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Sports facilities for sale

24a Belgrave Gate, Leicester, Leicestershire, LE1

Leasehold 420 sq. m. | £59,995

Property Description

Commercial information

  • Business for sale
  • 4,520 sq ft (420 sq m)

Key features

  • REF 2191
  • LEASEHOLD
  • LADIES ONLY GYM

Full description

Tenure: Leasehold

LOCATION
Simply Women occupies substantial two-storey premises, ideally located on a busy city centre road in Leicester, Leicestershire. The business is situated within a large parade of complementary shops and business and benefits from an extremely large volume of footfall and passing trade. The area of the business offers car parking facilities within close proximity to the property. Leicester is a city in the East Midlands and lies on the River Soar at the edge of the National Forest. According to the 2011 census, the city had a population of approximately 330,000 residents.

The area of the property is well served by the public transport system with several bus stops and a bus station within easy walking distance of the property. The nearest railway station is also within easy walking distance. The area is also well served by the A-roads, with the A594 within close proximity to the property, which links to the vast A-road and motorway networks. Loughborough is approximately 12 miles away and Market Harborough 16 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very busy ladies only fitness club in Leicester, East Midlands. The business was established by our client in 2008 and is only now being offered to the market due to our client`s other business interests. The business operates 7 days per week and generates a turnover in the region of 69,016 per annum, with a gross profit of approximately 95%.

The business offers a wide range of ladies only fitness classes including Zumba fitness, HIIT Training, Street Fit, Box Fit, Body Combat, Zumba, Yoga and Pilates as well as individual and personal fitness programmes. The fitness centre has an excellent reputation within the city, which has resulted in a very loyal client base with over 600 members to date, as well as a large amount of repeat trade and word of mouth referrals.

The centre is fully equipped and well maintained and is the only ladies fitness centre within the city. We feel there is scope to increase the turnover by extending the opening hours of the business, especially at weekends. We also feel that the second floor, which is currently unused, could be utilised as an extension of the fitness centre, or even set up as a related business such as a hair and beauty salon.

The business already has an excellent website already in place to promote the business and the services offered, as well as online joining facilities. A new owner could embark on a small marketing campaign to highlight the business. This is an excellent opportunity for a new owner to take this already thriving business, with vast potential for future growth, to the next level: therefore early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial two-storey, mid-parade property with main street entrance, briefly comprising:

Ground floor:

Open plan area.
Reception counter with electronic cash register and credit/debit card payment facilities.
Seating area.

Gym area with the following equipment:

Equipment list:

Cardio Machines:

1 x Startrac treadmill

4 x Life Fitness treadmills

5 x Life Fitness cross trainers

1 x Cybex Arc trainer

1 x Sports Arc bike

4 x Life Fitness bikes

2 x Life Fitness steppers

2 X Rowers

Resistance:

1 x Assisted Chin/Dip

1 x Cable crossover machine

1 x Lateral Smith Machine

1 x Full 9 station Technogym Easy line Circuit
- Pec/Back fly
- Abductor/Adductor
- Abdominal/Lower back
- Leg Press
- Leg Extension/Leg Curl
- Squat
- Bicep Curl/Tricep Pushdown
- Shoulder Press/Lat Pull down
- Chest Press/Row

Other:

- Range of Dumbells

- Range of Kettlebells

- Exercise/Yoga mats

- 15 Startrac Spinning Bikes

- 1 x My 7 PowerPlate
TENURE
We are advised Leasehold:

Original lease length: 5 years
Remaining lease length: 2 years
Review every: 5 years
Rent: 18,000 per annum

HOURS
The business operates:

Monday - Thursday: 7.30am - 8.30pm
Friday: 7.30am - 7.30pm
Saturday - Sunday: 10.00am - 2.00pm

We are advised the landlord would be happy to negotiate a longer lease.

STAFF
The business is owner run and managed with 3 x part time staff member and freelance instructors.

FINANCIAL PROFILE
The business generates a turnover in the region of 69,016 per annum, with a gross profit of approximately 95%.


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