Gyms for sale in Ipswich

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Y. MacGregor (Nov 2017)
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Leasehold Price: £145,000 Turnover: £155,321 Gross Profit: £92,626
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Business Description
Business
Hilton Smythe welcomes to the market Grange Fitness and Performance Centre, which is a cross fit gym established by our client in 2003.

Grange Fitness is offered to the market, so our client can spend more time with the family and look into other business ventures.

Since its inception, Grange Fitness has prided itself on giving people from all walks of life and shapes and sizes the very best in health and fitness support, training and advice.

Grange Fitness is a cross fit gym and incorporates the Suffolk Punch Boxing Club, a current member of which is up and coming heavyweight boxer Fabio Wardley who has sparred with former British Heavyweight Champion Sam Sexton and Tyson Fury.

Grange fitness boasts a large membership, who come from the local area and further afield as this is one of very few cross fit gyms in Suffolk.

There is membership for the cross fit training area, gym only, boxing and for kids boxing clubs. There are also Brazillian Jiu-Jitsu classes, kick boxing classes, boxercise classes and Muay Thai classes held on site.

There has been interest from other classes to hire the space on the evenings.

Due to the classes and local reputation the membership continues to grow, and the business has 5* Google reviews, 4.9* Facebook reviews and is being sold with the website www.grangefitness.co.uk.

Despite the growth, there is still room to improve the business by,

Enhancing the sales of merchandise, in house and from the website.
Extend with another mezzanine level to add more evening classes and have more room for current classes as a lot of these are full.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Grange Fitness and Performance Centre is located in Martlesham Heath, just outside of Ipswich, the county town of Suffolk.

Grange Fitness is located on a large trading/industrial estate close to many other businesses including a Tesco Extra and BT at Martlesham Heath.

There is a main car park to the rear and there is further parking to the front for another 5 or so cars.

Premises
Outside to the front there is parking for 5-6 cars, to the rear there is a larger car park which is for the sole use of the gym.

The building is entered three different ways, the main gym has roller doors to the front and to the rear and there is an entrance door to the front which brings you to the reception area.

The main gym is set out across the ground and first floors, the ground floor being for strength training and endurance and the first floor being for boxing.

Off the main ground floor area is a room that is sublet at £400 per month for a tattoo studio.

Recently fitted out changing rooms with shower and toilet facilities. Both sets of changing rooms having two separate shower cubicles.

An office, that also double up as a massage studio and the reception area with computer system, till and much more.

A large studio room for classes.

A members’ room with soft seating, a pool table and kitchen area with tea/coffee making facilities fridge and much more.

The equipment being sold with the business is,

• 4 x sofas
• Pool table
• Massage table
• Speed ball
• Numerous framed boxing pictures
• Various head guards
• Various kick shields
• Various medicine balls
• Various boxing bags
• Gel b geezers bag
• 2 x 21-inch aqua bags
• 2 further aqua bags
• Various pads
• Various gloves
• Spar bar
• Peg board
• Chain
• Various dumbells
• Cable machine
• 4 x large mats
• Arc trainer
• Keiser bike
• Tread mill
• 2 x wooden benches
• 4 x weight benches
• Battle ropes
• Landmines
• 4 squat racks
• Numerous weights and plates
• 26 wall balls
• Assorted skipping ropes
• 3 x sleds
• Numerous weight lifting bars
• 6 x gymnasium ring sets
• Numerous bar clips
• 8 x concept 2 machines
• Numerous mats
• Numerous slam balls
• Numerous boxes
• 6 bikes
• 2 apple macs
• 12’ boxing ring
• 16’ boxing ring

Tenure
We are advised the business is being sold as a Leasehold business opportunity.

A 10-year lease from November 2016 and an annual rent of £29,000.

Hours
The business opening hours:

Monday - Friday: 6.30am – 8.30pm

Saturday & Sunday: 8am – 1pm

Staff
The business is run and managed by our client. All staff are on a self-employed basis.

Financial Profile
Grange Fitness generated an advised turnover of circa £155,321 as of the 2016/2017 accounts, with a gross profit of £92,626 and an adjusted net profit (EBITDA) of £39,283.

The accounts from 2017/2018 are to be confirmed, however, there has been a growth on turnover of approximately 15%.

The assets being sold with the business are conservatively worth £35,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04352
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