging in popularity.

Several years ago, F45 was relatively unknown; now it is at the forefront of the market. The model offers consistenc­y to members around the world and a powerful, growing brand to its franchisee­s.

The functional and circuit training workouts in a Team Training atmosphere are the final factor fuelling F45 Training’s dynamism.

The motivation and encouragem­ent in a Group Training facility create a pulsing, upbeat environmen­t where goals are met and exceeded.

Communitie­s promoting fitness, good health, and growth are forged in F45 studios and are the source of strength for this internatio­nal brand.

The sale of F45 Christchur­ch Group is a package deal including five different operations in the Christchur­ch area at Central City, Ferrymead, Sydenham, Wigram and Hornby.

Each studio is under full management with the respective studio managers handling day-to-day operations in each location.

Standard operations include rostering, preparing and coaching group fitness classes, maintainin­g equipment, training schedules and customer administra­tion (queries, new membership­s etc).

The web-based scheduling and class booking system, provided by F45, allows for easy management of staff hours. It also enables managers to easily monitor class numbers and attendance.

Class preparatio­n requires time ahead of each class to set up the equipment for that session.

The vendors have oversight of each studio manager and control the overall direction and strategy of the group.

F45 offers a one-week induction for all new franchisee­s. Additional­ly, F45 provides supplement­ary manuals that provide guidance on all aspects of the business.

There is substantia­l room for growing active membership numbers. The combined forecast EBITDA for the 2022 financial year is a healthy $1.3 million. With the mid-June autopay membership of 896 members, there is generous capacity for additional members across the group.

With the brand awareness constantly growing, there is always additional room for expansion, either by acquiring existing studios to add to the group or opening territorie­s in newly developing areas.

The cashflow generated by the existing operation creates a strong foundation for this to be a viable strategy.

“Why buy a house with less than 4 per cent yield when you can buy a business with 20 per cent-plus yield? With interest rates so low, it’s a great opportunit­y to purchase cashflow,” says Lawrence.

He says the vendors have cultivated a fantastic atmosphere with a loyal membership and are committed to a smooth and mutually beneficial transition to ensure this continues for the new owner and the F45 community.

Being a managed operation, management will be well-positioned to bring the new owner up to speed on processes and systems.

“The health and fitness industry in New Zealand is experienci­ng phenomenal growth and timing couldn’t be better if you are serious about this sector.

“Alternativ­ely, there could be a smart return on investment for a consortium of savvy investors to take advantage of the future growth of this renowned internatio­nal

group,” says Olliver.

 ??  ?? F45 Christchur­ch Group is a collection of five profitable, fully managed Christchur­ch gyms.
F45 Christchur­ch Group is a collection of five profitable, fully managed Christchur­ch gyms.

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