Two Women’s Fitness Clubs For Sale Nottinghamshire | | Nottingham Nottinghamshire | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving small franchised chain of female fitness clubs which has been established since 2005. The business has been in the hands of the current owner since inception and she n | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57083
ADVERT IMPRESSIONS : 12,642 TIME(S) | | | | BUSINESS SECTOR: | Leisure / Recreation | | TRADE TYPE: | Health / Fitness Centres | | SALE: | Agent Sale | LEASEHOLD: | £150000 | ANNUAL RENT: | £15000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The two fitness clubs are based in Nottinghamshire. The first location which has been established since 2005 is on the edge of the town centre within an affluent area on a busy junction and with major retailers nearby; there is a constant traffic flow. The other site which was established in 2007 and is a first floor area above a mixture of retail and a bank. It is on a busy through road near a pedestrian area and within a commercially thriving area.
Business Details
The particular highlights of the business are:
- Part of a prestigious national franchise.
- A life style business offering a high quality ethical and niche service.
- Ideally located concern offering excellent lifestyle.
- A very well established business.
- Good loyal clientele with huge repeat business.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £199,393 with a net profit of £30,000 (see financial summary below).
- A business with great potential which has not been exploited because the owners now wish for a change of lifestyle.
- An easily run operation which is fully managed.
- Good loyal well trained staff.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving small franchised chain of female fitness clubs which has been established since 2005. The business has been in the hands of the current owner since inception and she now wishes to sell due to wanting a life style change.
Services
This very good business opportunity provided high quality fitness clubs offering two different types of exercise equipment in separate studios. Studio one includes two complete motorized circuits which are electrically operated. Studio two offers hydraulic resistance equipment. Also a lifestyle consultancy is offered. The service is offered to all age groups but particularly attracts more mature female clients including older and disabled clients.
Both clubs offer a range of group exercise classes.
Staffing
Each club has a manager and three part time trainers who are fully trained by the franchisors.
Owners Role
The owners’ role is mainly administrative.
Marketing
The owner markets the business in local magazines and leaflet drops and has a website.
Competition
As far as competition is concerned this is a very unique service and therefore there is no direct competition.
Market
The client base consists of ladies of all ages, average age 56 years.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Better utilize the space to offer other classes.
• Recruit a sales manager to promote the business and increase membership numbers.
• Becoming more efficient with staffing levels and having hands on owner.
• Recruit clients from care homes.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The club established in 2005 is approximately 2900 sq feet. It has 2 exercise studios incorporating two full sets of motortone equipment and Technogym Easyline circuit, large changing rooms with oak faced lockers, private changing cubicles, vanity bar with hairdryers, toilets and shower. Large coffee lounge, reception and staff room. It also has a stair lift for disabled customers. The site has 380 members.
The other site is approximately 3300 sq feet and has very similar specifications with a large reception are and staff room. There is also an office and a gent’s toilet and a stair left. The site has 335 members.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £70,000.
Financial Details
The turnover for the first club is for figures to July 2010 £112,480 with a gross profit of £104,682 and a net profit of £29,284. The wages are £37,397. The turnover at the other club is £86,913 with a gross profit of £80,963. The wages are £39,842.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Friday: 9am to 8pm
Sunday: 9am to 2pm
Tenure
The original length of the lease was 10 years with 5years and 7 years remaining respectively. The rent is £15,000 and £13,000 pa. The lease may be renewable or negotiable for longer term if required.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £150,000 (Price Reduced) | | | | | | FOR SALE | | | | | REFERENCE: | 1687 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
