Established Womens Only Gym Blackburn

Blackburn, Lancashire

Status

FOR SALE

Date Submitted:

17/08/21

Advert ID

281336

Reference

7522 / Rightbiz
Leasehold: £34,950
    Currently Gym/Sauna - With Reception Area

    Large at 3500sq/ft - Could Accommodate Other Use

    Main Road Position - Established 2010

    Located Above Busy Tesco Express

    Repeat Customer Base

    Owner Operator / No Staff

    Well Presented Throughout

    CCTV In Place

    Scope To Extend Opening Hours

    Potential For Additional New Services

    Ill Health Retirement Sale

Description:
REF 7522 – Leasehold Established Women’s Only Gym
Blacks Business Brokers are pleased to bring to the market this leasehold women’s only gym located in Blackburn, Lancashire.

INTRODUCTION
Blackburn Fitness 4 Women was established by our client in this busy area of Blackburn in 2010. The business offers personal training and gym membership for ladies only in a warm and friendly professional environment. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a good amount of additional trade generated by word of mouth recommendations. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Yell. Blackburn Fitness 4 Women has a comprehensive website in place.

LOCATION
Blackburn Fitness 4 Women occupies a main road trading position above a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Tesco Express and Go Outdoors. There are a number of local amenities including car parks, schools and convenience stores nearby serving the large local community. The area is well linked by the M65 and A666 with very strong public transport links and parking is available to the rear of the property.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but sadly due to our client’s ill health retirement, the business is 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 six year lease which began in 2016 at a cost of £138.50 per week. The landlord will be happy to extend the current lease.

STAFF
The business operates with our client only in employment.

FINANCIAL DETAILS
Blackburn Fitness 4 Women has traded solidly since opening and our client has established a strong repeat customer base.Accounts for year ending 1st January 2020 show that the business has an annual turnover £20,342 and a gross profit of £9,270. Full financial information can be made available after viewing.

BUSINESS RATES
There are currently no business rates payable.

SUMMARY
This long established business occupies an enviable trading position in a busy residential area of Blackburn. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours. A strong marketing drive to diversify the client range could also be very beneficial and the introduction of fitness classes and boot camps may also prove popular in this area. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Blackburn Fitness 4 Women operates from the first floor of a spacious property on a busy road. The business is accessed via stairs to the side of a busy Tesco Express store. Inside, the two main work out studios are over 3,000 square feet in size and both are very well equipped, fitted with a variety of bikes, cross trainers, treadmills and much more. There is also a sauna and sunbed area, private treatment room and welcoming reception area. The changing/shower rooms are very well presented and there is a storage area to the rear. All areas are well equipped and presented nicely.



Fixtures & Fittings:
All Gym Equipment Included In Sale PriceWell Presented Changing Rooms/FacilitiesTanning Area and EquipmentViewing Essential

Opening Hours:
MON - FRI: 09:00 - 12:00 / 16:00 - 19:00


Weekly Rent:
£138 Per Week. Weekly Rent:
£138 Per Week.
Contact Agent
Advert Reference:
7522 / Rightbiz
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Find out more about the business by contacting the seller