Services

Health Clubs, Tanning Salons, & Spas

A well established health and fitness club offering a wide range of programmes for all levels of age and ability. The club currently has an active membership in excess of one thousand and this continues to grow month on month , as do sales revenues and profitability. Attrition rate is low such are the service levels members enjoy. The club is located in a very central location within a parade of shops in an area of high population. It has excellent signage and good access with a large car park to the rear for members. The Health Club itself is circa 8000 square feet and is divided into the following areas Ground Floor 1. Reception – a 12 seated area to relax and have a drink after a workout 2. Air Conditioned Aerobics Studio – 38 classes per week and storage area 3. Air Conditioned Main Gym – 30 CV Stations and 15 Resistant Machines (all Nautilus) with 4 Plasma TV’s 4. Ladies Free Weight Area 5. Mens Free Weight Area 6. Flexibility Area 7. Storage Area First Floor 1. Air Conditioned Creche with toilet/washing facilities 2. Storage Area 1 3. Pole Dancing Studio – (10 poles) 11 Classes Per Week 4. Ladies Changing Area with Sauna and 4 showers/2 toilets 5. Mens Changing Area with Sauna and Stand Up Sun Shower, 3 showers / 3 toilets 6. Storage Cupboard 7. Office 8. Sunbed Room 9. Sunshower Room 10. Spin Studio (10 Schwimm Bikes) – 11 Classes per week 11. Staff Kitchen 12. Boiler Room and Storage 13. Fitness testing Room 14. Storage Room Outside Large Private Car Park approx 40 cars but could be expanded with some minor work. Everything in the health club is owned by the company except the 3 sunbeds/showers. They are on a profit share of which we get 60% of takings. The only other thing we do not own is the weighing machine again of which we are on a profit split. Equipment: Plasma TV’s and a comprehensive range of specialised gym equipment, also internet, phones, credit card machines etc. A full inventory of equipment can be provided if so required. Estimated value is circa £65,000. Customer Service: The business is a member of the Fitness Industry Association. This is the nation’s industry body of gyms and leisure centres. FIA Membership ensures compliance with all relevant standards, guidelines and regulations through a code of practice. The Code is designed to ensure that health and fitness operators maintain a basic level of practice to ensure the safety and wellbeing of their customers. This business takes this commitment very seriously and this is reflected in the levels of service and advice clients receive. Key Strengths: Well established Spacious premises Good Location Strong Membership Good Equipment Variety of Classes and Activities Excellent Reputation Stable Staff Limited Competition Long Lease Room for Expansion Growth and Expansion: The vendor has identified that at present the business is a little overstaffed so a new owner could reduce costs there if they want to run the business themselves. Personal fitness training hasn’t really been tackled so with over 1000 members there is growth in this market, beauty therapy too! In addition to this a more aggressive sales and marketing approach would reap rewards as the club has very competitive membership fees and a large market to serve population wise. Key Opportunities: 1. The club currently takes less than £1000 a year on personal training. A club with over 1000 members should be taking 50 times this amount if managed and developed in the right way. 2. The club has only recently started to charge members for certain classes. This could be expanded upon. 3. Remove ramp outside to increase car parking spaces 4. There are no beauty/massage or physiotherapy services undertaken at the club. This could be a huge profitable area to expand in. The business is growing and therefore profits should only increase year on year if the new owner carries on with the high standards of service and reinvests some of the businesses turnover on a marketing campaign

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