Sizeable and Popular Gym in Devon

Braunton, Devon
REF: S06147

Asking Price:
£375,000
Annual Turnover:
£180,707
Annual Net Profit:
£43,824
REF: S06147

Overview

Tenure:
Leasehold
Established:
2013
  • Wide range of facilities, classes and memberships
  • Large database of members
  • Excellent reputation
  • Huge, well-equipped premises
  • Impressive financials

A superb opportunity has now arisen for an interested buyer to take on a large, local gym situated in Devon.

Since its inception in 2013, the business has gained a large database of clients through offering an extensive array of facilities, classes and membership options. A welcoming, encouraging environment has also been shaped by the gym’s knowledgeable and supportive staff who are always on hand to help members achieve their fitness goals.

With around 500 subscribing members, the gym caters to locals as well as holidaying residents of nearby resorts, caravan parks, campsites and hotels who make use of the gyms one-week passes during the summer months.

80% of the business’s turnover is generated from memberships, with the rest made up from one-off passes, sales of products and rental income. Fully-staffed and with a gym manager already in place, the buyer can be as hands-on as they like.

Now only up for sale due to the current owner’s lifestyle change, a new owner would be able to utilise the business’s premises which was fully refurbished throughout March 2017 with brand new top of the range equipment. Its excellent reputation would enable any new owner to excel the gym to future prosperity.

Being one of the largest gyms in north Devon, the business’s premises consists of three industrial units covering 650 sqm in total. The first unit comprises the reception area which leads through to the spacious cardio rooms, a staff room, toilets and shower.

A separate eyelash extension business can also be found in this unit, with an aerobic studio upstairs. A separate chiropractor business is located in the next unit alongside a mix of resistance and cardio machines as well as additional toilet and shower facilities.

The last unit houses free weights, a locker room, Sunshower stand up sunbed and a spin studio upstairs, as well as a separate eyebrow tattoo business.

Ideal for a fitness fanatic or individual with an extensive background in the health and leisure industry, the new owner would benefit from a highly thought-of gym with outstanding facilities and a strong client database.

The new proprietor could build on the business’s success by implementing further advertising within and outside its vicinity, potentially providing offers for new members to grow its client base. Expanding the actual premises to accommodate a higher membership would also be a feasible option. As overheads have been kept low due to all staff being self-employed, additional team members could also be taken on to facilitate an increased amount of personal training sessions.

As the current owner would be willing to stay on part-time, the new owner would be given complete guidance on overall business operations.

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  • Popular village
  • Residential area
  • Well-positioned
  • Close to complementary businesses
  • Minimal competition
Rent
£37,613
Rates
£1,280
Lease Term
TBC
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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