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A Well-equipped Hi-tech Health Club & Gymnasium In Prominent Location for Sale

Essex

Leasehold : £ 99,000

The attractive premises are in an extremely prominent position situated on a very busy junction and taking up the entire corner.
The large corner plot premises are circa 7,000 sq. ft.

There are four main areas within the large ground floor premises, and the gym caters for all ages and both sexes, cleverly integrating high tech equipment and free weights, being aware that some ladies feel uncomfortable training next to free weights so these areas have been mixed rather than having a dedicated weight area. Three are two main areas for cardio and weights, reception area, M & F showers and changing facilities both have saunas.

Plus there is a separate building at the rear which houses the Strength and Conditioning facility. (Cross Fit) (this equipment will NOT be included in the sale but is available at an additional cost).

A Well-Equipped Hi-Tech Health Club & Gymnasium in Prominent Location
Ref.CO167
Location Essex
Asking Price £ 99,000
This is a great opportunity to acquire one of Essex’s most famous gyms. A well-established Fitness Centre and Gymnasium established over thirty years ago that the vendor has been operating for the past 4 ½ years. During that time the club has undergone extensive refurbishments and been fully refitted with high tech work-out equipment, a new male sauna, C.V. equipment, free-weights, fixed weights and a fully equipped strength and conditioning centre. This fantastic gym now has over 600 + active members who on average pay £37 per month membership fee. The club has potential for 1000+ members and we are advised there are a few revenue streams within the business that are not running anywhere near their full potential.

The wide range of high-tech equipment is all well maintained and serviced regularly to give a satisfying and efficient work out experience for members. Personal training sessions are available along with group training classes, massage osteopathy and beauty treatments. Every member receives continuous support, advice motivation, individual programmes and attention from personal trainers including valuable and responsive support.

The club uses Ashbourne Management Software for membership management.

Trading Hours: Monday – Friday: 7am – 10pm
Weekend: 8am – 6pm.
 
Staffing: The club is owner run with a staff of 5 receptionists, 2 gym instructors, 4 PT’s and a cleaner.
 
Accommodation: The gym has a flat above the free weights area that is rented out. It is 1 bedroom rented at £650 per 4 weeks, plus bills.
 
Tenure: The premises are leasehold with an annual rent of £6,200 per month and rates of £40,000 per annum.

 
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