Gyms for sale in London

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Fantastic Boutique Gym in Plumstead

London, England

  • Leasehold Price: £10,000
  • Annual Turnover: £100,000
  • Annual Net Profit: £14,000
Seller Reference: Boutique Gym on Two floors
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Business Description
Seller Reference: Boutique Gym on Two floors
Request Details
Business Description
This business has been offered for sale within a fixed timeframe for completion prior to end January 2020 and the asking price is based on that figure. There are no catches the following description is entirely accurate but the business sale is down to the owners wishing to focus on other core businesses they own. This is a tremendous opportunity for the right person. Great opportunity for existing chain or aspiring Health Club professional to take over an existing profitable and well equipped boutique gym. The 2300 sq ft ground and lower ground premises premises is well maintained, and the business has been run as a managed hands off facility by the existing owners delivering consistent profitability. The premises is leasehold and has over 5 years remaining on the lease at a fixed and competitive level of rent (£21k per year). The business currently turnover around £100,000 deliver profit fully staffed at this level. Equipment is well maintained and is wholly owned and will be included in the sale. The business is available at a fixed price of £25,000 to include goodwill, leasehold, and all fixtures and fittings without any debt. Whilst the business is profitable, it is believed an owner occupier could take it to previous levels of profitability which for an owner operator would be in excess of £60k based on historical performance within the last couple of years.
Tenure:
Leasehold
Location Details:
Fantastic central location in Plumstead London, opposite train station with Great passing Visibility. The business is fully staffed and profitable but has huge potential having achieved profitability in recent years of £55,000 fully staffed. A huge opportunity for someone, current owners are slimming down business interests to focus on new ventures. First offer at asking price will be accepted.
Leasehold Term:
5 years+
Listed by:
The Rank Tank`
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