Very Profitable Gym - Sutton Area For Sale in Sutton- Business 4 Sale .co.uk

Business Summary

BUSINESS
The business was established by the present owner in 1986, as a body building gym. Over the years, however, it has expanded to meet the training and fitness needs of all types of people and now comprises: a spacious, fully equipped, unisex gym with a modern air-conditioned cardio suite, equipped with high-tech fitness machines and a ladies-only gym, also with a modern air-conditioned cardio suite equipped, with high-tech fitness machines. In addition, the business retails a range of gym/fitness clothing, training accessories and a wide selection of protein and energy food and drinks.
Membership is currently £30 per month, with approximately 500 members regularly visiting the gyms. There is a comprehensive website included in the sale.
The freehold of the adjacent Barber Shop is also owned by our client and is let on a 5-year lease, expiring in 2012, with an incoming rent of £11,500 pa.
Planning permission has been granted for the construction of 5 two-bedroom flats and a one-bedroom flat, above the property. Also, consent has been granted for a one story extension to be built at the rear of the main gym.

BUSINESS PREMISES
(all sizes are approximate and should be considered 'nominal'.)
The property is currently arranged as follows:
Ground Floor
Outside - the premises enjoy a part-glazed frontage with an entry door, a sun canopy and fascia boards above. The main entrance leads to: Shop and Reception Area - (13.7m frontage x 4.6m depth) with carpet-tiled flooring, a suspended ceiling with recessed, flush-finished fluorescent lighting units and windows to the front of the property. The area is equipped to include: a weighing machine, various spinners and racks for garment displays, wall shelving, a bottle fridge and a serving counter with an electronic till. Through to:
Cardio Suite - with air conditioning and equipped to include: a rowing machine, 4 tread mills, 6 exercise bikes and 5 cross-trainers. Further separate front entrance into:
Assessment Room - with a desk and 2 chairs. Through to:
Main Gym - (approximately 45m x 7m) equipped to include: ceiling fans, strip lights, non-slip flooring, various lockers, a vertical sun bed, high level windows, a full range of resistance machines including bench press, shoulder press, leg press and free weights.
Mens Changing Rooms - with showers, toilets and a sauna.
First Floor
Landing
Ladies Warm-Up Room - (4.9m x 8.2m max), an L-shaped room with air-conditioning, a carpet- tiled floor, windows to the front and rear and a suspended ceiling with recessed, flush-finished, fluorescent lighting units. The area is equipped to include: 3 treadmills, 4 exercise steppers, 6 exercise bikes, a rowing machine and a WC with a wash hand basin.
Second Floor
Landing
Ladies Gym - (4.9m x 8.2m max) an L-shaped room with an air-conditioning unit, a carpet tiled floor, a suspended ceiling with recessed, flush-finished, fluorescent lighting units and windows to the front and rear of the property. This gym is equipped to include an extensive range of resistance machines and free weights.
Third Floor
Landing
Ladies Changing Room - with showers, a toilet, a horizontal sunbed and a sauna.

The Barber Shop - (4.2m x 9.0m) this is a ground floor retail unit with a work room (5.4m x 3.0m) to the back of the salon and a rear yard.

There is a cellar area measuring 44sq.m, with a headroom of approximately 2m.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

OUTSIDE:
To the rear of the property, there is access to a public car park.

TENURE
The entire property is being offered for sale Freehold

RATES
The Business Rates currently payable are
£12,600 per annum.

TRADE
The turnover shown in the certified trading accounts, is as follows:
Y/e 30th November 2008 £337,202
Y/e 30th November 2009 £362,391
Y/e 30th November 2010 £365,203
Please note that all figures exclude VAT.

The above trading accounts do show substantial profits

HOURS
Monday to Friday 6.00 am to 10.00 pm
Saturday 9.00 am to 6.00 pm
Sunday 9.00 am to 5.00 pm

STAFF
2 full-time trainers
1 full-time receptionist
1 full-time gym assistant
2 owners part-time

STOCK
The Vendor informs us that the value of the stock is approximately £10,000

Property Information

	Property:	Freehold

	Living Accommodation:	No

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Contact this seller

Title:	First Name:	Last Name:
Your Email Address:
Your Contact Number: (optional)
Address1:
Address2:
Town/City:
County: *
Post Code/Zip:
Country:


Enter this security code:

Your message:

Business4Sale.co.uk will not share your personal data with any other third party, unless you have given us your express permission to do so. By submitting this form, you confirm that you agree to our Terms & Conditions and Privacy Policy.