A Well-Equipped Hi-Tech Health Club & Gymnasium in Prominent Location
Ref.CO167Location Essex
Asking Price £ 99,000
Turnover circa £225,000 exc. VAT
EBITDA £33,000 plus assets
Assets include substantial gymnasium and fitness equipment (new cost circa £100k)
Well established – over 25 years
Circa 600 gym members with potential for 1000+
Good catchment area – prominent location
Part of a bigger group
Goodwill
Business profile:
This is a great opportunity to acquire one of Essex’s most famous gyms. A well-established Fitness Centre and Gymnasium established over thirty years ago that the vendor has been operating for the past 4 ½ years. During that time the club has undergone extensive refurbishments and been fully refitted with high tech work-out equipment, a new male sauna, C.V. equipment, free-weights, fixed weights and a fully equipped strength and conditioning centre. This fantastic gym now has over 600 + active members who on average pay £37 per month membership fee. The club has potential for 1000+ members and we are advised there are a few revenue streams within the business that are not running anywhere near their full potential.
The wide range of high-tech equipment is all well maintained and serviced regularly to give a satisfying and efficient work out experience for members. Personal training sessions are available along with group training classes, massage osteopathy and beauty treatments. Every member receives continuous support, advice motivation, individual programmes and attention from personal trainers including valuable and responsive support.
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