For Sale
Well respected gym business for sale
Shifnal, Shropshire
- Asking Price: £29,995 +SAV
-
Turnover:
Full financials can be made available upon further request.
Please quote reference B06574
- Tenure: Leasehold
Please quote reference B06574
Hilton Smythe is delighted to present to the market a very well respected community gym opportunity, established by our client in 2019.
The ‘turn-key’ business is now being made available for sale due to the other business interests of our client which means he can’t spend the time required to continue with the gym's growth.
Our client has invested in excess of £40,000 to both equip the unit but also to create a new mezzanine level to increase the member space which is currently designated for spinning classes.
The gym offers the following -
- Cardio Equipment
- Resistance Equipment
- Free Weights Area
- Spinning cycling classses
- Personal Training
A full breakdown on all equiptment included can be made available upon further request.
The business is running at these hours due to our clients other business needs. However, a new buyer should look to expanding this as opening earlier/closing later could massively increase the turnover.
Our client offers both a ‘Pay as you go’ option as well as £20 a month direct debit membership scheme.
Due to the Covid, all gym/leisure businesses across the country were forced to close and as a result many people cancelled their gym memberships.
We are advised now, the gym is seeing their old and new members return.
Current membership is 70 with approx 20% using the ‘Pay as you go’ option and 80% paying by monthly direct debit option.
We are advised our client only takes on limited personal training clients and any new owner would benefit from increasing this side of the business.
Key selling points -
- Low rental terms
- Zero business rates
- Mezzanine floor
- Recently equipped throughout
- Excellent location with growing resident numbers
- Handover offered
- Own website
- Facebook - 315 followers
We advise any new owner would benefit from upscaling the social media presence as well as increasing some local advertising.
Increasing the number of team members would also help to boost the current turnover levels. There is also the option of converting this into an upmarket Personal Trainer/Classes centre.
We are advised that the business is run and managed by the owner.
The business hours are -
Monday – 9:00am – 8:00pm
Tuesday – 10:00am – 8:00pm
Wednesday – 9:00am – 8:00pm
Thursday – 10:00am – 8:00pm
Friday - 9:00am – 8:00pm
Saturday – 9:00am – 3:00pm
Sunday – 9:00am – 2:00pm
7 Fitness occupies a secure unit on the Old Smithfield Industrial Estate on Aston Street in Shifnal, Shropshire.
The gym is ideally situated within a very popular residential area located on the outskirts of the town centre.
The area offers excellent leisure facilities and services including an excellent choice of local schools which include Hillcrest Shifnal School, Shifnal Primary School and Idsall School.
There is a large new housing development due to commence within walking distance from the gym.
Shifnal is a desirable market town located just 4 miles east of Telford and very close to the M54 motorway.
The gym benefits from free member parking directly outside.
Nearest mainline train station is Shifnal (just a few minutes’ walk away).
Ground floor -
- Open plan gym space with designated areas for cardio training, resistance training, free weights and stretching
- Member changing facilities
- Office area/storage
- Designated space for spinning
Tenure
We are advised that the business is being sold on a Leasehold basis, with 3 years remaining on the 3 year lease. The rent is £980 per month.
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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
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