Decade-Old, Successful Multi-Site Pilates Studio in London for Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
27/10/23
- Advert ID
601774
- Leasehold: Price on Application
- Rent: £24,000
- Turnover: £200,000 (£3,846 Per week)
- Net Profit: £50,000 (25% Profit margin)
Key Features
- Small Business
- Accounts Available
- New Lease
- Offers Invited
- Company for Sale
- High Turnover
- Attractive Business
- Ideal for Full Refurbishment
- Split Level Trading Area
- Established Business
Business Details
Multi site Fitness Pilates Studio Well Established Successfully run
A renowned Health & Fitness Studio situated in London is for sale. This longstanding business has been up and running for a decade, and I have had the privilege of owning it for the past 6 years. The Studio's leasehold price stands at £150,000, while the current turnover is an impressive £200,000. We are open to any offers on the table and the profit margin is a lucrative £50,000.
The location of the studio is highly strategic, being well positioned near transport links and in a thriving residential area. There's little to no competition on a local scale. Included in the sale will be all fixtures and fittings, making it a ready-to-go investment.
In terms of performance, the studio has been doing exceedingly well. Our turnover has been on an upward curve, increasing year on year. This sale comes as a result of my desire to pursue new avenues in the business world. Despite this decision, the studio continues to run on a regular schedule. Operating hours are from 7am - 1pm, reopening from 4pm - 8pm from Monday to Thursday. Morning opening hours are slotted for Friday and Saturday while we remain closed on Sundays.
The studio employs one full-time manager along with 10 freelance staff members on a contractual basis. The smooth operation of the business does not require the involvement of the owner, making it entirely manager run. The new manager has expressed interest in staying on, ensuring a seamless transition.
Social media presence has been established on platforms like Instagram, Facebook, and TikTok. Additionally, the studio boasts a comprehensive website and enjoys visibility on Google. We are more than willing to offer training opportunities to the new owners to help them manage the business efficiently. Please note that the business is currently managed by the manager and is not owner-run.
Should prospective buyers require additional information, the accounts are available. Please don't hesitate to contact me for complete details about this business.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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.
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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.'.
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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.
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