Ref 6998 – Leasehold Fully Equipped Gym
Blacks Brokers are pleased to bring to the market this leasehold fully equipped gym located close to the town centre of Rochdale, Greater Manchester.
Iron Body and Fitness (formerly Avatar) was established in 2006 with our client in ownership since 2016. The business has a huge range of equipment from cardio to resistance machines to meet all fitness requirements. The gym also has both male and female sauna facilities as well as sunbeds and a range of health supplements. It has become very well known in this area with a strong base of regular customers, the current database has 146 active members. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Iron Body and Fitness has a comprehensive website in place.
Iron Body and Fitness occupies a prominent trading position close to both residential and commercial properties and has a large free car par immediately outside. The gym is very close to the town centre and this area is well linked by the A664 and M62 with strong public transport links.
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2016 at a cost of £528 per week.
The business operates with one member of staff in employment supporting our client working on a full time basis.
Iron Body and Fitness has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 5th April 2019 show annual turnover of £58,981 and gross profit of £48,449. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This is a well established and well known gym which occupies a superb trading position with free parking immediately outside. There is plenty of scope to develop the business further with the introduction of longer opening hours and fitness classes. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £20,000.
Please quote ref: 6998