Established Crossfit Gym Semi-Managed in High Growth Area

Sold - Brisbane QLD

Short Summary

Established over 14 years in same area. Repeat membership income. Owner works 12hrs. Net $24,261pa Semi-managed or more to Full Time Owner. 100k P&E

Key Selling Points

• Established brand
• Low working capital requirements
• Long Term Lease in place
• High Profit Margins
• Simplistic business
• Clean financials
• No Direct Competition
• Strong Social Media following

Established over 14 years with a fantastic coaching team in place. Really nice part time income of $24,261pa or you could make more if you wanted to work full time. Large area offering room for additional services and income. Booming area offering strong organic growth.

Ample free parking and easy access.

Huge social media following.

Quality Plant & Equipment recently upgraded.

Asking $59,000 including over 100k worth of plant & equipment.

For Sale by Owner
Alex 0400 424 633  zcarlson@outlook.com.au

Ref. no. BUY2459

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CONFIDENTIALITY & NON-CIRCUMVENTION AGREEMENT. Parties: This Agreement is made between Business Classifieds Pty Ltd (ACN 130 005 426) ATF Business Classifieds Trust ("the Agent"), and The undersigned recipient ("the Recipient"). (1) Interpretation: For the purposes of this Agreement: "Business/Property" means the business and/or assets and/or property referred to by the Agent and/or described in any document, advertisement, memorandum, or agreement provided by the Agent. "Confidential Information" means all information, documents, data, forecasts, statements, and material (whether written, verbal, or electronic) disclosed by the Agent or the Seller in connection with the Business/Property, excluding information which is in the public domain other than through a breach of this Agreement. "Seller" means the party who owns or controls the Business/Property, and includes their heirs, executors, administrators, successors, assigns, or any related entity. "Recipient" means the individual or entity receiving Confidential Information, and includes its officers, employees, advisors, agents, representatives, successors, and assigns. Words denoting the singular include the plural and vice versa. Obligations bind parties jointly and severally. (2) Confidentiality Obligations: The Recipient agrees: (a) to keep all Confidential Information strictly confidential; (b) not to disclose any Confidential Information to any person without the prior written consent of the Agent, except to professional advisors (lawyers, accountants, or financiers) who require such information for the purpose of assessing the Business, provided such advisors are also bound by equivalent confidentiality obligations; and (c) to return or permanently delete all Confidential Information, including any copies, notes, or electronic records, upon request or immediately upon the Recipient electing not to proceed with the acquisition of the Business. (3) Non-Circumvention & Commission Protection: (a) The Recipient acknowledges that the Agent is the introducing party and the effective cause of all dealings with the Seller, (b) The Recipient agrees not to approach the Seller, directly or indirectly, or attempt to negotiate, purchase, lease, invest in, or otherwise acquire any interest in the Business/Property, except through the Agent, unless otherwise agreed in writing by the Agent, (c) The Recipient must not: (i) bypass, avoid, or circumvent the Agent in any dealings with the Seller; (ii) assist any other party to do so; or (iii) take any action that interferes with or diminishes the Agent's entitlement to commission, (d) If the Recipient, or any related entity, nominee, associate, or advisor of the Recipient, acquires any interest in the Business/Property, whether directly or indirectly, the Recipient agrees the Agent is deemed to be the effective cause of the transaction and the Agent's full commission is payable by the Seller in accordance with their agency agreement, (e) If the Recipient is found to have breached this clause, the Recipient agrees to indemnify the Agent against any loss, commission, costs, or damages suffered as a result of such breach.*

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In accordance with the Agent's obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), the Agent is required by law to verify the identity of all parties before providing services, and cannot proceed until satisfactory identity documents have been received. The Recipient must upload clear, legible photographs of BACK OF PHOTO ID — showing additional details (e.g. residential address).*

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In accordance with the Agent's obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), the Agent is required by law to verify the identity of all parties before providing services, and cannot proceed until satisfactory identity documents have been received. The Recipient must upload clear, legible photographs of SELFIE HOLDING YOUR PHOTO ID — the Recipient and Photo ID must be clearly visible alongside each other in a single photograph taken in good lighting.*

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all information provided above is true, accurate, and complete;

funds used in this acquisition are from a legitimate source and do not involve proceeds of crime; and

the Recipient will promptly provide any additional identity or source of funds documentation reasonably requested by the Agent.

the Agent may decline to provide services if satisfactory due diligence cannot be completed, and is prohibited by law from disclosing the filing of any Suspicious Matter Report (SMR) with AUSTRAC.

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