Re-opening on Saturday 25th July 2020 but buyer has now dropped out due to the pandemic. A new 10 year lease has been prepared by solicitors. Phone 07950203390 to view the business. The business has received Council and government support although it does not pay rates. Low rent, no VAT, no business rates, no maintenance charges. Low overheads and potential to increase income through selling products, working as a PT and expanding membership by opening longer hours. Situation The property is situated in a prominent position in the heart of Folkestone Town Centre above the restaurant KFC in a parade of shops including cafes, charity shops and a number of retail shops. Parking is readily available outside the property with two hour bays and also above Sainsburys in multi-storey car park.
Description: Large four storey building with secure entrance on a busy street.
The ground floor is currently occupied by KFC (A3 use) with access to Fit One Gym adjacent to the restaurant, there are stairs leading to the basement which has a boxing studio and deadlift area. Suitable for PT coaching.
Leading upstairs to the first floor, there is mezzanine landing with men's changing rooms, showers, and w/c's. The first floor consists of a reception and a large studio space with both cardio equipment and weights. Scope to expand into a cafe and sale of products from reception.
The next level consists of a further mezzanine landing with ladies changing rooms, showers, and w/c's. The second floor houses further cardio equipment and a tanning booth. Studio for classes such as Pilates, HIIT, and circuits etc. Two personal trainers working in the gym.
There is a CCTV System, existing PRS licenses and an existing referral scheme with the NHS which could be utilised. Direct Debit membership is £22 per month. The current cost on a monthly basis is £30 per month with further revenue from the sunbed and protein drinks/snacks. Potential to sublet to beauty/nails/massage etc. Small room available for bedsit if required.
The business has been awarded a Folkestone Community Works Grant via Folkestone & Hythe District Council for refurbishment works. Fixtures and Fittings are all included. For sale due to retirement.
First Hall 91 sq m 979 sq ft First Office 10.3 sq m 110 sq ft First Changing Room 11.36 sq m 122 sq ft
Second Hall 63.86 sq m 677 sq ft Second Changing Rm 11.36 sq m 122 sq ft
Sunbed with changing room, Panatta resistance machines, Olympic plates, lots of free weights to 50kg plates and 50 kg dumbbells. Full range of cardio machines and studio for classes.
- Close to Local Amenities
- Small Business
- Accounts Available
- Town Centre location
- Potential for Alternative Use
- Company for Sale
- Fully Fitted
- Established Business
- Retirement Sale
- Adjacent to Multiple Retailers
- Attractive Business
- Incentives May Be Available
- Price Further Reduced