Leasehold Squash/Gym with Licensed Social Club/Night Club For Sale

Business description

This highly sucessful squash club and gym has been under the current ownership since 2004, but has been trading for over twenty years.

With a generous combination of innovative insight and entrepreneurial spirit the business has been significantly invested in, growing in its time to become a well known and valued enterprise with a reputation for the quality and variety of its facilities, location, instruction, safety and value for money.

This unique business offers customers an opportunity to spend time enjoying a comprehensive health and fitness experience, with members and guests use of the facilities flexibly offered.

The welcoming, comfortable gym is fully equipped with both machines and free weights and provides excellent facilities for aerobic exercise such as treadmills and rowers and also full changing and showering facilities.

In addition a championship squash courts for members along with a separate licensed nightclub and function rooms. The club also has a highly regarded restaurant offering traditional food every day including steak nights and Sunday carvery.

The club also offers a range of therapy treatments including hypnotherapy and reflexology, for members to enjoy and relax.

The business enjoys a prime location in Kent, and benefits from offering leisure activities for all abilities available to all ages with a welcoming attitude and also as a high quality venue for fitness needs and social enjoyment.

Equipment:

All associated gym equipment with a fully computerised system, storing over 750 members on a database.

Customer Service:

The business considers simply that happy customers come back and on that simple basis has maintained levels of facilities and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of return custom and the choice of customers as a venue for introducing themselves to or maintaining fitness.

Property information

Location:

The club is situated in Folkestone, Kent and the site benefits from CCTV security combined with a full alarm system. The premises comprise of a total of circa 13,981 square feet.

The property stands on a site extending to approximately 0.55 acres and comprises a two storey Grade II listed building, rear extension originally constructed as squash courts and onsite car parking. The property is currently laid out to provide social club, function rooms, conusulting rooms, offices, two squash courts, fitness centre and nightclub.

The lease rental for the premises will be £80,000 per annum.

Other information

Expansion potential:

Growth and Expansion:

The current market for this business’s products is stable and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Key Strengths:

The business has a unique offering in the area particularly its combination of discretion and location and this advantage is proved by the mix of regular customers from across the age range and skills & abilities returning on a regular basis.

The quality of the location cannot be overstated since its prominence guarantees access, the quality of the facilities plays no less a part in meeting customer expectation.

The business is well established and profitable, with a strong and growing customer base numbering in excess of 750 members, retaining a high level of return custom; a great many of whom having done so on a regular basis and for many years.

The company has earned an outstanding reputation for its service, casual and open customer experience, excellent quality facilities and highly knowledgeable and experienced staff. The result of this combination of strengths is a differentiation in its marketplace, allowing for the sustaining of higher margins at no loss to custom – a clear competitive advantage.

Key Opportunities:

This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business’s facilities, combined with a capacity to increase the range of facilities and turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform including the opportunity to convert the squash courts into a spin and aerobics studio, and transform the night club into a spa.

Competition / Market:

A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation. The company has an informative website, but there is every opportunity to invest in the clubs advertising to market it services more aggressively to increase turnover

Support & training:

Full support and training will be offered to the successful purchaser

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

Monday – Friday 7am – 11pm, Saturday 8 am – 11 pm. The Nightclub is open until 2am Monday – Saturday and till 10 pm on Sundays