£0 £1000000
£0 £1000000

Archived

Reputable Gym For Sale

Bodmin, Cornwall

  • Asking Price: £149,995
  • Turnover: We are advised the business generated a turnover of circa £90,000 as of 2022, further financial information can be made available upon request.

    Please quote reference B06998

  • Tenure: Leasehold

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Please quote reference B06998

Hilton Smythe is delighted to present to the market Mike Munds Fitness Gym, one of Cornwall's most well established independent fitness gyms established over 20 years ago.

The boutique gym is now being offered for sale due to our clients ill health.

Mike Munds is a 24 hour accessed gym, equipped to a very high standard to enable any new owner the ability to walk straight in and continue trading.

We are advised there are 235 total members with 118 monthly paying members.

The gym is split into 5 main areas which includes one of a kind outdoor workout playground which has been nominated for the British Fitness associations 2022 awards!

5 main areas -

  • Exercise studio - offering a selection of HiiT sessions suitable for all levels
  • Free weights - excellent range for all levels
  • Cardio Machines - newly installed range
  • Boxing area - renowned martial art/boxing area
  • Resistance machines - perfect for those who prefer not to use machines
Visitors can either attend with a day pass, pay a monthly membership or choose to pay annually (which offers the best overall saving).

The gym is open 24 hours.

In addition to the above areas, the gym has the added benefit of a very large hall space (currently rented out for £500 per month). This is an ideal space for anyone looking to teach fitness classes.

Gift vouchers are also available.

Key selling points -

  • Ideal lifestyle changing opportunity
  • Very profitable business model
  • Excellent business website
  • Facebook page - 4.8/5 customer score
  • YouTube videos
  • Google reviews - 4.9/5 customer score
  • Excellent testimonials (see below)
  • Lots of potential to grow current sales levels
  • Recently installed new cardio equipment
  • Flexible 24 hour access
  • Can be managed/run by 1 owner
  • Full business handover offered
  • New Free motion Treadmills
  • New Intenza top of the range Stairclimbers
  • New Escape WOD racks and Watson leg Press included
  • One of a kind outdoor workout playground
Testimonials -

‘Top gym, run by a community minded guy. Recommended for all walks of life, young, old. Fit, unfit,  everyone will be made to feel welcome. The atmosphere is great and everyone gets along’

‘After suffering a heart attack, then a stroke whereby I lost the use of my left leg, I have visited 3 days a week for over two years under the close personal supervision of Mike Munds and I am now back to normal. Friendly atmosphere with ample equipment. Thoroughly recommended’

‘Never felt more welcome or comfortable walking into a gym’

Very rarely do lifestyle/fitness opportunities of this standard, size or breath-taking location come on to the open market.

There has been a significant increase in people looking to relocate to the Cornwall area since the Covid pandemic, all looking to find new business opportunities in this sector and we therefore strongly advise any potential buyer to make early enquiries to avoid disappointment!

Further growth potential -

  • Increase the number of fitness classes offered
  • Increase the hall rental income (large 150 square metre space)
  • Increase health & fitness programmes
  • Increase social media advertising
The following is included in the sale:

  • 2 x Free Motion i10.9b Incline Trainers
  • 2 x Assault Treadmills
  • 2 x Assault Bikes
  • 2 x Matrix Cross Trainers
  • 2 x Intenza 550e2 Stair Climbers
Cybex:

  • Leg Curl, Leg Extension, Leg Press, Glute Machine, Abductor, Adductor, Seated Row, Shoulder Press, Lat Pulldown, Chest Press, Cable Crossover.
Escape:

  • WOD Rack, Mono Rack, Strong Box with 2x7kg, 2x10kg, 2x12.5kg, 2x5kg, 2x15kg Hex Dumbbells, 3x 15kg Sandbags, 2 x Incline/ Flat Benches, 1 x Landmine and 1 Punch bag
  • 1 x Watson Leg Press
  • 1 x Fit Tech Hack Squat
  • 1 x Multi Rack with Smith Machine, Cable Crossover and storage
  • 1 x Booty Builder
  • 1 x Back Extension
  • Iron Dumbbells from 2.5kg -50kg ( going up in 2.5kg per set)
  • 4 x Olympic 20kg Bars, 1 x Hex Bar, 1x Squat Safety Bar, 1 x EZ Bar, 1 x Tricep Bar
  • 12 Lockers
Torque:

  • 2x Endless Ropes, 1 x M4 Tank all surface sledge.
  • 1 set of kettlebells 4,8,12,16,20,24,28,32kg
  • 1 Tornado Ball, 2 x slam balls
  • 1 sit up bench
Wolverson:

  • 1 x Rower  1 x Lifting Platform
Olympic Weights:

  • 4 x 25kg, 14 x 20kg, 6x15kg, 10 x 10kg, 12x 5kg, 6x 2.5kg 14x 1.25kg
  • 1 x Preacher Curl
  • 1x Shoulder Side Raise
  • 3 x Medicine Balls 1x Bosu Ball

The business is owner run and managed.

The business trading hours are:

Monday to Sunday - 24/7

Mike Munds Fitness Gym enjoys a very desirable location within the centre of Bodmin in Cornwall.

The renowned gym is positioned on Church Square Mews which is surrounded by a wealth of popular town centre businesses and services which includes both independent retailers, restaurants and cafes, major high street brands and banks.

Bodmin is a historical  town situated in the east of Cornwall, south-west of Bodmin Moor, well known for its picturesque countryside and walks which makes it very popular with hikers.

There are two pay and display car parks available (just a few minutes’ walk).

Nearest mainline station is Bodmin Parkway.

The business is comprised of the following:

  • Main Hall
  • 2 x changing rooms
  • Outside workout playground
  • Large Hall

Tenure
We are advised the business is being sold on a Leasehold basis with a new Lease to be granted to a new owner, the rent terms are to be agreed.

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