Extremely well established Gym business for sale
Scarborough, North Yorkshire
- Asking Price: £39,000 +SAV
We are advised as per the 2020 accounts, the business generated a turnover in the region of £42,000, with an adjusted net profit in the region of £22,000. Full financials can be made available upon further request.
Please quote reference B06556
- Tenure: Leasehold
Please quote reference B06556
Hilton Smythe welcomes to the market Body Torque, an extremely well established and highly rated gym located in the heart of Scarborough. The business was initially established by our clients back in the 90s, only now does this successful business come to the market as our client’s head towards a well-deserved retirement.
Body Torque caters for all types of gym users with a cardio section, weightlifting section, and boxing area.
A full breakdown on all equiptment included in the sale can be made available upon further request.
The gym currently has 140+ annual members. The business boasts an excellent reputation across social media and google reviews, with customer comments stating, ‘Top gym, with a great atmosphere and knowledgeable staff. Excellent prices.’ And ‘Good atmosphere wonderful owner lots of equipment’
Our client is offering a hand over period to ensure the continued success of the business.
We believe this is an ideal purchase for a fitness enthusiast or partnership with passion and drive to fully appreciate the potential of this exciting business venture.
Reasons to purchase -
- Well established
- Excellent reputation
- Low overheads
- Scope for expansion
- Good location/footfall
- Open longer hours
- Embark on modern marketing campaigns
- Offer more classes and private session
We are advised that the business is owner run and managed, with the help of 1 ad hoc personal trainer.
The business hours are -
Monday – 09:00 – 21:00
Tuesday – 09:00 – 20:00
Wednesday – 09:00 – 21:00
Thursday – 09:00 – 20:00
Friday - 09:00 – 21:00
Saturday – 08:30 – 15:00
Sunday - 08:30 – 11:30
Body Torque is ideally located within the very popular seaside resort of Scarborough in North Yorkshire. The business is located within the town centre and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The gym further benefits from good car parking facilities within the area.
Scarborough is a town on the North Sea coast. The older part of the town lies around the harbour and is protected by a rocky headland. With a population of just over 61,000 residents, Scarborough is the largest holiday resort on the Yorkshire coast. The town has a wide cultural scene, spread across the town and seafront. It draws people not only from around the country, but from across the world.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Scarborough railway station is situated opposite the business. The area is also well served by the A-roads, with the property situated on the corner of both the A64 and A165. Filey is approximately 7½ miles away and Bridlington is 17 miles away.
The premises consist of the main entrance with counter and fixed storage.
The entrance leads to the main gym suite consisting of cardio area, weightlifting stations.
Through the main gym is the boxing area with soft foam flooring.
There is also an additional room which is currently sublet to a beautician on a weekly rental agreement.
Parking - There is ample parking at the rear of the gym.
Security - The premises are alarmed and have CCTV
We are advised that the business is being sold on a Leasehold basis, with 1 year remaining on the 6 year lease. The rent is £1,402 per quarter.