Archived
Gym with Excellent Level of Equipment/ open to offers
High Wycombe, Buckinghamshire
- Asking Price: £249,995
-
Turnover:
Gymfit4less generates an advised turnover of circa £268,000
The assets being sold with the business are worth in the region of £120,000.
Please quote reference B05188
- Tenure: Leasehold
Please quote reference B05188
Hilton Smythe welcomes to the market Gymfit4less, High Wycombe, a fitness club with over 2000 members, which was established by our clients in 2015. Our clients are looking to sell to concentrate on their other business interests and are open to reasonable offers.
Gymfit4less has the following facilities:
- Ladies only training rooms
- Dance and group exercise studio
- Cardiovascular and pin weight room
- Heavy duty free weight room
- Boxing room
- Spinning room
- Stretching room
- Outdoor strongman training
- 30 classes a week including all of the above, yoga and Zumba.
- The gym has 4.5/5 reviews on Facebook from 112 reviewers.
- A large membership
- Many classes to develop the business from
- A large residential area bringing in a good footfall to the location
- Further revenue streams by sub-letting rooms to physios etc
- Full handover offered
Hilton Smythe highly advise early viewing to avoid disappointment.
The business is run by our client, with the help of 5 self employed personal trainers and some part time reception staff.
The business opening hours:
Monday - Friday: 5am - Midnight
Weekends: 8am – 8pm
Gymfit4less is located on the West side of High Wycombe in a highly visible main road location on the A40 West Wycombe Road.
Therefore, the club is close to the affluent highly populated areas to the north west of High Wycombe.
High Wycombe has a population, as of the 2011 census of 120,300, a figure that has grown over recent years.
The property is a substantial detached building over two floors with many areas that have been converted for studio and weight room use.
There is a substantial car park giving parking for 35 vehicles.
Internally there is a reception area, male changing area, weight rooms, fitness rooms, stretching rooms, spin room.
On the first floor is the ladies only gym and changing facilities along with some office space and staff room.
A number of rooms could be sub let for physio etc
There is also a large loft space with good ceiling heights that could be expanded in to.
The equipment included within the sale of the business includes:
MATRIX Aura-MSFT400 Functional Trainer - Silver Matrix Aura-S13 Converging Chest Press - Silver Matrix Aura-S23 Converging Shoulder Press - Silver Matrix Aura-S33 Diverging Lat Pulldown - Silver Matrix Aura-S34 Diverging Seated Row - Silver Matrix Aura-S40 Arm Curl - Silver
Matrix Aura-S45 Triceps Extension - Silver Matrix Aura-S51 Abdominal Crunch - Silver Matrix Aura-S52 Back Extension - Silver Matrix Aura-S70 Leg Press - Silver
Matrix Aura-S71 Leg Extension - Silver
Matrix Aura-S72 Seated Leg Curl - Silver
Matrix Aura-S76 Rotary Hip - Silver
Matrix Aura-FW82 Adjustable Bench - Silver Matrix Aura-FW91 10-Pair Dumbbell Rack - Silver Matrix Aura-FW96 Barbell Rack - Silver
Matrix Aura-PL62 Smith Machine - Silver
Matrix Aura-PL70 45 Degree Leg Press - Silver
Magnum MG-MR690 MEGA Half Rack 8' Tall
Magnum MG-MR690P Hardwood Insert for MR690 Half rack Matrix Aura-FW80 Multi Adjustable Bench - Silver
Matrix Aura-FW40 Preacher Curl - Silver
Magnum MG-C895 FW 3-Way Olympic Bench
Magnum MG-A50 PL Hack Squat
Matrix Aura-PL23 Independent Converging Shoulder Press - Silver Matrix Aura-PL14 Incline Bench Press - Silver
Matrix Aura-PL77 Seated Calf - Silver
6 x Matrix E Elliptical trainers
Matrix Recumbent cycle
6 x Matrix upright cycles
9 x Matrix treadmills
Matrix Krankcycle
12 x Matrix spin cycles
Dumbbells from 2kg – 40kg
Barbells from 10kg – 45kg
Numerous plates from 1.25kg – 25kg
Numerous bars
A full list is available on request.
Tenure
We are advised the business is being sold as a leasehold business opportunity with a 15 year lease from 2015 and an annual rent of £42,500. This is due to increase in September 2019. There are further rent reviews due in 2020 and 2025
Our clients inform us that they pay business rates at £16,525 per annum.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
