Profitable Fitness Studio in South West London with Growth Potential for Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
01/09/23
- Advert ID
518975
- Reference
BPD2310277 / Rightbiz
- Call Agent:
- Leasehold: £100,000
- Turnover: £109,000 (£2,096 Per week)
- Net Profit: On request
Key Features
- Established Business
- Prime Location
- Unique Business
- Fully Fitted
- Attractive Business
- Price Reduced
Business Details
Profitable & Well Established Fitness Studio In Prime Location of South West London
Prime Location in Highly Affluent Fulham Area and Bustling High Road
Established & Profitable Business with zero debt
Fully Fitted & All Equipment, Fixtures & Fittings included in sale
Potential for Multiple Use & Fantastic Growth Potential
Low Rent - 23K per annum
Fantastic opportunity to buy a well-established, fully equipped and profitable studio of approx 1,200sq ft located in a highly sought-after Fulham Road located close to Parsons Green tube. The lower ground private studio has a great open plan flow, full height ceilings with 3 training areas, 2 toilets, 1 with shower, fully fitted kitchen and air-con/heat.
The business includes all equipment and facilities including; cable machines, free weights, resistance accessories, cardio equipment and a fantastic online operational booking software with supporting app to manage clients / trainer appointments, sales, marketing etc (Software supplied by Wellness Living with a monthly subscription).
At present the business facilitates Personal Training only and operates under a freelancer model, so a great opportunity for a new owner looking to purchase a well-established profitable business with the potential for further growth by adding a many number of new services, changing the operational model or the business etc.
Location:
Located in an affluent residential area with lots of local businesses.
Meter Parking free before 9am and after 5pm.
Buses and tube within minutes of studio.
No immediate direct competition.
Financial Profile:
Small business rates relief is available so no business rates payable.
Current turnover: £109k with strong net profit.
Tenure: Leasehold - Current 10yr lease expires in December 2029 with a 5yr break clause in December 2024
Fixtures and Fittings:
The business includes all equipment, fixtures, and fittings, so fully equipped and ready for a new owner to take over.
Reason for Sale:
Owner has been spending more and more time overseas on another venture in a completely different industry and has decided to immigrate to focus on this new chapter. Therefore, after review, he has decided to sell the studio business, creating the perfect opportunity for a new owner to take over an already well-established business and hit the ground running with minimal risk.
Summary:
Established Profitable Business with no debt.
Low Rent
Prime Fulham / Parsons Green location
Unique Opportunity to expand on an already established and successful business.
All Equipment, Fixtures and Fittings owned outright & included in the sale
Proof of Funds Required
Option of owner finance considered
A viewing of this business is highly recommended to see its true value and potential for a new owner.
VIEWING STRICTLY BY APPOINTMENT.
If interested, please email us to discuss further and to arrange a viewing.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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