Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Ladies Only Health & Fitness Club With Additional Non Surgical Beauty/treatment Services

LISTING DETAILS
Firms For Sale ID:
32796
Vendor reference:
CO160
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£45,000  
Turnover / revenue:
£125,000
Net profit / cashflow:
Undisclosed
Number of employees:
5
Employees / staffing:
Staff are a real asset of this business. The business is run under management. There is a full time manager and four part time gym instructors/fitness advisors. The vendors are involved on a strategic basis and do NOT work in the business on a day to day basis.

OTHER DETAILS
Support and training:
The owners will provide full business familiarisation, training and handover as required to ensure a smooth transfer of the business to the new owners with or without a franchise licence. The period of time can be negotiated at the time of sale.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are full of character and beautifully appointed and highly accessible. They are leasehold. Current lease expires in 3 years. The current rent is circa £18,000. Rates are circa £10,000 p.a. All services are connected to the building
 
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BUSINESS DESCRIPTION
Ladies Only Health & Fitness Club With Additional Non Surgical Beauty/Treatment Services
Ref.CO160
Location Chester, Cheshire
Asking Price £ 45,000
An outstanding opportunity to acquire a truly unique and highly proftable ladies-only 30 minute circuit health and fitness club with the added advantage of national branding and head office support if required.

This established ladies-only gym offers 30 minute circuit sessions with VIP treatment for all its members whatever their age and levels of ability. Each member has their own personalised workout programme devised for them and they are regularly reviewed to ensure success.

The club has recently introduced some new non-surgical aesthetics treatments and services to members including the latest ultrasonic lipo (inch loss treatment) which is being very well received. This is already generating additional revenues for the business and revenues for this year from this new service are expected to make up some 30% of overall turnover. There is further room to expand this side of the business into a second new treatment room.

The club currently has an active membership or circa 370 and this continues to grow month on month , as do sales revenues and profitability. Attrition rate is low such are the service levels and successes members enjoy.

The club is located in a very central location within the city centre. It has good signage and good access with the bonus of a small car park to the rear. The health club itself is circa 2,200 square feet and is divided into the following areas:

1. Ground Floor entrance with stairs leading up to first floor reception area, main gym and treatment rooms
2. Treatment Room Waiting Area
3. 2 Treatment Rooms
4. Main Reception – plus waiting area
5. Main Gym Area
6. Assessment Room
7. Store Room/Spare Room
8. Toilets
9. Changing Room
10. Staff Kitchen

Expansion Potential
The vendors have been operating the gym since early 2012 but there has been a gym/fitness business situated at this site historically for many years. The business has already got an impressive membership that is growing all the time. The geographical location it serves is very densely populated. Being city centre based the gym is accessible to a large number of ladies throughout the day. Because of the unique 30 minute circuits it offers there is huge scope for expansion as there are no other gyms in the area providing this VIP circuit facility.

In addition to the core business the vendors have recently created a new treatment centre within the business and plan to introduce further treatments to the membership moving forward.

Market / Competition / Non-Competition Agreements
The business has its own highly informative website. It also has a captive database and benefits from the best form of marketing, word of mouth recommendations and referrals.