Established Fitness Club & Boxing Gym Hyde

Hyde, Manchester

Status

FOR SALE

Date Submitted:

10/02/20

Advert ID

256022

Reference

7076 / Rightbiz
Leasehold: £134,995
Annual Turnover: £166,540
Annual Net Profit: Not Applicable
    Located In Hyde Town Centre

    Annual Turnover £166,540 Yr Ending 31/03/2020

    Gross Profit £137,069 Yr Ending 31/03/2020

    Further Financial Info Available After Viewing

    Established Brand Name

    Management In Place

    Database Of 1,200 Members

    Large Free Car Park For 60 Vehicles

    Exceptional Reputation

    Scope For Longer Opening

    Potential To Introduce More Classes

    EPC – C

Description:
REF 7076 – Leasehold Gym & Boxing Gym
Blacks Business Brokers are pleased to bring to the market this leasehold gym and boxing gym offering unique marketing opportunities with a local high profile name located close to the centre of Hyde, Greater Manchester.

INTRODUCTION
Energie Fitness was established by our client in this busy area of Hyde in 2018, previously trading as “Hatton Health and Fitness” from 2008. The business offers a range of fitness programmes, support and freestyle training with the help of professional and well trained staff. It is very well known in this area and has a strong base of 1,200 regular customers in place; most of whom pay by direct debit. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google. Energie Fitness also has a comprehensive website in place.

LOCATION
Energie Fitness occupies a main road trading position in Hyde town centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Morrisons and B&M Home Stores. Hyde United Football Club and Hyde Park are also nearby. The area is well linked by the M67 with very strong public transport links and parking is available immediately outside the building.

REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator but due to our client’s other business commitments, the business is mainly managed by staff and is therefore offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a fifteen year lease which began in 2019 at a cost of £961 per week.

STAFF
The business operates with ten members of staff in employment, this includes a salaried general manager as well as personal trainers and sales staff. Our client is not currently involved in the day to day management of the gym.

FINANCIAL DETAILS
Energie Fitness has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business Yr Ending 31/03/2020 had an annual turnover of £166,540 and gross profit of £137,069 with management accounts available . Full financial information is available upon request.

BUSINESS RATES
The business rates payable are £24,059 per annum. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This well known and highly reputable business occupies an enviable trading position in a popular and busy area of Hyde. Our client has secured a strong customer base. There is plenty of scope to develop the business further with the introduction of new fitness classes and longer weekend opening. The introduction of a hands on owner operator or operating team would reduce staffing costs significantly. This proposition would therefore ideally suit an owner operating team able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Energie Fitness operates from a large and imposing property on a busy main road junction. The business has large branding and signage on display to the front and side of the property. Inside, the main gym is a large, open plan space fitted with state of the art equipment. There are also two large fitness studios used for classes with spin bikes, both male and female changing areas with saunas, toilet facilities and a welcoming reception area. All areas are presented very well.

FRANCHISE
The business is part of the Energie Fitness Franchise offering unique marketing opportunities with a local high profile name A new owner would be offered the opportunity to set up a new franchise agreement. All franchise costs can be made available with the accounts after viewing.

Fixtures & Fittings:
Free Weights
Treadmills
Deadmill
Row Machines
Bikes
Spin Bikes
Cross Trainers
Leg Weight Machines i.e. Leg Press Machines, Leg Abductor Machines, Leg Raises Frame, etc.
Arm Weight Machines i.e. Bicep Curl Machine, Triceps Extension Machine, etc.
Punch Bags
Boxing Gloves & Pads
Boxing Rings
Benches
Medicine Balls
TRX Ropes
And Much More....

Opening Hours:
MON - FRI: 06:30 - 22:00SAT & SUN: 09:00 - 17:00


Weekly Rent:
£961 Per Week. Weekly Rent:
£961 Per Week.
Contact Agent
Advert Reference:
7076 / Rightbiz
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