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BUSINESS REFERENCE : CO072 / RightBiz CO072-EAST MIDLANDS-£300,000-GYM & FITNESS CLUB | | | | | | Gym & Fitness Club Confidentially offered for sale Ref No:CO072 Location: East Midlands Asking price: £300,000 Turnover circa £160,000 per annum | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Health & Fitness Centres | | SALE: | Agent Sale | LEASEHOLD: | £300,000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This well established gymnasium was opened sixteen years ago. It has seen a big change in the last two years, when the current owners bought the business and put a huge amount of investment into the gym,to bring it up to its current high standard.
The location of the club is in the middle of a busy town centre and caters for both sexes from early in the morning to late evening.
Qualified male and female instructors are on hand to help with personal fitness programmes and instruct on how to get the best of the superb equipment that is available to use.
There are over circa750 members at present with circa 400 paying by direct debit. New members are joining each month as advertising and word of mouth gets out about the improved facilities in the gym.
Key Strengths:
The fitness club has targetted the sector of the local population who want to get fit but don’t necessarily have huge amounts of spare time available. They come into the gym, do their excercises, workout & shower. The gym is conveniently situated in the town centre and is busy in a morning before work, at lunchtimes and early evening.
Personal instructors help their members get the best out of the gym by giving them personal fitness programmes. These are are kept on file for them to help them achieve better results on their next visit.
The gymnasium can cater for up to circa 70 people at any one time with an array of the finest up to the minute equipment.
There are separate changing ,lockers ,sauna and shower facilities for both men and women and as with the rest of the re-fit these are also brand new.
Growth & Opportunity:
As with any business which has taken a transformation it takes time to reap all the benefits. Whilst membership is growing at a rate of circa 90 new members a month, there is still spare capacity in the gymnasium and this can be filled with some new marketing incentives.
The website has just been created and needs a little more work spending on it if it is to enhance the facilities of the gym.
There is a gap in the local market to attract and offer corporate memberships to local companies. The current owner suggests that this could easily be implemented to gain extra revenue and new members into the club.
There is very little work to do to the club itself in terms of facilities and equipment, as it has been improved over the past 2 years. The foundations for the club are now very solid and the new owner will be able to take the business onto its next level of achievement.
Equipment:
In total there is circa £30,000 of gym equipment, which includes;
Rowing machines, Step machines, Exercise bikes, Treadmills, Weights and Exercise balls.
Male & Female changing rooms include showers and a sauna in each.
Premises:
The Gymnasium is part of a multi-faceted health club. The gym is situated on the first floor with the ladies changing rooms on the ground floor.
Also on the ground floor is a Therapy Centre and a Well Being Centre. All three businesses share a communal reception and entrance area..
The lease for the gymnasium runs until 2015
Costs are; Rent £1,200 per month, Rates £400 per month, Electric £1,000 per month.
The area is circa 2,500 sq.ft.
Staff
Along with the two owners staff includes; Gym manager ,3 x Full Time Instructors
3 x Part Time Instructors, All staff are level 2 qualified fitness instructors, including First Aiders, with Health & Safety Certificates
Reason for Sale:
The owners are to pursue their other business interests.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The sale includes all equipment and Goodwill for the improvements carried out
Turnover circa £126,000 per annum.
All other financial detail including current accounts are available.
Support and Training:
The current owners are happy to help with a smooth takeover and training. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CO072 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
