Leasehold Health Club in Nottinghamshire For Sale

Business description

Bag A Business is delighted to offer for sale this excellent health club, which has been in the careful hands of the current owners since 2006 and is now only being placed on the market due their strong desire to emigrate. The business has three sides, the first is the more traditional gymnasium with exercise bikes rowing machines and multi gym, the second is a personal training studio and the third is an Exten 10 piece circuit studio. The membership figures have grown year on year to the current level of 530 but these are mainly for the gymnasium, offering huge growth potential for both the personal training and the ladies only studio. The current turnover is £130,000 per annum with a gross profit of 80%, this is derived from monthly direct debit and joining fees from the current membership. Bag A Business recommends early viewing to appreciate the quality and growth potential of this business.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 7 years
Remaining length: 3 years
Review every: 3 years
Rent: £480 per week

Living accommodation:

Single storey, lock-up premises, briefly comprising: GROUND FLOOR Main entrance leading to - Reception desk and comfortable seating Main open plan gymnasium fully carpeted Precore USA equipment 1 Star Trac Multigym 4 treadmills 2 exercise bikes 2 concept rowing machines 2 cross trainers 2 steppers Tan Sun Symphony tanning booth Flat screen TVs with freeview Drinks vending machine Gents' W/Cs with lockers, showers and sauna Disabled W/C Ladies' W/Cs with showers, lockers and sauna Storage cupboard Massage room Fitness studio with relaxing water feature, fully carpeted 10 Exten fitness circuit machines Personal training studio with cross trainer, weights and steppers etc. EXTERNAL Parking spaces

Location:

This popular health club is ideally located in a prime trading position, in the centre of a busy residential area, in Nottinghamshire. It is located in a desirable and up and coming suburb of a busy thriving city, boasting good schooling and hospitals.

Other information

Trading hours:

Mon - Wed: 7.00am - 9.00pm Thu: 7.00am - 8.00pm Fri : 7.00am - 7.00pm Sat & Sun: 9.00am - 1.00pm