Gyms for sale in Cramlington

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Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £99,995
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Business Description
Well Located & Established
Annual T/O £108,000
2015 Balance Sheet Approx £34,000
Spacious Premises
EBITDA Approx £30,000

Blacks Brokers are delighted to bring to the market this long established and well located gymnasium in Cramlington, Northumberland. Changes Health and Fitness was established in 2008 by our client, with a similar business being at this location since approximately 1986. The business is a well-known part of the local community, located on High Pit Road on the outskirks of Cramlington, it is easily accessible and benefits from a large car park directly outside. Offered now for sale due to family commitments, our client has created a rare opportunity to acquire a fully established, busy gymnasium with excellent turnover and gross profits.

Changes Health and Fitness Centre is housed within spacious 2 floor premises within Units 4 - 5 and the first floor of The Old Co-Op Building. On arrival, the size of the centre can be appreciated,with the large car park an obvious advantage. The business is well branded with clear signage that is displayed well and advertisements of products and services that are offered within. Inside, you are greeted by a large, well presented welcoming coffee bar area with customer service desk and comfortable seating. The coffee bar/ reception then leads to a Ladies only gymnasium which is an obvious USP. The Ladies only area has a range of Cardio Vascular machines and air powered machines for various body parts. In addition to the ladies only gym there is a large studio with a wooden sprung floor that is used for a wide range of classes including body pump, zumba, boxing, kettlebells and pilates classes. There is a staircase to the Ladies changing facility and a large storage room housed between the two levels. The largest area of the club is the impressive mixed gymnasium, accessed via a separate entrance for the men. This area contains over twenty weight stacked and plate loaded resistance machines, a large free weights area with dumbells up to 65kg, squat racks and various benches.

There are eighteen cardio machines situated along the back wall of the area. Also on the top floor is the unique 'Revolution spinning lab' which houses twenty state of the art spinning bikes with magnetic resistance and provides an energetic, disco feel room . Also on the first floor is an office, Mens changing facility and sauna. All areas are spotlessly clean, with members attracted by the clean, high quality equipment and friendly, knowledgeable staff. This opportunity is exceptional, with a relatively low rent for a building of this size and a high turnover, this proposition is very exciting. The club boasts an excellent 400 members, 275 of which pay their fees via direct debit. Early viewings are a must, as a business of this calibre is rarely offered on the open market. Call our sales team now to book your viewing, early completion is highly anticipated.

4 Cross Trainers

4 Tread Mills

3 Bicycles

10 Air Resistant Machines

Body Pump Equipment

Boxing Equipment

22 plate/ stack loaded machines

11 cardio machines

Large free weights section

22 spinning bikes
Trading Hours:

MON - THU: 07:00 - 21:00
FRI: 07:00 - 20:00
SAT: 08:00 - 15:00
SUN: 09:00 - 14:00

Tenure: Leasehold

Accommodation Details:

Reception Area
Aerobics studio
Ladies only gym
Coffee bar
Spinning studio
Large mixed gym
Changing areas

Location Details: Cramlington

Leasehold Term: Rent: £462 Per Week

Listed by: Blacks Business Brokers Limited
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