Leisure/hospitality for sale in Scarborough, England, United Kingdom YO11

Business
Please quote reference B07836

CoGoGo welcomes to the market Core Fitness Scarborough Limited T/A Core Fitness, a highly rated and well established independently run gym inside the Balmoral Centre, Scarborough.

The business was originally founded over 15 years ago, and has been under our clients ownership since 2022. During that time, the business has built up an excellent reputation and regular customer base.

Core Fitness has now come onto the market as our client is looking to focus on other business interests.

They pride themselves in their customer service and their members fitness journey, ensuring everyone is treated as an individual and feels welcome from the very first moment in which you walk through the door.

They aim is to offer a professional first class service with affordable prices and to create a community atmosphere. Core Fitness strongly believes that training should be fun and in the centre we will strive to help anybody reach their fitness goals.

The business is a pin code access control gym and has turnstiles in place, with our client investing alot of money into this system. This is a huge factor for small gyms as having this means that less staff will be needed to monitor customers entering and leaving. Customers will get a code to enter when they sign up/apply online.

Core Fitness accommodates to all fitness needs, offering a wide range of equipment with over 50 stations. Strength training equipment including resistance machines, plate loaded machines and a vast selection of dumbbells ranging up to 70kg. A full range of cardiovascular equipment including treadmills, cross trainers, upright bikes, recumbent bikes and rowing machines. Also a fully equipped functional area available for use away from the gym floor. This is also used for fitness classes and for functional workouts. All members are entitled to a complimentary induction into the centre.

A training program specific to each individuals needs is also available as part of your membership; totally free of charge. All staff are fully qualified and very experienced in their knowledge of health and fitness. One of their team will sit down with you and set you out a plan, with specific goals, in detail, to get you started on your fitness journey with them.

Key selling points -

• Well established


• Good location


• Low overheads


• Handover option available

Scope for further growth -

• Increase advertising and marketing

Location
Core Fitness is ideally located at the Balmoral Centre in Scarborough, North Yorkshire.

Due to its location, it regularly receives high levels of footfall and passing trade.

Premises
The premises consist of the main entrance with counter and fixed storage.

This is a pin code access controlled gym with turnstiles, which is given to customers once they sign up online or in club.

The entrance leads to the main gym suite consisting of cardio area, weightlifting stations.

Through the main gym is the boxing area with soft foam flooring.

There is also an additional room which is currently sublet to a beautician on a weekly rental agreement.

Parking - There is ample parking at the rear of the gym.

Security - The premises are alarmed and have CCTV

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 5 year lease. The rent is £5,000 per annum.

Hours
The current trading hours are -

Mondy to Friday - 6:00am - 9:00pm

Saturday to Sunday - 7:00am - 6:00pm

Staff
We are advised that the business has 2 adhoc staff members.

Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £60,000. Further financials can be made available upon request.