Asking price: £275,000

Sales revenue: £300,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Preferred Commercial is delighted to offer to the market this purpose built health and fitness club, which was designed and established by our client in 2003. The business is only now being offered to the market due to his wish to retire. The business generates a turnover in the region of £300,000 per annum with a gross profit of 87%. This is generated from offering a wealth of health and fitness related activities with cardiovascular, free weights and resistance equipment, numerous fitness classes, a spa with hydrotherapy beds, sauna and steam room. Also on site are a hair salon, beauty salon, sports massage and 2 dental practices, which generate a rental income in the region of £50,000 per annum. We are advised that the landlord also owns the adjacent unit offering scope to extend the facilities and car parking at a future date. The health and fitness club is in superb condition throughout and offers and extremely high standard of equipment. We feel this offers a superb opportunity to acquire a thriving business with immense potential for the future. Early discussions with Preferred Commercial must come highly recommended.

Trading hours: Mon - Wed: 7.00am - 10.00pm Thurs - Fri: 7.00am - 9.00pm Sat: 8.00am - 4.00pm Sun: 10.00am - 2.00pm

Property: Leasehold

Lease terms
Leasehold New lease to be assigned Rent: £75,000 per annum (£50,000 per annum offset by rent from 2 x NHS dental practices. Rent can be further reduced by letting out hair salon, beauty salon and nail bar)

Location
Eden Health & Fitness Club is ideally located in a prominent corner position on the Eastfield Business Park, just two and a half miles from Scarborough town centre. The business park lies just off the main A64 York to Scarborough road. There are numerous high profile blue chip companies in the vicinity and a Morrisons store, which bring much passing traffic. The business park is easily accessible by road and there is also the Seamer railway station adjacent.