Gyms for sale in Sunderland

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Ian McGregor (Nov 2013)
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Freehold Price: £280,000 Price Reduced Leasehold Price: £80,000 Price Reduced Turnover: £55,000 Gross Profit: £50,000
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Business Description
Hilton Smythe is delighted to welcome to the market this well-established and busy health & fitness centre in Sunderland, Tyne & Wear.

The business was established by our client in 1998 and is only now being offered to the market due to our client’s other business interests. The business operates 7 days per week and generates a turnover in the region of £55,000 per annum, with a gross profit of approximately 91%.

The gym offers an extensive range of weights equipment, free weights, treadmills, rowing machines etc. which is worth over £100,000. The business has built up an excellent reputation within the area for the high quality of the equipment and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel the turnover could be increased by a hands on owner being in place and extending the opening hours, especially at weekends, as it is currently being run at a pace to suit out client. A new owner could also embark on a modest marketing campaign to highlight the excellent services offered. The business would further benefit from the launch of a website to promote the service offered.

This is an excellent opportunity for a new owner to take this profitable gym business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Premier Health & Fitness occupies substantial lower ground premises, ideally located within the city of Sunderland, Tyne & Wear. The business is surrounded by a wealth of complimentary shops and businesses including a snooker hall, a public house, a supermarket and general retail businesses including cafes and sandwich bars. The area is surrounded be densely populated residential areas, from which the business derives much trade.

Sunderland is a city in Tyne & Wear and is situated at the mouth of the River Wear. Sunderland is the 13th largest city in England and according to the 2011 census it had a residential population of 275,506. Attractions to visitors to Sunderland include the 14th century Hylton Castle and the beaches of Roker and Seaburn.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. There is a Metro station opposite the business. Sunderland railway station is approximately one mile away. The area is also well-served by the A-roads, with the A1231, A183 and A690 all being within easy driving distance, which link to the national A-road and motorway networks. Newcastle upon Tyne is approximately 12 miles away and Durham is 13 miles away.

Substantial lower ground floor premises, in an ideal trading position, briefly comprising:

Ground floor with:

Main entrance with stairs leading to lower level gym.

Lower ground floor with:

Large open plan gym area.

Reception area with small retail stands behind.

Full mirrored walls.

Men’s changing room.

Ladies changing room.

Rear exit to street level.

Over £100,000 worth of equipment including weight machines, free weights, treadmills, rowing machines etc.

A full list of equipment will be available.

External with:

Very well signed.

Fully alarmed with CCTV.

We are advised Freehold.

A leasehold option is available at £80,000 + SAV

Lease to be negotiated.

The business operates:

Monday – Thursday: 8.00am – 9.00pm

Friday: 8.00am – 8.00pm

Saturday: 8.00am – 1.00pm

Sunday: 9.00am – 12.00pm

The business is owner run and managed with 1 x part time staff member and family members.

The business generates a turnover in the region of £55,000 per annum, with a gross profit of approximately 91%.

Tenure: Freehold, Leasehold

Listed by: Hilton Smythe
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