Ladies Fitness Centre In Quarry Bank West Midlands For Sale

Business description

We are pleased to offer for sale this popular ladies fitness centre, which is only now being placed on the market due to our client's ill health. The business is well-known to the local community by offering a wide range of fitness classes, treatments, weight management and body shaping, as well as tailor made programmes, which are designed especially for women. Our client has developed an excellent reputation and a loyal customer base by offering competitive rates and a fun and friendly environment, which ensures much repeat trade. New business also comes from word of mouth recommendations. The business benefits from a quality website with extensive information about the fitness centre facilities and programmed group exercise classes, as well as monthly features and special promotions. The large premises boasts spacious workout areas, which are well-equipped and maintained to a high standard. The business trades 7-days per week and generates a turnover in the region of £69,000 per annum with a gross profit of 95%. We feel that turnover could be increased by embarking on a modest marketing campaign, expanding on the website and by introducing other treatments and classes. This is an ideal opportunity to acquire a rare business, which is well-equipped and in a walk-in-and-trade condition, with scope to develop further. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 10 years
Remaining lease length: 10 years
Rent review: every 5 years
Rent: £17,000 per annum

Leasehold rent:

£17,000 per annum

Location:

Reflexions Ladies Gynasium is ideally located on a busy high street, surrounded by a densely populated residential area in Quarry Bank, West Midlands. The fitness centre benefits from ample on-street parking, nearby bus stops and there are a variety of shops, businesses and local amenities in the vicinity. The business boasts an excellent main road trading position, and enjoys a high footfall and much passing trade. Dudley town centre with all the usual amenities and attractions lies approximately 3 miles away. There is easy access to the local A-road network, via the A4100 and A4036, and the M5 motorway is under 5 miles away.

Premises details:

Ground floor lock-up premises with spacious workout areas, situated in a prime location. Briefly comprising:

Ground Floor
• Open-plan area with reception desk, glass display unit, customer seating, 8 x hydraulic exercise machines and punch bag
• Stretch area with wooden flooring, gym ball stand and 2 x vibroplates
• Shower and changing room with tiled flooring, lockers, mirrors and WC
• Staff room
• Office

External
• Owners' private parking to rear
• Ample on-street parking

Energy Performance Rating:

E

Business Operation

Trading hours:

Mon - Fri: 8.00am - 8.00pm
Sat - Sun: 9.00am - 1.00pm

Other information

Energy Performance Certificate:

• 
• View EPC Graph for this property