Leasehold Fitness And Beauty Gym Kingswinford West Midlands For Sale

Business description

The particular highlights of the business are:
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £72,000 with a net profit of £40,000+. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because of time and workload constraints. .
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this fitness and beauty gym which has been established since the middle of 2006. The business has been in the hands of the current owner since that time and she now wish to sell due to her wanting another child.

This very good business opportunity provides fitness and beauty treatments to members and paying guests.

The concern employs three members of staff.

The owners’ role is quite hands on and she works full time.

The owner markets the business through a small amount of local advertising but mainly word of mouth and has a website.

As far as competition is concerned there is a similar establishment in a neighboring town.

The client base consists of men and women of all ages.



The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include late evenings
• Increasing the product line to include both beauty and male products
• With an enhanced website.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property Details
The property is detached with rendered elevations and its own parking. The main customer service area is laminated both on the ground floor and first floors. It is very well presented and is very conveniently laid out.

The vendor has carried out extensive improvements including decorating throughout and fitting a new kitchen and bathroom.

To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.

First Floor
On the first floor there is two good sized treatment rooms.


External
To the front there is Market Street
To the rear there is parking.

Financial Details
The turnover for 2008 was £72,000+ and a net profit of £40,000+. The present value of the stock is £500 and the fixtures fittings and equipment are worth £10,000.

The potential turnover of the business within the next 2 years is forecast to reach £100,000+ given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Trading Hours
The business operates from Monday to Friday between 8:00am and 8:00pm. On Saturdays the hours are 10:00am to 2:00pm.

Tenure
The original length of the lease was 3 years with 9 months remaining. The rent is £13,312.

Viewings
The owners are available for viewings at any time with prior confirmation

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 3 years with 9 months remaining. The rent is £13,312.

Location:

This superb business opportunity is situated in the town of Kingswinford in the West Midlands. It is on a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.

The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates nearby.

The location is well linked with the A491 and A4101. The business has clientele from a 5 mile radius. The locale offers a good lifestyle opportunity.

Premises details:

The property is detached with rendered elevations and its own parking. The main customer service area is laminated both on the ground floor and first floors. It is very well presented and is very conveniently laid out.

The vendor has carried out extensive improvements including decorating throughout and fitting a new kitchen and bathroom.

To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.

First Floor
On the first floor there is two good sized treatment rooms.


External
To the front there is Market Street
To the rear there is parking.

Other information

Competition / Market:

As far as competition is concerned there is a similar establishment in a neighboring town

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Trading hours:

The business operates from Monday to Friday between 8:00am and 8:00pm. On Saturdays the hours are 10:00am to 2:00pm.

Furniture / Fixtures value:

£10,000

Inventory / Stock value:

£500 (included in the asking price)