Asking price: £89,950

Sales revenue: £52,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
WELL ESTABLISHED GYM AND FITNESS CENTRE - NORTHAMPTONSHIRE
Fully computenised membership & accounts system in place
High membership numbers with AMC recruitment drive
Town centre location with ample free parking
Turnover £52,000 pa with growth potential
Ideal opportunity for fitness instructor
Spa, sauna & steam room facilities
Facilities over two levels
LEASEHOLD



Business History

Meridian Business Sales are delighted to be able to offer to the market this well established and profitable gym and fitness centre. The gym has been established in the centre of Burton Lattimer since 1999 and in this time has established itself as a high quality local business. Our client has owned the business since 2005 and only now wishes to put the business onto the market due to their desire to take a well earned retirement. Since our clients took ownership of the gym they have continually upgraded the equipment plus the quality of the surroundings culminating in a true walk-in and trade business opportunity. Our clients have marketed and advertised the business through a professional website, yellow pages and have a lucrative tie with the Associated Members Club. They provide a free of charge member's recruitment drive on a by-annual basis the next scheduled for August 2010. This brings to the gym high levels of membership numbers plus additional revenue. Our clients inform us that the current turnover is £52,000 pa at a high gross margin. This is derived from offering a gym and fitness program with spa and sauna facilities to an annual and monthly fee paying membership and also casual day clientele. The membership currently runs at 595 in total. Meridian Business Sales urge urgent viewing on this business to fully appreciate the quality and growth potential.

Property: Leasehold

Lease terms
Leasehold New lease negotiable Rent: £6,000pa

Living accomodation
Well presented and equipped gym and fitness centre on a split level ground floor trading area briefly comprising; Reception desk and office facilities to include computer printers & filing. Sauna room with full modern sauna. Steam room. Spa pool Therapy room with desk and chair plus therapy table. Locker room and changing rooms for both ladies and gents Separate area for exercise balls. Upright tanning room with lockers and changing facility. Main gym with a variety of equipment to include weights, treadmills, steppers, sprint bikes, vibrating plates. A more extensive equipment list available on request. External Courtyard and free parking to the front of the property.

Location
This well established gym and fitness centre is located in the centre of the affluent and picturesque town of Burton Latimer in Northamptonshire. There is a mass plan building scheme already under way between the nearby town of Kettering and Wellingborough as well as Burton Latimer, providing further membership possibilities for the gym. There is ample free parking to the front of the property and also in the nearby Sainsbury car park where there is an agreement in place that the local people can use this car park without charge. Burton Lattimer and the surrounding towns and villages are renowned for the period stone build houses and picturesque countryside giving the name to Northamptonshire as the rose of the Shires. Kettering, Burton Latimer and the surrounding area has strong road and rail links with main line station from Kettering and access via the A6, A509 and A14 trunk roads.