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Energie Fitness Club Franchise In Portsmouth For Sale

Portsmouth, Hampshire
Asking Price:
£100K - £200K Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Available on request

Energie Fitness, 7.2K sq. ft. site, located in the heart of Portsmouth student accommodation, retail and business area,opposite the railway station. Directly across the road is the 1,000 bed Catherine House student accommodation with the 'soon to open' (Sept. 2019) 250+ student bed Stanhope House next door.

The gym opened in 2016 and has seen heavy investment over the last 3 years, going through a partial rebrand, from Fit4Less to Energie Fitness, in February 2019. The site is fitted out with high quality equipment predominantly Precor. Studio fitted for virtual Les Mills, Indoor cycling with Keiser M3i bikes, popular classes including Body Combat, Body Pump & Yoga and throughout the club there's high quality climate control; air-con and heating.

Property Information

Property:

Leasehold

Lease Terms:

The passing rent of £45,000 PA is only applicable from December 2019; there's currently a 30% reduction up until that point so tenant pays just £30,000 PA

Leasehold Rent:

£45,000 per annum

Location:

Located on Stanhope Road, Portsmouth city centre, in the heart of the student accommodation district and within walking distance to multiple retail outlets and businesses including larger employers such as the Law Courts, City Council and the Guildhall.

Premises Details:

Ground floor space, 7.2K sq. ft., including Mezzanine install.

Size in square feet:
c. 7.2K sq. ft.

Business Operation

Reasons for selling:

Owner has business interests elsewhere and club requires an owner operator that will invest time growing club to next level

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Buyer will be required to procure a franchise license on or pre-completion

Other Information

Support & training:

Franchise support including training in operational, financial and club management, membership sales, effective marketing, health and safety and customer service.

Financing available:

Once a franchisee, buyer can be introduced to all major franchise lenders

Furniture / Fixtures value:
£250,000 - included in the asking price
Website:
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