Assisted Exercise Classes Business in Devon

Ivybridge, Devon
REF: INT1913

Asking Price:
£59,950
Annual Turnover:
£52,000
Annual Net Profit:
TBC
REF: INT1913
Photo of Assisted Exercise Classes Business in Devon
Photo of Assisted Exercise Classes Business in Devon
Photo of Assisted Exercise Classes Business in Devon
Photo of Assisted Exercise Classes Business in Devon

Overview

Tenure:
Leasehold
Established:
2019
  • Excellent Reputation
  • Very Loyal Customer Base
  • Well Equipped Business
  • Equipment Included
  • Spacious Premises

This is a fantastic opportunity to acquire a highly reputable and popular company, which offers assisted exercise classes, primarily for the elderly and those who may have health conditions.

Operating since 2019, the business has grown considerably and has amassed a loyal customer base, now with over 187 members, with 80 regularly attending classes. Customers can opt to pay £5 for each individual session, £30 per month, or £330 a year. The clientele is predominately female, with 70% over the age of 60.

The company has forged excellent relationships with the suppliers of their equipment, which could normally be difficult to attain for a new business. The friendly, professional team currently comprises two employees, including a personal trainer. The team have brilliant relationships in place with customers, which should ensure an easy transition for the new owner.

Their power-assisted exercise equipment is the perfect form of exercise for those who have limited mobility. The equipment provides safe exercise to all the major muscle groups and helps to re-train muscle patterns, all whilst stimulating muscles for improved circulation.

The business benefits from very little competition in the local area, ensuring plenty of trade for the new owner.

The business has an ideal central location, which in part has helped the business become so popular. Due to this excellent spot, the business is close to the hub of the town and benefits from high passing footfall. Based within Ivybridge Town Hall, the premises consist of three rooms. The first room contains a reception desk, a product sales area, and 7 Shapemaster machines. In the second room, there are 6 Shapemaster ‘recumbent’ machines. Finally, the third room is used for both massage and counselling sessions. This space is a fully-equipped therapy room, kitted out with a massage couch, comfy chairs, a therapist's chair, moveable shelves, and much more, which is rented out for £5 an hour plus VAT. In addition to this, there are accessible toilets and a kitchen. Customers can park for free outside the property for up to two hours.

All equipment will transfer over, including 7 x seated Shapemaster machines and 6 x ‘recumbent’ Shapemaster machines.

This would be the perfect opportunity for a number of buyers, as a background in exercise is not at all necessary. However, the business may work especially well for a personal trainer.

There is huge potential for growth with this business, as membership is growing steadily. There is scope for the company to work with 50 people each day and a massive opportunity to grow the number of members.

The current owner is happy to offer an initial transitional period, in order to ensure a smooth and efficient business handover.

Features

Key Information

  • Treatments Offered: Counselling, Massage
  • Treatment Rooms: 1
  • Reception Area: Yes
  • Product Sales: Yes

Online Presence

  • Facebook: Yes
  • Twitter: Yes
  • Instagram: Yes

Website: www.feelgoodivybridge.co.uk

Location

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  • High Street Location
  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£14,000
Annual Rates
£3,324
Lease Term (Years)
6
Lease Expiry (Year)
2025
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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