£0 £1000000
£0 £1000000

Fitness Club with Huge Potential For Expansion

Seaham, County Durham

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£84,950 +SAV

Ref: 12385 A

Freehold

Overview

Hilton Smythe welcomes to the market Evolve Fitness. Our client is an entrepreneur who founded the business this year and is now looking towards his next business venture. This fully equipped gym includes free weights, lifting machines, cardio equipment and machines all purchased since March 2016. The business is up and running and already attracting local residents with the low membership costs and pay as you go fees. We are advised the projected turnover for this financial year is circa £33,000. Our client has spent a considerable amount of money investing in the state of the art fitness equipment which is all new. The business is obviously in its infancy but has massive scope for future development. To the rear is a second stand-alone brick building, currently used for storage, but would be ideal for fitness classes. This freehold business also sits within around ¼ acre of land opening up further potential for expansion. Certainly a new owner should look into a modest marketing campaign, making the most of social media websites and introducing a website to further promote this. 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.

Turnover
We are advised the projected turnover for this financial year is circa £33,000.

The business is currently solely run and managed by our client.

The business opens:-Monday to Friday 8.30am – 8.30pmSaturday 9.00am – 2.00pmSunday 9.00am – 11.30am

The business is located in the vibrant village of Murton, County Durham Evolve Fitness occupies a prime location at the heart of a heavily populated residential area and faces the popular social club and is also within walking distance of the local school and library, with main street close by. The business benefits from a private car park to the front with ample overflow street parking. The building was a former community centre so is in a central location and well known in the area. Murton lies just south of Seaham, where the nearest railway station can be found and is around 6 miles east of the City of Durham, and around 7 miles south from Sunderland. The area is easily accessible from the A19, A690 and A1(M).

Substantial detached premise briefly comprising:- Main entrance to centre, male and female toilets along corridor leading to the office and kitchen area. Main weight room with mirrored wall and free weights with selection of weight machines throughout. Cardio room with treadmills, rowing machines and vibration plate machines. Smaller weight room to side. To the rear is a second stand-alone brick building, currently used for storage. Kitchen area equipped with cooker. Very well signed and presented, set in ¼ acre plot with own car park to front, to the rear is a grassed area which could be developed.

Tenure
We are advised freehold.

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