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Profitable Gym Seeking Loan in Kuala Lumpur, Malaysia

Premium fitness centre in an A Grade office building located in the heart of KL.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 200 thousand
Run Rate Sales USD 200 thousand
EBITDA Margin 35 %
Industries Gyms
Locations  Kuala Lumpur
Local Time 4:55 PM Asia / Kuala Lumpur
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 200 thousand for 15.0% annual interest, 5 years (Native Currency: MYR 1,000,000)
Reason: Working capital for expansion.
Collateral Available: USD 200 thousand
Includes physical assets worth USD 400 thousand
Interested to connect with advisors
Documents
Business Overview

- Locally grown international standard health and wellness brand.

- Brand partnership with LesMills Asia, Impulse Fitness Asia, SenangPay, Swingvy HR and InBody Tracking.

- Currently have 550 members in system, and an average of 100-130 individuals visit every day to use the gym.

- 1 branch is fully operational and 3 branches are under pre-sales. 2 of these branches will be operational next month.

- Other than our current branch we have signed a total of 4 new branch leases.

- YOY Membership growth by 120%

- Projecting 4,000 member base with revenue Over MYR 6M (US$1.4M) by next year (growth over 1,100%)

Products & Services Overview

Fitness center offering - eight loss program, zumba, yoga, running club, personal training, group exercises studio, free weights area, functional zone, body assessment machine, shower and toilets, lockers.

Assets Overview

Branch 1 - Full equipment purchase value at MYR 1.3 million.

Branch 2 -Full equipment purchased value at MYR 3,50,000.

Branch 3 - Full equipment purchased value at MYR 4,00,000.

Other Intellectual equipment and office Items: MYR 1,00,000.

Facilities Overview

First Branch:

9,100 sq. ft. - A Grade Building, 1 Floor with the rent of MYR 23,661 - 1 year left with the option to renew for another 3 years.

2nd Branch (Opening next month):

6,000 sq. ft. - SOHO Unit 1 floor with rent of MYR 8,500 - new lease for 3 years with an option for another 6years.

3rd Branch (Opening next month)

16,213 sq. ft. - Prominent shopping mall - no fixed rent - 20% on gross turnover. New lease for 3 years with an option for 6years.

4th Branch (Opening in 3 months)

10,015 sq. ft. - New shopping mall with rent of MYR 28,000 - new lease for 6 years.

5th Branch (Opening in 2 months)

13,600 sq. ft. - A-Grade building surrounded with office and high-end condominium - no fixed rent - 20% of Gross Turn Over - New Lease for 3 years with an option for another 6 years.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

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