Hilton Smythe welcomes to the market Ladies Health and Fitness Gym, a well established and popular ladies gym located in Bolton. The gym was taken over by our client in early 2018 and is now looking to move onto another business venture.
The Business is situated in a large mill with ample space and scope for expansion, currently comprising of a Cardio gym with cast iron bodybuilding equipment and fitness machines, Separate training room for classes, sauna, Private beauty room and upstairs weights room.
There are currently around 60 members, plus the ‘pay for the day’ customers. The current membership prices are £30 pcm, £70 for 6 months, and £175 for 12 month. Day passes are £5 per day.
The business has ample scope for improvement such as sub-letting the rooms, renting to Personal Trainers, yoga and aerobics classes etc. Early viewing is highly recommended, to see the scale of the growth potential for this business.
We believe this is an ideal purchase for a sports enthusiast with passion and drive to fully realise the potential of this exciting business venture.Location
The business is located on Chorley Old Road, Bolton.
The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of passing trade.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.
The area is also well served by the A-roads, with the A666 being within easy driving distance of the business, which links to the M60/M61 motorway network.Premises
The Gym is situated within a large commercial property, on Chorley Old Road, Bolton.
The premises is well presented with good signage and fully equipped to suit the trade.
At the entrance is the reception area with desk, flat screen tv, seating area and glass display stand.
To the right of the reception is the cardio room containing:-
4 x CT800 Spirit Fitness treadmills
2 x CU800 Pro Fitness exercise bikes
3 x CE800 Spirit Fitness cross trainers
Beauty room - potential to rent out to sports therapist, make up artists etc
Large work out room with laminate flooring containing Vibra plate, 2 x Mirafit steppers, battle ropes, punch bag.
Shower and changing facilities containing Zuki Cabin Sauna.
Weights room containing York Curl mate bench and stand, Spirit fitness rower, Spirit dual function leg machine, Spirit dual function peck machine, Spirit dual function thigh machine, abs roller, ample York weights, dumbells and kettle bells.
All equipment is included in the sale. Asset value is around £30,000.
At the front of the gym is a court yard used for staff parking.
The premises is secured with CCTV, metal shutters and window bars.Tenure
We are advised the premises is Leasehold.
We are advised the current annual rent is £7,800 per annum.
The business benefits from being rates exempt.Hours
Monday to Friday 07.00 till 21.00
Saturday 08.00 till 16.00Staff
The business is owner managed with 1 staff member.Financial Profile
The business reports a turnover for the last year of approximately £27,000.