• WELL-KNOWN FITNESS BUSINESS

Price:

Freehold - £39,950

Seller Ref:

B33362

Location:

Cornwall, Truro

Business Type:

Commercial Property, Entertainment & Leisure businesses

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Description:

THE BUSINESS:

• CENTRALLY LOCATED WITHIN TRURO
• LARGE 1ST FLOOR WELL-EQUIPPED FITNESS STUDIO
• TASTEFUL RECEPTION, TREATMENT ROOM & SHOWER ON GROUND FLOOR
• NEW LONG LEASE
• GOOD LEVELS OF TURNOVER AND PROFIT
Motivation Fitness operates from a ground and 1st floor premises with the ground floor being given over to a spacious reception and seating area, treatment room and changing room/shower together with separate disabled wc facilities. On the first floor is the fitness studio which is a very large room (circa 600 sq ft) with a wooden floor, 2 windows to the front elevation and suitable for up to 20 persons per class. Our clients have successfully set up and run Motivation Fitness for the past circa 6 years, and are now selling due to other personal commitments. The business trades all year, offering morning, daytime and evening classes – principally from Monday through to Thursday, with several classes on Friday and one on Saturday. Full details regarding the range of services can be obtained via our clients’ website www.motivationfitness.co.uk. The trading Profit and Loss Account for the year ending April 2009 shows sales of £58,008, a gross profit of 89.4% and an adjusted net profit of £30,290 (before deducting rental of water fountain, depreciation, bank loan and interest, entertaining and motor expenses but after deducting wages to instructors of £4,405). Further accounting information and indeed clarification regarding these figures can be obtained subsequent to a viewing appointment in the normal manner.

Location Details:

Motivation Fitness is situated in Roberts Ope (a walkway behind Mannings Restaurant and Waterstones Book Shop connecting Boscawen Street and Lemon Street), which is a well-known thoroughfare. The Cathedral City of Truro is the County’s administrative, commercial and educational heart, with a diverse range of national and niche retailers, magnificent Cathedral, several gardens and sitting-out areas making it a desirable place in which to live, work and enjoy a day trip. The availability of a large space suitable for this type of business is unusual and a real boon for the clientele, given nearby parking and public transport facilities.