Health & Fitness Gymnasium And Internet Cafe For Sale

Business description

Smartly presented and well fitted Health & Fitness Gymnasium and Internet Cafe for sale located in a parade of shops on a busy road with a well populated surrounding catchment and close proximity to the University Campus in the prosperous Berkshire Town of Reading.

The Parade Premises fronted by a deep pavement forecourt are located close to a public car park and have been the subject of total refurbishment within the last three / four years which included a rear extension, double glazing and a new roof.

Ground Floor:- Entrance / Reception (circa 15’5” x 29’4”) with four station Internet Café Bar together with Fitness Training Area to the rear equipped with three ‘Precor’ 846i and three ‘Precor’ 956i training units, four wall mounted flat screen TV’s, simulated wood strip flooring, inset spotlighting, air-conditioning, background music, etc.

To the rear is an additional Training Room (circa 31’ x 9’ average) equipped with seven ‘Precor’ training units (i.e. seated leg press, abdominal isolator, seated leg curl, leg extension, shoulder press, inclined chest press) again with simulated wood flooring, inset spotlights and background music.

Two Showers. Two Cloakrooms (each with wb and wc).

First Floor:- Additional Three Training Rooms (circa 26’5” x 15’9”, 16’5” x 10’6” & 13’ x 8’).

Room One (the larger room) is equipped for weight training with a comprehensive inventory of hand and bar weights with various bench units, slip resistant flooring, inset spotlighting, wall mounted TV, double glazed windows.

Room Two is equipped with a ‘Concept 2’ rowing machine, a ‘Precor’ 576i cross ramp trainer, two ‘Precor’ 846i trainers, mirror panelling, simulated wood strip floor, inset spotlights, background music.

Room Three - Ladies Training (at rear) equipped with ‘Precor’ 576i cross ramp and ‘Precor’ 965i trainer, simulated wood strip flooring, inset spotlights, double glazing, hand basin, etc.).

The premises are well presented and offer a smart and attractive training venue.

We are advised that Turnover is currently around £5,000 per calendar month with membership £27.99 per month or “Pay as You Go” at £4.50 per visit.

PURCHASE OPTIONS

1. Price required for the goodwill, fittings, fixtures, utensils and equipment together with the Freehold property:- £400,0000
OR
2. Price for goodwill and equipment on lease:- £100,000

Property information

Property:

Freehold

Lease terms:

A new lease will be granted in respect of the premises for a term of 10 years at a rent of £16,000 per annum exclusive of rates subject to 5 year review.

Leasehold rent:

£16,000 per annum

Business Operation

Trading hours:

8.00a.m. to 10.00p.m. daily; 10.00a.m. to 8.00p.m. Saturday & Sunday

Employees:

The business is run by a working owner (part time) together with a part time assistant manager and two self employed personal trainers