Few gym opportunities such as this come to the market: presenting a superb opportunity to purchase a well established, profitable gym branded under a well-regarded global franchise.
Having established the club 8 years ago, the owner now wishes to divest to focus on other business opportunities.
The club is profitable, with a stable and substantial membership base, good online reviews, and is located in South East London, with no significant competition in the vicinity.
Importantly, the lease has another 8 years to run with no rent increase, and the rent itself is extremely competitive for London.
The gym spans 6200 sq ft and has two studios; very good quality and comprehensive cardio and resistance and free weights equipment.
Please note the franchisor will require a remodel at the end of the year, the cost of this has been accounted for in the highly competitive asking price. A new club will cost approximately £1 million to build from scratch, this is your opportunity to purchase an existing, profitable club at a much lower price. There exist significant upsides to growth through the remodel which will drive membership increase as well as justify membership price increases as the current membership price is below competition.
A detailed prospectus and financial accounts are available for genuine expressions of interest. Owner invites serious expressions of interest only and will require NDAs to be signed prior to releasing any information.
