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Profitable 24hr Gym in Prime Birmingham Location for Sale, Including Lease and Equipment

Birmingham, West Midlands
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Fully Profitable Gym for sale in BirminghamFully Profitable Gym for sale in BirminghamFully Profitable Gym for sale in BirminghamFully Profitable Gym for sale in Birmingham
  • Status

    FOR SALE

  • Date Submitted:

    18/07/23

  • Advert ID

    516824

  • Leasehold: £100,000
  • Rent: £30,000
  • Turnover: £180,000 (£3,462 Per week)
  • Net Profit: On request

Key Features

  • With Car Park
  • Large Business for Sale
  • New Lease
  • Town Centre location
  • Potential for Alternative Use
  • Adjacent to Multiple Retailers
  • Close to Local Amenities
  • Prime Location
  • Fully Fitted
  • Attractive Business
  • Established Business

Business Details

Fully Profitable Gym for sale in Birmingham

Lease and all equipment for sale. All equipment only 4 years old! 

24hr gym inside prime shopping centre with free parking.

Current turnover £15,000 per month with total expenses in the region of £9,000 including, wages (manager and part time staff), current franchise fees, accountancy fees, electric, rates. This is excluding rent and service charge.

Lease up for renweal but we are wanting to focus on our London-based gyms.

This gym is an instant money maker, and with no set up costs it is a no brainer as it's current franchise or independent. Equipment can be brought and taken elsewhere if need be. Brand new all kit is worth £350,000 and it is in serious good condition.

The purchase would include, everything as is; the mirrors, the turnstiles set up with Face ID, all the air con units, and all of the equipment.

New rent deal is as follows:

Initial 6 months £15,000pa

Next 6 months £25,000pa

Year 2 £35,000pa

Year 3 £45,000pa

Year 4 to 5 £55,000pa

The amounts are exclusive of VAT.

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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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