Gyms for sale in Leeds

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Adam Warren (Jan 2017)
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Leasehold Price: £63,000 Price Reduced Annual Turnover: £78,000 Gross Profit: £72,000 Annual Net Profit: £24,000
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Business Description
Busy Main Road Location
New Lease Offered
Annual Turnover £78,000
Gross Profit £72,000
Ran Under Management
Ideal Purchase For Owner Operator
Scope To Introduce Personal Trainers
Extensive List Of Equipment
EPC - C
REF 6305 – Leasehold Ladies Only Gym

Blacks Brokers are pleased to bring to the market this leasehold ladies only gym located in a busy and popular area of Cross Gates, Leeds.

INTRODUCTION

The Fitness Mill was established by our client in 2009 after noticing a gap in the market in this area for a ladies only gym. The gym has become very popular with local residents and workers, having gained over 400 active members since opening. Almost all members are on contract with minimum sign up of twelve months – this includes use of the gym and all classes. The gym has a superb reputation and a good social media following.

LOCATION

This is situated in a busy suburb of Leeds – Cross Gates and the immediate area is mainly commercial as it’s a bustling high street. This is a parade of shops adjoining a shopping centre, other units include local shops and businesses along with large multiples including Costa Coffee and Barclays. Public transport links are excellent with Cross Gates Train Station within walking distance and parking is available close by.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but is currently operating under management due to our client being male. Therefore, the business is offered for sale and presents an excellent opportunity for a female owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. A new 5 year lease has been assigned July 2018, this will run at a cost of £203 per week.

BUILDING LAYOUT AND DESIGN

The Fitness Mill operates from the first floor or a large, mid-terraced property within a busy parade of shops and businesses. It has large signage displayed to the front and above the entrance which is at street level. Once upstairs, the gym is open plan with a range of fitness machines such as weight machines, running machines, cross trainers, exercise bikes and much more. There is also a small reception desk, upright tanning booth and changing rooms fitted with showers. All areas are well-presented with good quality fixtures and fittings in place. A full inventory is available on request.
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STAFF

The business is currently operating with a full-time manager and part-time receptionist in employment. There are three fitness coaches who run classes which are very popular. Our client is overseeing the management of the business.

FINANCIAL DETAILS

The Fitness Mill has traded solidly since opening. We are advised that the business currently has annual turnover of £78,000 with gross profit of £72,000 and a net profit of £24,000.

SUMMARY

This leasehold business is well-positioned and has a large base of active members. There is plenty of scope to develop the business further with the addition of personal training one to ones and other chargeable activities. This proposition would ideally suit a female owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are very strongly advised. Fixtures:
Cardio

Treadmills - 4 LifeFitness

Steppers - 3 LifeFitness

X-Trainers - 3 LifeFitness & 1 Matrix

Rowers - 2 Concept2 Rowers

Bikes - 4 LifeFitness & 1 TrueFitness

Weights

All LifeFitness :

Pec Fly

Chest Press

Hip Abductor

Leg Curl

Leg Extension

Bench

Dumbells x 50

Kettlebells x 25

Weight Discs x 15

Trx x 1

Standing punchbag x 1

Hanging punchbag x 1

Assortment of functional equipment
Trading Hours:
Mon - Fri - 7am - 8pm
Sat - 9am - 3pm
Sun - 10am - 2pm

Tenure: Leasehold

Location Details: Leeds

Leasehold Term: Rent: £203 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6305
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