Gym for sale in Gateshead Tyne and Wear with rental income and expansion potential
Gateshead, Tyne and Wear
- Status
FOR SALE
- Advert ID
651426
- Leasehold: £45,000
- Turnover: On request
- Profit: On request
Key Features
- Active membership base
- Active social media presence
- Additional income opportunities
- Diverse membership offerings
Business Details
Well established gym for sale
This well-established gym represents an exceptional opportunity for prospective buyers. With over 30 years of successful operation and a dedicated owner of 13 years, this fully equipped facility boasts a strong membership base and a prime location within a vibrant community. The gym not only serves as a hub for fitness enthusiasts but also incorporates rooms that are rented out, generating additional income. As a bonus, the facility includes its own private car park, enhancing accessibility for members and visitors alike.
Currently, the business is being offered for sale due to a change in career, presenting a genuine opportunity for a new owner to build on its existing success. The gym has a strong reputation within the community, bolstered by an active social media presence that attracts new members. This dynamic provides ample scope for expanding services and diversifying membership offerings to better cater to local demand.
In terms of amenities, the gym is strategically located near various shops and restaurants, creating a welcoming environment for both existing and potential clients. The diversity of membership offerings caters to a broad audience, making it an ideal establishment for individuals looking to engage in fitness classes or utilise training facilities. The presence of both ladies' and gents' toilets further enhances the convenience and usability of the space.
Key Features and Benefits
This family-run business benefits from a strong reputation and significant community engagement. With a myriad of potential additional income streams, prospective buyers will find numerous avenues for growth. Various multi-purpose activity spaces are available, allowing for creative expansion in offerings such as fitness classes and specialised training. The leasehold premises provide further advantages, ensuring a secure foundation for continued success.
For those interested in the management aspect, the business is versatile enough to accommodate either hands-on or remote management styles. The excellent commercial location guarantees high foot traffic, significantly increasing visibility and attracting new clientele. Given the impressive customer base and the opportunity for a smooth transition, early viewing is highly recommended for those looking to seize this remarkable opportunity.
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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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