|A risk on Jetts Fitness that paid off||| Print ||
For Adam, Tim and Ritchie taking on a Jetts Fitness franchise about four years ago seemed like the natural next step. All three had worked as personal trainers for a long time, in fact forty-five years if you added up their combined experience, and they'd all worked both in Australia and overseas.
The Jetts Fitness franchise was pretty new when they joined, in fact they were the fifth or sixth outlet in the country, but they could all see the potential in the business model.
The first gym was so successful the boys opened three clubs within thirteen months.
So why did they decide to sell up after only four years in such a successful business? The answer is simple – the three entrepreneurs had identified a gap in the market in a related area and needed the capital from the existing businesses to launch the new one.*
As soon as they realised they would need to sell, Adam started looking around for a business broker and found one pretty quickly. It actually wasn't BBQld, but – and here's the interesting part (from our point of view in any case) - this business broker actually recommended they use BBQld if they wanted to achieve the best price! In the process Adam and his partners looked at three brokers, but the recommendation led them to set up a meeting with Ron and Shane at BBQld.
“When a client has high expectations for price, it can sometimes make things difficult, especially for a business model that is only a few years young. In this case, the results speak for themselves and with an early entry and a clear exit strategy, their investment in Jetts has paid off and provided a solid platform for their next venture.” said BBQld's Shane Dingley.Adam, Tim and Ritchie have sold two of the three outlets and currently have the third on the market with BBQld. They are well on the way to launching their new venture – Ezyclient*.
* in case you're interested the new business is called Ezyclient and is a web-based online payment and booking system for time-based businesses, such as personal trainers, physiotherapists, accountants etc – www.ezyclient.com.au – due to launch 1st June 2012
1300 699 480
(07) 3297 8755
8 / 130 Kingston Road
Underwood Q 4119
PO Box 1322
Springwood Q 4127