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Fitness Centre & Gymnasium
Location United Kingdom
Asking Price Range $250K - $500K
Gross Revenues $48402
Net Profit / Cash Flow $32258
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1916
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training The vendors would be happy to help with a smooth transfer of the business in any way possible.
Reason for Sale The vendors have decided that they wish to emigrate.
Description Fitness Centre & Gymnasium, With Owners large four bedroom flat
Leasehold (circa 92 years remaining) at a peppercorn rent
Ref.CO138
Location Sheffield,South Yorkshire
Asking Price œ 208,000
This is a great opportunity to acquire well established ninety six year leasehold Fitness Centre and Gymnasium together with a luxurious, recently re-furbished four bedroom flat above the business premises. It was established as a gymnasium over twenty five years ago and now runs with circa 200 active members although non members can pay for an individual session. The business has continued to prosper during the recent recession and the forecast for the coming years is extremely positive. The premises are in a good residential location on the outskirts of Sheffield with schools and all local services nearby
The business has a wide range of equipment all well maintained and serviced regularly, and runs with a small staff of two full time employees together with the owner. They are open six days a week, closing on Sundays.
The flat which is above the gymnasium has been recently re-furbished to a high standard providing convenient and luxurious family accommodation for new owners or can be used to generate extra income by renting out the flat.
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