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Boutique High Intensity Physical Fitness Studio For Sale

City of London, London
Asking Price:
£275,000
Turnover:
£440,000
Net Profit:
£100,000

This is an excellent opportunity to purchase a high end boutique gym/physical fitness centre based in the City of London.

The vendor created this high intensity interval training (HIIT) centre in 2014, obtaining approval from a main city landlord. The premises were completely refurbished and fitted out to an exacting high standard. This concept training facility is unique to the area and offers various gym equipment with £140,000 having been spent on running machines alone. HIIT has become a popular way to burn more fat and is a training method that is effective for many people. Results can be achieved spending less time in the gym with great results, a great recipe for working people.

Based in the city the studio now attracts in excess of 800 clients per week for training classes or personal fitness sessions on a pay as you go concept. The target market being city workers who can train before work, during lunch or after the working day.

Customer Service:

The studio offers a revolutionary training program which is very intense and proving to be very popular. The staff create a very friendly and amiable environment in which to workout. One to one personal training with fully qualified, experienced and popular personal trainers ensures a regular and happy clientele.

Key Strengths:

The quality and prominence of the location cannot be overstated along with the comprehensive facilities. The business is now established and popular with a strong and growing customer base of regular clients.

The club has developed an outstanding reputation for service, delivered through highly knowledgeable and experienced staff in a fun and social environment.

The result of the combination of popular training concept, excellent training equipment and social environment is a clear competitive advantage.

Financial Information:

The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Projected 2016 accounts;

Turnover circa £440,000

Gross Profit c£130,000

Net profit c£100,000

Net asset value £60,000

Property information

Property:

Leasehold

Lease Terms:

The premises are leasehold for 10 years with a 5 year break clause. Annual rent is £45,000 per annum.

Premises Details:

Location is the key word here. Situated on a lower level in an office building in the middle of the city, this high intensity fitness centre attracts many city workers. Investment has been made on fitting the centre out to a very high standard as would be expected for the location.

The centre is secured with an alarm and CCTV installed.

Business Operation

Expansion Potential:

The business has an excellent market outlook and additional marketing should certainly increase the customer base in the future. Physical Fitness is continuing to be a popular past time. This business is situated perfectly for the many office workers in the City who wish to improve their physical fitness and stamina.

Competition / Market:

The business has a professional website where classes can easily be booked on line and uses popular social media sites.

Reasons for selling:

The vendor has built a strong business but now feels he has taken it as far as he can. Additional investment would benefit the business. He is now looking at a new venture where he can spend more time with his young family.

Trading hours:

Open 7 days per week

Mon, Tues, Wed 6am - 9.30pm

Thurs, Fri 6am - 8.30pm

Sat, Sun 9.30am - 1pm

Employees:
The owner employs qualified and professional instructors. Two are full time and one part time.
Years established:
02

Other Information

Support & training:

The vendor is happy to provide support and training for the new owners, if required.

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