Independent Gym "Core Fitness" in Scarborough, North Yorkshire on Sale
Scarborough, North Yorkshire
- Status
FOR SALE
- Date Submitted:
14/02/24
- Advert ID
606763
- Reference
B07836 / Rightbiz
- Call Agent:
- Leasehold: £79,995
- Turnover: £60,000 (£1,154 Per week)
- Net Profit: Not Applicable
Business Details
Well Established Independent Gym For Sale
BusinessPlease quote reference B07836
CoGoGo welcomes to the market Core Fitness Scarborough Limited T/A Core Fitness, a highly rated and well established independently run gym inside the Balmoral Centre, Scarborough.
The business was originally founded over 15 years ago, and has been under our clients ownership since 2022. During that time, the business has built up an excellent reputation and regular customer base.
Core Fitness has now come onto the market as our client is looking to focus on other business interests.
They pride themselves in their customer service and their members fitness journey, ensuring everyone is treated as an individual and feels welcome from the very first moment in which you walk through the door.
They aim is to offer a professional first class service with affordable prices and to create a community atmosphere. Core Fitness strongly believes that training should be fun and in the centre we will strive to help anybody reach their fitness goals.
The business is a pin code access control gym and has turnstiles in place, with our client investing alot of money into this system. This is a huge factor for small gyms as having this means that less staff will be needed to monitor customers entering and leaving. Customers will get a code to enter when they sign up/apply online.
Core Fitness accommodates to all fitness needs, offering a wide range of equipment with over 50 stations. Strength training equipment including resistance machines, plate loaded machines and a vast selection of dumbbells ranging up to 70kg. A full range of cardiovascular equipment including treadmills, cross trainers, upright bikes, recumbent bikes and rowing machines. Also a fully equipped functional area available for use away from the gym floor. This is also used for fitness classes and for functional workouts. All members are entitled to a complimentary induction into the centre.
A training program specific to each individuals needs is also available as part of your membership; totally free of charge. All staff are fully qualified and very experienced in their knowledge of health and fitness. One of their team will sit down with you and set you out a plan, with specific goals, in detail, to get you started on your fitness journey with them.
Key selling points -
- Well established
- Good location
- Low overheads
- Handover option available
- Increase advertising and marketing
Location
Core Fitness is ideally located at the Balmoral Centre in Scarborough, North Yorkshire.
Due to its location, it regularly receives high levels of footfall and passing trade.
Premises
The premises consist of the main entrance with counter and fixed storage.
This is a pin code access controlled gym with turnstiles, which is given to customers once they sign up online or in club.
The entrance leads to the main gym suite consisting of cardio area, weightlifting stations.
Through the main gym is the boxing area with soft foam flooring.
There is also an additional room which is currently sublet to a beautician on a weekly rental agreement.
Parking - There is ample parking at the rear of the gym.
Security - The premises are alarmed and have CCTV
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 5 year lease. The rent is £5,000 per annum.
Hours
The current trading hours are -
Mondy to Friday - 6:00am - 9:00pm
Saturday to Sunday - 7:00am - 6:00pm
Staff
We are advised that the business has 2 adhoc staff members.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £60,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
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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.
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