Business Summary

GYM AND FITNESS CENTRE – ESSEX
REF: M/643 – PRICED TO SELL CALL TODAY
£25,000 LEASEHOLD


• QUICK SALE – IN NEED OF SOME WORK
• HUGE SCOPE AND POTENTIAL
• WOMEN ONLY GYM
• OVER TWO FLOORS
• TURNOVER £2,000 PER WEEK
• 10,000 SQ FT UNIT
• RETIREMENT SALE
• 5 SUN BEDS & 14 TONER TABLES
• SCOPE FOR FITNESS CLASSES
• 2,800 PLUS MEMBERS
Location:
The business is situated off the MAIN High Street of Tilbury Essex. This residential area is well connected via main transport links such as C2C rail servers and A13.

The Premises & Business

The Business:
The business has been established and run by our vendor clients for over 20 years, and only now due to retirement does this wonderful opportunity present itself. The business and although in need of restoration is an ideal stepping stone for anyone looking to run and operate a successful gym. The price reflects our vendors wish to sell and to allow for the regeneration that this business needs.
THERE IS GENUINE SCOPE FOR THIS BUSINESS

• Currently our vendor does not charge a membership fee to all his + 2,800 members.
• There is an immaculate dance studio on the first floor
• Currently the gym is women only but there is ample room to expand into both sexes
• A large section of the gym is devoted to sunbeds and toner therapy, this could be sublet or owner run for beauty treatments.

Due to the overall size of this unit there is genuine scope for a purchaser to take the business forward anyway they wish to. There is so much potential. The business is priced to sell. Call to view on 01702 667111

The Premises:
As previously mentioned the unit in total of is some 10,000 SQFT and is separated into eight different sections, we would advise any prospective purchaser to view the size this premises has on offer.

Entrance Lobby & Office: Deck and computer system for signing in, separate office for owner.

Changing Rooms: wall to wall lockers, changing area, shower, WC and wash facilities.

Sunbed Rooms: Five separate rooms with sun beds. In addition there is an orthopaedic water bed room.

Toner Room: Fourteen separate Toner Machines for non-movement weight loss.

First Gym Work Out Area: Range of cardio and core machines and equipment.

Second Gym Work Out Area: Muscle building machines.

Third Gym Work Out Area: Recently refurbished area with wide range of cardio machines and equipment.

First Floor Studio – 70ft x 20ft : Recently refurbished, fully equipped sound system.
In addition to the above, the business has many storage rooms as well as two large full length storage rooms either side of the first floor studio.

Tenure:
The premises are held on a very secure renewable lease at a current rental of £12,500 per annum. We understand the landlord is happy to grant a new lease please call for details.

Turnover:
We understand from our vendor client that the current turnover is some £2,000 per week.

Staff:
The business is currently run by our vendor clients with the help of nine part and full time members of staff.

Trading Hours:
MONDAY-FRIDAY 9AM - 10PM
SATURDAY - SUNDAY 9AM - 1PM

Business Rates:
£10,000 per annum.

Price:
We are instructed by our Vendor Client to offer this business at a purchase price of £25,000 leasehold. This is to include the benefit of the good will and the abundance of fixtures and fittings.

Legal Costs:
Both parties to pay their own legal costs with the addition of paying 50% of the landlord’s legal fees.

Viewing Arrangements:
By prior appointment with PPS on 01702 667111.

Property Details