Established Ladies Fitness Centre In Lancashire For Sale

Business description

The particular highlights of the business are:
Modern looking well equipped large gym.
Well established client base with ever increasing membership.
Fabulous financial projections with strong net profits.
Large building with opportunity to expand into support services, i.e. Salon, Beauty Parlor, Sunbeds, etc.
Excellent opportunity for experienced gym manager or someone new to the industry.
The benefit of being part of a nationally recognized brand and franchise network.
Full Franchisor support and head office assistance.
Long lease on favorable terms – see lease details below.
Excellent opportunity for buyers with little or no business knowledge.

History
Phoenix Business Transfer Agents are delighted to place onto the market this exceptionally presented ladies only Fitness Centre. The business is being sold as a Franchise Re-Sale which includes the added benefits of nationwide branding and franchise support. The owners now wish to sell the business due to relocation commitments.

Services
The business is predominantly a Ladies Only fitness centre/Gym, however there is huge opportunity to attract and develop the business by introducing associated products and services. The centre is fully equipped with the latest fitness equipment and provides a relaxed and inviting environment for members. The membership has grown steadily throughout the term and boasts 250 plus fee paying members, with opportunity to expand further.

Staffing
The concern employs 2 members of staff, of which one being full-time and the other part-time.

Owners Role
The owners’ role is very much managed on a part-time basis not having much involvement with the day-to-day running of the centre. The owner does however have specific functions, primarily that of accounting/financial, marketing/development, Franchise responsibility, and generally oversee the operation of the business.

Marketing
The business benefits from a recognised nationally marketed brand. The franchisor extensively provides nationwide brand awareness campaigns and assists with marketing material and local campaigns. The business does spend time and money developing the brand locally using proven techniques and avenues.

Competition
Within the town there is another ladies only gym, but is regarded as not offering the same levels of service as this centre. By introducing new associated products and services this centre would have a very clear advantage of any locally offered competition.

Market
The business benefits from an established but growing membership of more than 250. The town provides excellent scope to develop the membership comfortably. The premises offer excellent opportunity to provide additional products and services, that would potentially increase the footfall and membership numbers.

Opportunities
The concern has potential. In particular the turnover and profits can be increased by:
Introduce new associated products and services, i.e. beauty salon, hair salon, sporting goods shop, etc.
Introduce a tanning centre.
Increase the opening hours.
Reduce the staff count and change the model to owner/manager.
Excellent opportunity for husband/wife or partnership scheme.
Increase the marketing campaigns to develop the membership and footfall.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made. The franchisor also offers comprehensive business training to assist with the integration of the business which makes this opportunity excellent for clients with little or no business knowledge.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 12-years with 11-years remaining. There is a three yearly review. The current rent is £14,000 per annum and the business rates are £6,760

Leasehold rent:

£14,000 per annum

Location:

Main A road location with high visibility.
High levels of passing trade.
One of the largest towns within Lancashire.
Onsite private parking facilities.
The town has extensive facilities for example excellent schooling, leisure facilities, pubs, restaurants, etc..
The town generates high levels of repeat local trade.
The town is renowned for being affluent and vibrant.
Excellent all round access and security.

Premises details:

The property is centrally located on a main A route into the town. The property is a large commercial unit on the main road and offers onsite parking facilities. The property has extensive signage and is highly visible for passing trade.

The interior of the building is well equipped and modern looking. The reception area offers a welcome desk and a seating area, from which the fitness suite and ancillary units are located.

The fitness centre itself is extremely large and offers excellent opportunity to increase the equipment already installed. The machines are modern and well maintained.

There is a coffee shop with seating which offers possible expansion.

There are several rooms/units which could be used for alternative products and services.

There are toilet facilities, kitchen area, changing rooms, etc..

Business Operation

Expansion potential:

The concern has potential. In particular the turnover and profits can be increased by:
Introduce new associated products and services, i.e. beauty salon, hair salon, sporting goods shop, etc.
Introduce a tanning centre.
Increase the opening hours.
Reduce the staff count and change the model to owner/manager.
Excellent opportunity for husband/wife or partnership scheme.
Increase the marketing campaigns to develop the membership and footfall.

Competition / Market:

Within the town there is another ladies only gym, but is regarded as not offering the same levels of service as this centre. By introducing new associated products and services this centre would have a very clear advantage of any locally offered competition

Reasons for selling:

Relocation

Trading hours:

Monday – Thursday 09.00 – 19.00 hrs
Friday 09.00 – 17.00 hrs
Saturday 09.00 – 13.00 hrs
Sunday – closed.

Employees:

The concern employs 2 members of staff, of which one being full-time and the other part-time.