Leisure/hospitality for sale in Darlington Retail Park, Yarm Road, Darlington DL1

£130,000
Leisure/hospitality for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Prominent Trading Location Under Hotel
  • Accounts Available 31 December 2020
  • Annual Turnover £129,418
  • Gross Profit £127,539
  • Well Established Brand
  • Close To Large Corporate Companies
  • 1000+ Active Members
  • Professionally Equipped
  • £350,000 of assets included in asking price
  • Year On Year Revenue Growth
  • Membership Numbers Expanding Annually
  • 5 Stars On Facebook & 4.6 Stars On Google
  • Operated Under Management
  • Free Car Parking
  • EPC - B

Property description

Ref 6615 – Leasehold 24 Hour International Gym & Franchise Fees
Blacks Brokers are pleased to bring to the market this leasehold 24 hour international branded gym & franchise fees located in a busy commercial area of Darlington, Durham.


Introduction


Snap Fitness is a 24 hour international health and fitness club founded in 2003. The individual branches are run as franchises and this one is located in Darlington. Snap Fitness offers a range of support for franchisees including an initial training program, ongoing support and training, virtual training and webinars, coaching, technology support, marketing including lead generation assistance and a comprehensive website. The Darlington club has 1023 active members - these are on a rolling monthly 30 day contract, billing and renewal is automatic and members give 30 days notice to cancel.


Location


Location on busy arterial road on the way into Darlington town centre. This has a prominent frontage with road facing signage. This is set within a large business park filled with large offices for business such as EE Networks HQ. The business also benefits from a large free car park.


Reason for sale


The business is currently operated by staff only due to the demands of our client's other business commitments being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is ten years with rent reviews every five. The current lease began in 2016 at a cost of £838 per week. There is an annual service charge for this building of £4,950.


Staff


The business is currently operating with two members of staff in employment this is a club manager and sales & fitness manager.


Financial details


Snap Fitness Darlington has traded solidly since opening and shows growth in membership and revenue year on year. We are advised that the business currently has annual turnover of £129,418 with gross profit of £127,539 based on ye 30th December 2020 accounts. Full financial details are available upon viewing.


Business rates


The rateable value is £19,200. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This leasehold business benefits from large franchise branding and support. The gym occupies a prominent trading position within a commercial area and our client has built a large, active customer base and superb reputation. There is plenty of scope to develop the business further with more local business collaboration, there are a number of office blocks close by where gym membership levels are low. A strong marketing drive and local offers would be beneficial. Our client also advises us that cost controls could be further implemented and further awareness of the premium nature of the facilities vs competitors could also boost sales. 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: £130,000.

Please quote ref: 6615

Business Accommodation

Snap Fitness Darlington operates from the ground floor of a modern multi storey commercial building. The upper floors are occupied by a large hotel chain. The ground floor unit is around 4,500 square feet in size with reception area, group fitness studio, office, showers and toilet facilities and disable bathroom. All areas are exceptionally well presented and equipped with professional equipment including treadmills, rowing machines, climbers, weight benches and much more. The premises are fitted with heating, ventilation and cooling along with sound systems and it.

Fixtures & Fittings

All heating; ventilation and cooling

Suspended ceiling; all electrical and lighting

AV for studio and comms rack for it systems

All plumping and work for toilets and showers including all dda requirements

All floor finishes to suit gym use; trucking and cabling for equipment

All internal and external signage

All gym equipment including loose accessories such as weight plates

Opening Hours

Mon: 10am – 7pm (24 Hours Members Only)
Tue: 10am – 7pm (24 Hours Members Only)
Wed: 10am – 7pm (24 Hours Members Only)
Thu: 10am – 7pm (24 Hours Members Only)
Fri: 8am – 5pm (24 Hours Members Only)
Sat: (24 Hours Members Only)
Sun: (24 Hours Members Only)

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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