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Established Gym & Fitness Club for Sale in West Midlands - High Reputation & Clientele

 Undisclosed, West Midlands

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    24/06/22

  • Advert ID

    297656

  • Reference

    B06932 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £150,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Well established Gym and Fitness Club for sale

Business
Please quote reference B06932

CoGoGo are pleased to have been given the opportunity to manage the sale of a well-established Gym/Health & Fitness Club with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular and busy local business in an area teeming with clients.

The business was founded by the current owners over ten years ago and has been a real labour of love for them, accruing an impressive number of regular users and a great reputation. The business is now being sold, albeit reluctantly and with heavy hearts only due the vendors wish to relocate. They are keen to see their beloved gym pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.

The gym offers a wide range of services and a full breakdown can be made available upon request. 

The business offers no joining fees, branded clothing sales, no admin Fees and no Contract with a free welcome pack to new members. Gym only memberships are currently £23.00 per month.

The sale will include the company website and Facebook page and the business enjoys great visibility on the internet along with impressive reviews such as;

  • “Fantastic gym, Great facilities and the staff are amazing. They do their best to make sure you’re trading efficiently and that you feel part of the gym family while doing so”
  • “First Class gym, more like a family, all COVID restrictions in place, very friendly, staff on hand at all times to help, would highly recommend, great place!!!”
Scope to Improve;

  • Advertising and marketing campaign
  • Maximise the use of social media
  • Update the existing website
  • Extend the opening hours
Reasons to Buy;

  • A well-established business with an enviable reputation and many existing customers
  • Current owners happy to offer a handover to ensure the continued success
  • All fixtures, fittings and equipment included making this a real Turnkey business opportunity
  • Ideal owner managed or partnership business
  • Offers potential as a bolt on to an existing health and fitness business
  • Recently were awarded business of the year. 
  • The company also sell branded clothing to customers. 
CoGoGo highly recommend early enquiry to avoid disappointment.

This business is likely to attract considerable interest.



Location
The business is located in the West Midlands.

The gym is located in a prominent and slightly elevated position so it's difficult to miss. The business is beautifully presented and maintained with clear visible signage and distinctive livery.

There is free parking to the front and side of business along with free on road parking in the roads and streets surrounding the premises.



Premises
The gym occupies two floors of a brick built building, is presented to the highest standards and briefly comprises;

Ground Floor

  • Reception Area - With suspended ceilings, Led Lighting, bespoke counter, freestanding shelving.
  • Office - With wood effect flooring and space for desk, chair and filing cabinets etc.
  • Plate Loaded Room - Generous gym are with vinyl matting flooring and weight machines.
  • Cardio/Sectorised Room - Another generous room, dual aspect creating a light and airy workout space.
  • Men’s Changing Rooms - Close coupled toilets, 2 showers, lockers, window to side
First Floor

  • Fitness Room - Generous fitness room used for spin classes etc, high ceilings, air conditioning, feature ceiling fan.
  • Rig Room - Another generous room used for personal training classes, punch bag, battle ropes, new cable crossovers etc. 
  • Workout Room - Generous with twin windows to front.
  • Cardio Room - Generous and light with triple windows to front.
  • There is a beauty room which is rented out to provide extra income. 


Tenure
We are advised that the business is being sold on a Leasehold basis, with 1 year remaining on the current Lease. A new lease is available subject to negotiation for the new buyer. The rent is £9,000 per annum. 

The business has a service charge of £3,000.

Extra income from subletting the second floor.



Hours
The business is open 7 days 



Staff
We are advised that the business is owner run and managed, with the help of 5 part-time members of staff. 



Financial Profile
Further financials can be made available upon request. 

Please quote reference B06932



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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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