FOR SALE
03/11/23
602164
RB106 / Rightbiz
Franchise Resales offers a fantastic opportunity to acquire an established My Gym franchise in South London with a stellar reputation, supported by 230 Google reviews averaging 4.9 stars. My Gym, a global leader in children's classes with 40 years of experience across 600 locations in 30 countries, presents a unique chance to join a leading brand at an attractive price.
The current franchisee established this resale in November 2017 and currently generates monthly profits ranging from £2,000 to £10,000. Membership fees range from £49 to £69 every four weeks, with 285 current members, and the potential to grow to 400-500 members for increased profits. The business model derives revenue from structured age-appropriate classes, birthday parties, camps, and special events. Birthday parties start at £299, averaging £376 per party in 2022. Camps and special events contribute an additional £1,100 per month. Secondary income sources include retail items, snacks/drinks, open stay & play sessions, and classroom subletting.
The gym features an £81,000 internal fit-out, including carpeting, laminate flooring, air conditioning, CCTV, fire alarms, and more. Equipment worth £35,000 covers swings, zip wires, trampolines, climbing frames, and various play items.
The franchise fee provides access to weekly programming, graphic design support, website, and ongoing assistance from the franchisor, making it an excellent opportunity for individuals with strong business acumen and management skills.
This resale offers a chance to positively impact the lives of children without requiring prior sector experience, making it an ideal opportunity for potential owners.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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