Scroll To Top
This advert is currently inactive.

Gym in Folkestone Town Centre with 10 year lease. Excellent equipment, Great Potential.

Folkestone, Kent
Status
FOR SALE
Advert ID
249618
Leasehold Price: £25,000
Annual Turnover: Available upon request
Annual Net Profit: Available upon request

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.

 

Listing Details
Location: Folkestone, Kent
Sector: Gyms, Sunbed Businesses, Hair & Beauty
Key Features
  • 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
Social Profiles
Map and Street View

RightBiz Premium Buyer Feature

Google Maps and Street View lets you explore the area around the business and see if it is ideal for you. Learn more about paid memberships →
What's nearby
Within 1 milei:
Trapeeze Kent Hair Extensions (Hair Care)
Tracy Wilkinson Begg Clinical Soft Tissue Therapist: Sport & Remedial Massage (Physiotherapist)
Kingsnorth Gardens (Bus Station)
Global Tint Folkestone (Car Repair)
I-SPY Detective Agency Folkestone, Private Investigator (Point Of Interest)
Kingsnorth Gardens (Transit Station)
Kingsnorth Gardens (Park)
Londis (Supermarket)
Jet Garage (Convenience Store)
Just Feel Alive (Health)
Listing Statistics
Impressionsi: Upgrade to view
Enquiriesi: Upgrade to view
Interestedi: Upgrade to view
Watchingi: Upgrade to view
Date Ad Submitted: Upgrade to view
Last Viewedi: Upgrade to view
Last Updatedi: Upgrade to view
Last Enquiry Received: Upgrade to view

RightBiz Premium Buyer Feature

See how much interest every advert is receiving by viewing full advert statistics. Learn more about paid memberships →

Related Businesses for Sale

Recreation Businesses
Health & Fitness
Health & Fitness
Disclaimer
The data showed regarding this advert 'Gym in Folkestone Town Centre with 10 year lease. Excellent equipment, Great Potential.' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.