Ladies Only VIP 30 Minute Circuit Health Club For Sale

Business description

Ladies Only VIP 30-Minute Circuit Health & Fitness Club

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.

This established ladies-only gym offers 30 minute circuit sessions with VIP treatment for all its members whatever their age and levels of ability. The gym has members who range in age from 15-86 years.

The club currently has an active membership or circa 1400 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 2200 square feet and is divided into the following areas:


1. Ground Floor entrance with stairs leading up to first floor reception area and main gym.
2. Reception – with a seated area to relax and have a drink after a workout.
3. Main Gym
4. Toilets
5. Assessment Room
6. Staff kitchen
Equipment:

The gym has a comprehensive range of specialised gym equipment carefully selected to support the unique ladies circuit it provides. Equipment is circa 3 years old and is by leading manufacturers such as Keizer and Hur. The business also has its own computer management system as well as a database and phone package. A full inventory of equipment can be provided if so required. Estimated value is circa £15,000.

Customer Service:

This particular business prides itself on the levels of attention it provides its ladies and this is reflected in the high membership levels the gym enjoys. It constantly monitors members and regularly re-assesses their performance, goals and achievements. Furthermore the equipment and circuit this gym uses ensures a 30 minute VIP circuit really is just that, 30 minutes!

The Franchisor is a member of the Fitness Industry Association. This is the nation’s industry body of gyms and leisure centres. FIA Membership ensures compliance with all relevant standards, guidelines and regulations through a code of practice. The Code is designed to ensure that health and fitness operators maintain a basic level of practice to ensure the safety and wellbeing of their customers. This business takes this commitment very seriously and this is reflected in the levels of service and advice clients receive.

Key Strengths:

• Unique ladies only 30 minute circuit
• Well established name and brand
• Spacious premises
• Good location
• Strong membership
• Good equipment
• Excellent reputation
• Stable and professional staff
• Limited competition
• Head office marketing and management support at low ongoing cost.
• Room for expansion

Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The busines is growing year on year with turnover circa £190,000 p.a. Resultant adjusted net profits circa £35,000. All equipment, fixtures and fittings included within sale circa £15,000.

Property information

Property:

Leasehold

Lease terms:

They are leasehold. Current lease is a 10 year one with a 5 year break. The current rent is circa £25,000.

Location:

The premises are full of character and beautifully appointed and highly accessible. They are leasehold. Current lease is a 10 year one with a 5 year break. The current rent is circa £25,000. All services are connected to the building.

Other information

Expansion potential:

This particular franchise has only been trading 3 years but 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.

Competition / Market:

The business advertises in local papers and local magazines as well as undertaking street canvassing, which is highly effective. This gym has also built relationships with some key retailers in the city by offering free health checks and trials to their customers as incentives. In addition to this the business benefits from the franchisors’ website and marketing campaigns which include the provision of company brochures, posters, etc

Support & training:

The owner will provide a seamless handover for a period to be agreed as part of the sale process. This should be relatively straight forward as the owner has little input in the day to day running of the company. The new owner will also have the continued support of the franchisor

Reasons for selling:

The vendor has other business interests outside the area they need to develop.

Trading hours:

Monday – Friday : 0900-2000
Saturday/ Sunday: 0900-1400