Well Established North London Women Only Fitness Club For Sale

Business description

The business was established 18 years ago and has always been run as a women-only club. Externally, the building is very attractive and unusual and is situated in a fairly affluent area. There is a large bright studio with vaulted ceiling; fully equipped gym; changing area with showers, sauna and steam room plus an office, treatment room for massage and beauty therapists and a sunbed room. All equipment is owned. There is ample staff parking with space for 4 – 5 cars in a private yard. The interior can be refurbished to suit the new owner.

There is a large client base with many long-term members and capacity to significantly increase numbers. There are no similar businesses in the immediate area.

The present owner (of 8 years) is planning retire and move abroad and is offering the business for sale with a 4 year lease (can be renewed). The owner is willing to provide after-sales support for several months if required.

Property information

Property:

Leasehold

Lease terms:

12 year lease with 4 years remaining. Landlords will allow renewal or extension of lease.

Location:

High street; situated off the road in an attractive mews yard.

Other information

Expansion potential:

Internally the building can be completely refurbished if required. There is also an excellent retail opportunity.

Competition / Market:

Closest competition 2 miles away.

Support & training:

Seller can offer after-sales support and advice for up to six months. The club is very friendly environment with many happy long-term members and the seller can continue to teach studio classes/sell memberships/instuct in gym if required.

Reasons for selling:

Retirment and plans to move abroad

Trading hours:

Mon - Fri: 7am - 9.30/10pm Weekend: 8.30am - 5pm