Gold Coast Gym and Fitness Studio Valuations

A reformer studio in Mermaid Beach and a 24-hour club in Coomera sell very different things, but both are priced on the same question: how much revenue the members will go on paying once the new year rush and the winter visitors have gone.

A gym or fitness studio on the Gold Coast is usually valued against sales of businesses in the same format, applied as a multiple of maintainable earnings. Where it sits in that range depends on how long members stay, their average fee, how much revenue is on minimum-term contracts rather than month to month, the finance still owing on equipment and the term left on the lease.

What prompts Gold Coast gym owners to get a valuation

The trigger is usually a decision with money attached. A studio owner in Burleigh Heads has been offered a price by a franchise group, two partners in a Robina strength gym are splitting up, a franchisee in the northern corridor wants to buy a second site, or a separating owner needs the business valued at a set date for property proceedings in the Federal Circuit and Family Court's Brisbane registry. Lenders funding a large equipment upgrade can also ask for a figure.

Many gyms change hands on the wrong measure. A headline member count says nothing about how many will still be paying in a year, at what fee, or how many unpaid hours the owner puts in at the front desk and on the floor. A valuation moves the conversation to the earnings the membership reliably produces once the owner takes a proper wage and worn machines are replaced on schedule.

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How buyers price a fitness business

The Market Approach leads. Studios and clubs across the Gold Coast sell often enough that recent transactions are firmer evidence than a forecast built on hoped-for membership growth.

Sales are grouped by format first: 24-hour access clubs, class-based boutique studios, franchised sites and independents each trade at their own levels. Inside each group we compare catchment, floor area, membership size and remaining lease, then apply the multiple that results to maintainable earnings.

Capitalised earnings carry more weight where members sign genuine minimum-term agreements, because that income can be forecast with some confidence. When a major equipment replacement or a rent review falls due within a few years, a discounted cash flow shows that cost in the year it lands, which a single multiple cannot.

Earnings check

A manager is costed at market rates in place of the owner, and any classes or personal training the owner delivers are priced at what an instructor would charge, before earnings are capitalised. For an owner-run studio this is usually the most telling test.

Asset check

Machines, racks, flooring and fit-out are valued at what they would fetch, less the finance still owing. Fitness equipment loses value quickly and is often financed close to its worth, so it usually adds less to the price than an owner expects.

The adjustments behind a gym valuation

Normalisation explains most of the gap between two valuations of one gym, so every adjustment is listed in our reports with its reason. For fitness businesses on the Gold Coast they commonly include:

Fitness businesses on the Gold Coast

Format and position decide which sales count as fair comparisons. Boutique reformer, yoga, boxing and functional training studios along the beachside suburbs from Main Beach and Broadbeach to Burleigh Heads and Palm Beach charge high fees from small, expensive tenancies, often on short leases. The 24-hour clubs at Robina, Varsity Lakes, Nerang, Helensvale and through the Coomera and Pimpama growth corridor run on volume, lower weekly fees and large floor plates near shopping centres and new estates. They are different businesses, and blending their sales produces a multiple that suits neither.

The coast adds two pressures a buyer will ask about. Free and low-cost outdoor training is everywhere, from the beachfront parks to the oceanway paths, and outdoor trainers working in public parks compete for the same members as a small studio. Holiday visitors and seasonal residents also buy casual passes and short memberships, which lift revenue in some months and vanish in others. We read the trading record month by month, separating resident members from visitors, because a business that can show churn by month and membership type is valued with more confidence than one that can only show a total.

The lease usually sets the ceiling. A fitness fit-out is costly and cannot be taken along, so a buyer needs time to earn it back. Many gyms in centres and retail strips are leased under the Retail Shop Leases Act 1994 (Qld), where a dispute with the landlord usually goes first to mediation through the Queensland Small Business Commissioner, and an unresolved dispute will cut the price. The surrounding business base is growing: Queensland recorded a net increase of 19,244 actively trading businesses in 2025 to 2026, to 543,277 at 30 June 2026 (Source: ABS, Counts of Australian Businesses, July 2022 to June 2026, released 18 August 2026). That growth does not raise a particular gym's value on its own; its members and its lease do.

19,244
more actively trading businesses in Queensland at the end of 2025 to 2026 than at the start, across all industries
Source: ABS, Counts of Australian Businesses, July 2022 to June 2026, released 18 August 2026
2 revenue streams
assessed separately: members on minimum-term agreements and members paying month to month
Month by month
churn, casual passes and attendance traced through the year, so a January rush or a holiday peak is not taken as maintainable earnings

What goes into the report, and how it stands up

The report sets out its purpose, the standard of value, the valuation date and the information relied on, including exports from the membership software, and says where that information is thin. It explains each approach considered and the method chosen, lists every normalisation adjustment with its reason, and reconciles the results into a range with the weighting explained in plain words.

When gym partners fall out or a sale ends in a dispute, the argument is about that reconciliation. A report that cannot explain why comparable sales outweighed capitalised earnings, or how the churn rate was settled, will not survive a second expert, whether the matter is before the District Court of Queensland at Southport, the Supreme Court of Queensland or in family law proceedings in the Court's Brisbane registry. Each report is prepared in line with APESB, APES 225 Valuation Services and carries the signature of a credentialed certified valuer who will explain and defend it.

A fair question to ask your valuer

Which assumption about my members would the other side's expert go after first, and what would you say? A valuer with no ready answer has not finished the analysis.

Picking the report a gym owner needs

An Indicative valuation fits an owner sizing up a buyer's offer, or an asking price, before going any further. It is for internal decision-making and is not written for third party reliance. A Summary report is the usual fit for a sale, a franchise transfer or refinancing equipment. A Detailed report is required for a property settlement, a dispute between partners or any engagement that another expert will review.

Let the reader set the depth. If a court, a bank, the ATO or another expert may test the figure, go with the fuller report.

Indicative

For internal decision-making. Useful for testing an offer, setting an expectation before a negotiation, or deciding whether to go to market. It is not written for third party reliance.

Summary

Sets out the approaches applied, the normalisation adjustments made and the reasoning behind the conclusion. The usual choice for a sale, an ownership change or a finance application.

Detailed

Applies and reconciles all relevant approaches in full. The level required where a court, the ATO, a lender or another expert will review the opinion.

Compare the three report types

Questions Gold Coast gym owners ask about valuation

Mainly against recent sales of businesses in the same format, whether 24-hour clubs, boutique studios or franchised sites, applied as a multiple of maintainable earnings. We cross-check by capitalising earnings once a paid manager replaces the owner, and allow for member retention, contracted income, equipment finance and the lease term left.
Not always. A buyer pays for the revenue members will keep producing, not for the count. A small studio whose members stay for years at a premium fee can be worth more than a big club with heavy discounting and constant turnover, so we look at tenure, revenue per member and cancellations by month.
How long current revenue holds up depends on churn. A gym that loses a large share of members every month has to keep spending on promotions just to hold its numbers, and a buyer builds that cost and risk into the multiple. Low, steady churn backed by membership system data supports a higher multiple.
It is valued at what it would sell for, less any finance owing, and the cost of replacing it as it wears is treated as a recurring expense rather than added back. Because gym equipment depreciates quickly and is often heavily financed, its net effect on the price is usually small.
Being franchised alters the earnings and the risk alike. Royalties and marketing levies reduce earnings, the franchisor must approve any buyer, and the remaining term, renewal rights and required refits all affect the price. On the other hand, a strong brand can hold membership and make the business easier to sell.
They count, but at a lower weight than resident memberships. Casual and short-stay income on the coast rises with school holidays and the winter visitor season and drops away between them, so we separate it from regular membership revenue, average it over full years and test how dependable it has been before including it in maintainable earnings.
Once the information is with us, certified reports are delivered from seven business days. Timing mostly depends on how soon you can send three years of accounts, membership software exports showing joins and cancellations by month, the lease, any franchise agreement and the equipment finance schedule.
Only if they are left in the figures. The 2020 and 2021 accounts still carry closures, restrictions and support payments that will not happen again, so we keep those years out of maintainable earnings and rely on the trading record since. Where membership has not returned to its earlier level, we find out why before deciding what is maintainable.

Book a Free Consultation

Talk your situation through with a certified valuer before you commit to anything, at no cost.

Andrew Mackson
Andrew Mackson, CFA, ABV, CBV
Managing Partner · 15+ years
Book a Free Consultation →

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