For sale is a well-known Boutique Gym Operator with 8 fantastic sites and terms agreed for a further site. The brand trademark is well known and the brand has been established over several years.
The business model is proven with no failed sites, and given current market conditions represents a huge opportunity for rapid expansion for the right type of owner, or equally to be run as a lifestyle business by an investor looking for a strong business with established returns.
Current turnover is in excess of £800k with unit profitability averaging around 20% for the past three years.
All gyms are in fully fitted, well maintained leasehold premises in excellent trading locations. There is no debt on any of the infrastructure.
Properties are in lease with excellent terms and attractive rents and are held in individual limited companies with no guarantors beyond the company itself.
Rates are attractive due to existing and future allowances on Small Businesses.
There are two options for expansion. One is to keep replicating the existing model and build the brand. This is a proven system and each unit can be up and running for £35k or below per unit with expected profitability circa £25k per annum or upwards. Because of the initial spikes in membership levels, it is likely that costs will be more than recouped within the first year of trading for each unit.
The other option is to operate as a franchisor in which case the investment cost will be negligible with huge scope to grow the business at a pace. There is intellectual property within the group that will enable the buyer to take either option.
The business has an existing excellent team in place, and the Directors can provide a full handover if required (albeit the management team can run the business day to day).
Asking price offers invited in excess of £500,000
Full sales pack can be provided upon application and signing off NDA.
Fantastic highly visible High Street Locations.