Health, Fitness + Beauty
Whether you run 1 location or 100, getting the numbers right is critical
Fixed price accounting and financial management for health, fitness and beauty businesses.
Your core mission is in helping people become the best version of themselves, physically and mentally. Payroll, membership billing, BAS and tax compliance, financial analysis, and inventory management, all detract from focusing on nurturing your team to grow your business.
Aretex can support your business with effective and affordable industry-specific accounting, bookkeeping and financial oversight. Whether you run a single location or a nationwide chain, we have the people, processes, and technology to manage it most efficiently.
Gyms & Health Clubs
With intense margin compression and competition at an all-time high, the health and fitness space is a cutthroat industry – 81% of fitness businesses fail. To stand the test of time, your training facilities need your team focused on your core business and real-time, accurate financial information at your fingertips.
Hair & Beauty Salons
Staffing and talent management, exceptional customer service, marketing and branding, salon maintenance and upkeep, and keeping across the latest styles and trends – with so many balls in the air, accounting and financial management of your salons or studios doesn’t need to be an additional stressor.
Cosmetic Clinics
The technological rate of change in the cosmetic beauty space is accelerating. For sustained growth and profitability, your business should invest its energy and resources into staying ahead of the curve, avoiding gimmicks, retaining high-quality talent, and delivering exceptional results for clients. Leave accounting to the experts.
Our Services
Accounting + Bookkeeping
Get fast, affordable and effective accounting and bookkeeping, with a partner that operates as an extension of your existing team and scales with you. We manage all bookkeeping + payroll, invoices + expenses, on-time BAS lodgement, accounts reconciliation, partner distributions, franchise royalties, superannuation payments, and year-end procedures. Freeing up internal resources to focus on your core business – supporting your clients and customers on their journey of personal betterment.
Business + CFO Advisory
Access business insights and knowledge specific to the health, fitness and beauty sectors. We support you with business finance advisory, cashflow forecasting, profitability analysis and targeting, improved cost controls, operations and growth, as well as acquisitions + selling your business. Leverage over three decade’s experience and let our team guide you through the potential financial threats and opportunities that lie ahead for your group, facility or clinic.
Data Management Services
What gets measured, gets managed. With strict data security protocols and our proprietary technology solution, we offer cost-effective data management that is focused on speed, accuracy, and safety. Providing you with sales and inventory data, group benchmarking, site management admin and detailed analytics to deliver accurate, real-time financial information to those that need it.
Compliance + Business Intelligence
Ensure robust and compliant accounting and financial structures, accurate tax due diligence + auditing, strategic forward planning, and comprehensive company secretarial management (ASIC related administration). Aretex offers compliance and business intelligence to minimise you operating headaches and avoid costly financial penalties.
Case Study
Le Ray Gymnastics was established in 2000 by former Olympian Dani Le Ray. With a modernised approach to rhythmic gymnastics coaching, they have grown to five highly successful locations. A family business run by Dani and her husband, Marc, Le Ray continues to go from strength to strength, seeking out new and advantageous avenues for growth and development.
Marc stepped into the business in a more permanent capacity to help create operational efficiencies and implement scalable processes. Dani had done a fantastic job getting the business to where it was, but her time and efforts were best spent in the core of the business – coaching students and mentoring the other coaches.
What Marc encountered were gaps in essential business processes, or no process at all. The accounting to that point had been managed by a part-time bookkeeper. The service was expensive, reactive rather than proactive, not in line with best practice, offered limited financial insights and data output, and was driven largely by invoice chasing and tax compliance.
As the business was undergoing significant growth, it made more logical and economic sense to outsource opposed to hire. This would allow their people to focus more on strengths and value adds, instead of business functions they are ill-equipped to perform.
Having worked with Aretex and Chris in a previous role, Marc was comfortable with the structure of the business – offshore execution at a more affordable rate, with great communication and local support from Chris and the team. He had dealt with overseas outsourcing quite a lot and understood the challenges and limitations, and how Aretex is able to overcome them to deliver a consistent result.
Working collaboratively with Dani and Marc, we sought to understand their individual business goals and management pain points. From there, we were able to design and implement a series of streamlined processes that effectively handles all the operational accounting and bookkeeping and day-to-day financial management of the business. As well as providing detailed data and insights that helped them grow the business and flag potential financial hazards before they arise. This solution can scale up, or down, as their needs evolve – without ever having to add or subtract internal headcount.
Technology Partners
Articles + Media
Get Tailored Accounting + Financial Management Support
A 15-minute no-obligation discussion to see how we can help improve the financial operations of your practice.
All The Benefits Of An Outsourced Accounting & Data Management Team With Highly Involved Australian Support By Your Side.
PHONE (02) 9188 4495
EMAIL info@aretex.com.au
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