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New 24 Hour Franchised Gym 1000+ Members For Sale

Somerset
Asking Price:
£200K - £500K Furniture / Fixtures and Inventory / Stock included
Turnover:
£200K - £500K
Net Profit:
£50K - £100K

Equipment all brand new state of the art kit. This business is a MUST SEE and a great opportunity for an investment. I have done all the hard work by setting the business up. It has only been open for a month and has over 1000 members already.

The business does need any major improvements for 5 years minimum. Rent is 10 years with the landlord and have 10 months rent free.

Staff are all in place and so are all the accounts.

This would be a very easy transition as you would just need to purchase the company, staff have already been trained and can run the business by themselves.

All the relative paperwork has been done. Have a contract with local paper for advertising for the whole year. Have had various media release from several other outlets as well as the BBC.

Provide further info on request.

This opportunity only arises due to personal reasons and moving abroad.

Property information

Property:

Leasehold

Lease Terms:

10 month rent free period, 10 year break clause.
20 year lease.

Leasehold Rent:

£30,000 per annum

Location:

Business Park

Premises Details:

Building shared with other offices

Size in square feet:
4,500

Business Operation

Expansion Potential:

Massive influx of extra 10k people in the area in the next few years. Other gyms in the area very likely to close down this year.

Competition / Market:

Total 13 gyms in the area. One other 24 hour who has opened up at the same time and with similar numbers. The smaller ones in the area are all struggling as we both have opened.

Reasons for selling:

Moving abroad.

Trading hours:

24 hours

Employees:
11
Years established:
0

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Have to read terms of franchise agreement.

Other Information

Support & training:

Franchise provide all the support

Financing available:

Financing has already been done for all equipment and can be transferred over if you have good credit rating.

Furniture / Fixtures value:
£600,000 - included in the asking price
Inventory / Stock value:
£2,000 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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