Excellent Leasehold Gym In Birmingham For Sale

Business description

Excellent leasehold gym - west midlands
Advised annual turnover of £90,705 with good GP returns
Ideal trading location in Kings Norton, Birmingham
Situated in a densely populated residential area
Very well equipped and appointed throughout
Early interest and viewing is highly advised
Sale price includes all fixtures and fittings
Ideal lifestyle change opportunity
Superb first business venture
Leasehold


Business History

We are delighted to offer for sale this excellent gym which has a proud history dating back to 1981. Since 2004 it has been owned and run by our clients who are only now placing it onto the market due to their desires for retirement. The gym which is run and managed by our clients with the assistance of staff achieves a very respectable advised annual turnover of £90,705 which is derived from club memberships. Our clients have gone to considerable expense and effort on the clubs presentation which has resulted in a well presented facility that is a pleasure to visit. Our clients are very generously including all fixtures and fittings into the sale price which is a big plus for a new owner as additional funds will not need to be spent for the foreseeable future. This is a highly commercial gym with a large free weight section, CV section and a sizable exercise studio which hosts a range of classes and exercise programmes. We would like to urge very early interest in this opportunity as businesses of this calibre rarely appear onto the market.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 15 years
Remaining: 9 years
Length of lease can be increased
Rent: £28,000pa

Location:

This superb leasehold gymnasium has an ideal trading location situated in the area of Kings Norton which is part of Birmingham. The club is located on a well presented commercial estate which offers good parking facilities, excellent security and a large open plan space. The local area is very densely populated with residential homes which gives the club a large customer base within a short travelling distance. Kings Norton is a very desirable and popular south Birmingham area which has everything you would come to expect from a modern and thriving city suburb. Kings Norton also benefits from having very easy access to the M40, M42, M5 and M6 motorways making visiting and commuting very easy.

Premises details:

Well presented open plan gym with split level mezzanine floor, breifly comprising:

GROUND FLOOR
Highly visible property signs with secure entrance leading to: Open plan gym area with split level mezzanine floors, reception/welcoming area, chilled serve over counter and fitted kitchen.

Club membership computer system
Seating/relaxation area

Weights area - Large free weights area with bars, bells, benches, presses and cables

Male changing room - Lockers, showers, toilets, sauna Disabled toilet

Female changing rooms - Lockers, showers, toilets, sauna disabled toilet

Management office - Seating 2-3 desk chairs and paperwork storage

Stairs to mezzanine levels

FIRST FLOOR
CV exercise area - Bikes, rowers, cross trainers, walkers, running machines and resistance

Exercise studio - Open plan studio with removable punch bags, balls and mats

EXTERNAL
Front car parking for 15 + vehicles
Overspill estate parking spaces
Side gym seating area

Business Operation

Trading hours:

Monday: 7:30am - 9:30pm
Tuesday: 7:30am - 9:30pm
Wednesday: 7:30am - 9:30pm
Thursday: 7:30am - 9:30pm
Friday: 7:30am - 9:30pm
Saturday: 9:00am - 2:30pm
Sunday: 9:00am - 2:30pm