Bangkok Fitness Centre

[SunbeltAsiaAdvisor]

Bangkok Fitness Centre

Listing ID# BKK13938

6,000,000THB

BUSINESS SUMMARY

Established around three years ago, this Bangkok Fitness Centre has been equipped to a very high standard. Roughly 10,000,000 baht was spent prior to launch, and the property contains a free weight area, a fitness cycle and treadmill zone, a reception area, a cafeteria, an aerobics hall and changing rooms. The whole complex is very light and airy, with full length windows and high ceilings providing good views from the third floor setting as well as presenting a pleasant workout environment.

The business became popular soon after inception, with over 2,000 members signing up within the first year of trade. Twenty qualified employees were hired to take care of the burgeoning customer base, and very satisfactory financial results were soon gained (a full breakdown of fiscal results to date will be provided for interested parties).

A partnership breakup has now made a sale of the business the only rational outcome, as both partners now wish to pursue other pursuits. A quick sale is sought, and a very attractive asking price has therefore been set, equivalent to less than perceived asset value. Although the current lease is due to expire in June 2010, the landlord has expressed a wish to negotiate a new contract with the new owner. Asking price: 6,000,000 baht.

[sunbelt][/sunbelt]