Gyms for sale in Oldham

View the "Powermill Gym & Fitness Oldham, Greater Manchester OL9 6DT" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Adam Warren (Jan 2017)
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Leasehold Price: £59,995 Price Reduced Turnover: £49,000
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Business Description
Hilton Smythe welcomes to the market Powermill Gym & Fitness, well-equipped with ample machines, inviting décor and bespoke wall artwork. Our client set up the business 2 years ago.

Powermill Gym & Fitness is situated in a large mill with ample space and scope for expansion, currently comprising of cardio gym with cast iron bodybuilding equipment and fitness machines, separate training room with punch bags, sauna, steam room and private studio room, which is currently rented out at £15 for 30minute sessions, at present there are 2 sessions each week. Fully equipped health café, sports massage room (currently used as storage, but could be rented out).

There are currently around 100 members, plus the ‘pay for the day’ customers, our client is generating £800 per month from the rental of the studio and personal training sessions.

Powermill Gym & Fitness has ample scope for improvement such as sub-letting the rooms, renting to personal trainers, yoga and aerobics classes etc. The gym already has a website and Facebook account.

Early viewing is highly recommended, to see the scale of 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.

Powermill Gym & Fitness is located on Highfield Street, Oldham.

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 tram station is also just 2 minutes walk away.
The area is well served by the A-roads, with the A62 being within easy driving distance of the business, which links to the M60 motorway network.

The gym is situated within a large mill, the premise is well presented with good signage and the interior is fully equipped to suit the trade.

At the entrance is the reception area with desk, flat screen tv, seating area and shelving for the sales products.

To the right of the reception is the Lean and Clean café, fully equipped with large American fridge, range oven and hob, mini fridge, stainless steel sink, hood and breakfast bar with seating for 6 customers.

To the right of the café is the studio with rubber matted floor. The studio also has its own toilets and showers (women only).

Through the reception is the main gym and boxing room with lots of cast iron machinery and fitness equipment such as treadmills, exercise bikes, lifting equipment and steppers to name a few.

To the right of the main gym are the male and female shower and changing facilities
sauna, steam room, sunbed room and the potential sports massage parlour.

All equipment is included in the sale. Asset value is around £50,000.

At the front of the gym are 15 car spaces included in the lease.

Our client has a sign written van that would be up for negotiation at the time of sale.

The premise is secured with CCTV and an alarm system.

We are advised the premises is a Leasehold.

3 years remain on the current lease, as of January 2018.

The current annual rent is £16,800.

The business benefits from being rates exempt.

Current opening hours:

Monday – Friday: 07.00 – 21.00
Saturday: 08.00 – 16.00

Powermill Gym & Fitness is owner managed with the help of 2 apprentices and help from family members.

Financial Profile
Powermill Gym & Fitness reported a turnover in the 2016 accounts of approximately £49,000.

Tenure: Leasehold

Listed by: Hilton Smythe

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