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Community Based Fitness Club In Devon For Sale

Plymouth, Devon
Freehold Price:
£280,000 Furniture / Fixtures included
Leasehold:
£20,000 Furniture / Fixtures included
Turnover:
Under £50K
Net Profit:
Under £50K

Family run fitness club, current business established back in 2009 but majority of client base moved from closure of local squash club.
Would suit fitness professionals with caring capacity.
My clients are all personal friends and seem like close family members we all help each other.
Have clients that I have trained on/off for 20 plus years,currently in new premises with parking for 9 vehicles.
Business has client base of 80-90 clients on annual,6 monthly memberships currently with 50 contractual tied members.
Would suit partnership or couple with professional approach and drive to increase membership and longevity.
Fully equipped with extensive and serviced cardio and resistance machines small free weights area.
Comes with 3x changing rooms 2x double up with power showers/cubicles.
Has a quarter floor spaced area set up as coffee shop reception area.
Business has a healthy bank account and nil debt.
The business is being offered either on leasehold or full freehold including building.
Purchase on lease is for equipment and client base all terms and website copyright.only building will be held by holding company or purchase whole business including full freehold.

Further information available upon request, please contact seller below for more details.

Property information

Property:

Available as freehold and leasehold

Lease Terms:

3,5 or 7 years will be available

Leasehold Rent:

8-10,000 per annum

Location:

UK - Devon - Plymouth

Premises Details:

Modern building 4 years old energy efficiency excellent. Low running costs with modern LED lighting. Hard wired fire heat and smoke alarms. Annually inspected and tested. Fire regulations and extinguishers all annually inspected and refilled where needed. Ready made business just sign on the line move in and start trading.

Business Operation

Expansion Potential:

For the right individuals the coffee shop and food area could be massively improved improved as we are situated slap bang in the middle of an large affluent industrial trading estate. Also scope to widen the gym and personal training provided as huge catchment area of some 25,000 thousand homes

Competition / Market:

Local competition from schools with restrictions on there opening times, closed school holidays etc. Country club 2.5 miles away shared venue with hotel. Weightlifting gym 1.5 miles away.

Reasons for selling:

Due to 2 small children and family commitments I am struggling to give the business the drive and enthusiasm that I have in the past and with child care costs mounting etc. Work life balance is suffering.

Trading hours:

Monday,Wednesday and Friday 7am-9pm
Tuesday Thursday 9am-9pm
Saturday 9am-1pm

Years established:
8 years under current format was run as part of squash club 2001- 2009

Other Information

Inventory / Stock value:
£1,200
Website:
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Related Documents:
Leasehold asking price:
£20,000 - Furniture / Fixtures included

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