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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
  • Annual Sales Revenue (€):
    562247
  • Annual Net Profit (€):
    53427
  • Year of Establishment:
    2019
  • Number of Employees:
    8
  • Time to run this business (hours per week)
    48
  • Licence:
    We have a mainland licence (LLC) and a freezone licence (FZ LLC). Both licences will be given to buyer upon sale.
  • 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.
  • Reasons for selling:
    Owners are leaving UAE and relocating to the UK to set up another division there.
Closed
Open hours today: 10:00 am - 8:30 pm
  • Monday

    10:00 am - 8:30 pm

  • Tuesday

    10:00 am - 8:30 pm

  • Wednesday

    10:00 am - 8:30 pm

  • Thursday

    10:00 am - 8:30 pm

  • Friday

    10:00 am - 8:30 pm

  • Saturday

    10:00 am - 8:30 pm

  • Sunday

    10:00 am - 8:30 pm

  • 29th September 2023 3:39 am local time

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Price
  • € 437000
  • Included: Furniture / Fixtures, Logo and Branding Assets, Support after sale, Domain and Website, Suppliers Relationship, Customer Base
Location

Dubai - United Arab Emirates

Website
  • https://www.poolacademyuae.com
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