Two Women’s Fitness Clubs For Sale Nottinghamshire Price Reduced | | Nottingham Nottinghamshire | | Phoenix Business 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. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65748
ADVERT IMPRESSIONS : 9,075 TIME(S) | | | | BUSINESS SECTOR: | Leisure / Recreation | | TRADE TYPE: | Health / Fitness Centres | | SALE: | Agent Sale | ASKING PRICE: | £125,000 | LEASEHOLD: | £125,000 | ANNUAL RENT: | £16,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | 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. Occupying first floor premises above general retail outlets, both clubs are within town centre trading areas. Both areas are market towns with large supermarkets nearby.
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 facilities.
- A very well established business.
- Good loyal clientele with high retention rates.
- 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 fully exploited because the owners now wish to retire.
- 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 retirement.
Services
This very good business opportunity provides very 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 and quite unique. 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 with the addition of Vibration Plate equipment in one club.
Staffing
The owner currently manages one club with a full time manager at the other. Both clubs employ 3 part-time staff who are all L2/3 qualified.
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 very limited 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, outreach work and particularly developing the internet profile.
• Increase secondary spend by introducing products and services available which compliment existing services.
• 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 (with rental potential), 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 4years and 6 years remaining respectively. The rent is £16,000 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)
Ref: 1687
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | 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 | | | | | | | | | | | |
