Established Newcastle Gym with Loyal Membership Base and Growth Potential for Sale
Newcastle upon Tyne, Tyne and Wear
- Status
FOR SALE
- Advert ID
619889
- Leasehold: £40,000
- Rent: £15,600 (£1,300 per month)
- Turnover: On request
- Profit: On request
Key Features
- Unique Business
- Central Position in Affluent Village
- With Car Park
- Established Business
Business Details
Well established gym for sale
Located in the heart of a charming and popular village, is a well-established community gym. This fully equipped facility has been faithfully serving its members for over two decades, embodying a rich tradition of commitment to health and fitness.
The fitness facility boasts a comprehensive cardiovascular room, a dedicated resistance training room, and a versatile studio space. It currently operates as an open gym and offers personalized training packages, as well as group exercise classes. The current setup presents ample opportunities for further growth and enhancement of the gym's services.
The gym prides itself on having a long-standing client membership base. This extensive client retention reflects the gym's dedication to delivering consistent, high-quality services to its fitness community.
In addition to the fitness amenities, the gym premises also include three spare rooms. These rooms provide a supplementary source of income. One room is currently rented to a long-term tenant operating a lash specialist business. The remaining two rooms have been fully refurbished and are ready to contribute additional income when rented out.
The gym stands out for its spacious and well-equipped cardiovascular and strength training areas. Gym-goers can optimize their workouts with an extensive range of modern gym machinery. The gym also offers a varied collection of weightlifting equipment including free weights, barbells, and dumbbell sets.
For group workouts, the gym boasts a space with multiple stationary bikes and sufficient room for fitness classes. There is a functional training zone as well, featuring fitness accessories like stability balls, resistance bands, and a boxing bag. With clean, appealing interiors and dedicated rooms for office space or personal training sessions, this gym is a unique combination of fitness and business opportunities.
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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.
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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.
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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.
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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.'.
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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.
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