Description
Business Overview
- Aquatics coaching business with 2 leased locations in Dubai.
- Started 3 years ago and has about 450 clients in 2 locations.
- Cater to both children and adults, with 70% of the clientele being children.
- We are contracted by two schools for swimming lessons as well.
- Also offer specialised courses for aqua aerobics and people with special needs.
- The buyer gets the franchise agreement for the UAE branches with a 10-year validity and will have to only pay a monthly royalty of 10%.
- The buyer gets two legal entities (FZ LLC and a mainland LLC), two trade licenses, the franchise agreement, and physical assets.
- Neither of the entities has any loans.
- The FZ LLC entity has two equal owners, while the mainland entity has 3 owners in a 51:25:24 split.
- The UAE locations are part of a global franchise that started 10 years ago in South Africa and is currently present in 2 cities on the east and west coast with 6 branches in total having around 750 clients in South Africa. Also started in India this year with around 540 clients.
- The buyer can choose to terminate the franchising agreement after purchasing but would have to change the business name - due to intellectual property agreements.
Products & Services Overview
- Swimming + water polo lessons for children and adults.
- Swimming + water polo lessons for people with disabilities and special needs.
- Competitive swimming + water polo for children and adults.
- Aqua aerobics for adults.
- Swimming + water polo lessons for toddlers.
- Aquatic training courses accredited by a UK governing body.
Assets Overview
Swimming equipment, office equipment, company laptop, and company phones.
Facilities Overview
Our pool facilities are usually based at schools - with changing room facilities and heated pools. We have currently leased 2 venues that have 2 years remaining on the lease. Both locations are in Dubai.
Business Operation
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Annual Sales Revenue (€):562247
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Annual Net Profit (€):53427
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Year of Establishment:2019
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Number of Employees:8
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Time to run this business (hours per week)48
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Licence:We have a mainland licence (LLC) and a freezone licence (FZ LLC). Both licences will be given to buyer upon sale.
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Expansion Potential:The United Arab Emirates and more specifically Dubai is a hub for exponential growth. Aquatic Sports is in huge demand in the Middle East and therefore having a business like ours will surely make you money.
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Reasons for selling:Owners are leaving UAE and relocating to the UK to set up another division there.
Countries of Operation
Closed
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Monday
10:00 am - 8:30 pm
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Tuesday
10:00 am - 8:30 pm
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Wednesday
10:00 am - 8:30 pm
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Thursday
10:00 am - 8:30 pm
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Friday
10:00 am - 8:30 pm
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Saturday
10:00 am - 8:30 pm
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Sunday
10:00 am - 8:30 pm
29th September 2023 3:39 am local time
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