Services

Health Clubs, Tanning Salons, & Spas

Excellent, superbly equipped, Ladies Only Fitness Club: member of franchise chain Confidentially offered for sale Ref No: CO063 Location:West London Asking Price £250,000 Asking price includes: Turnover forecast circa £300,000 High gross profits In excess of 900 members This superbly fitted, ladies only, fitness club was established by the current owners eighteen months ago. The club is located in an area of West London of significant cultural and religious diversity. The owners felt therefore that the establishment of a ladies only environment would embrace the needs of many female members who would not otherwise join a mixed club. Formed as part of a well known franchise chain with twenty one clubs, the business has grown quickly and now boasts more than 900 members, fully justifying the marketing strategy. Unlike many fitness clubs that tend to be dominated typically by young body builders, the national profile of this franchise is towards older members, with the average age being forty two. Furthermore 70% of members have never used a fitness club before. The franchisor is therefore confident of the robustness and sustainability of the brand. The club utilises premises of 6,500 square feet with a fully air conditioned gymnasium area of circa 4,500 square feet. Upon acquisition, the premises were extensively refurbished. New changing and shower facilities were installed at a cost alone of more than £30,000. A total of circa £200,000 was invested in the club. Full IT systems are installed including the provision of direct debit facilities to ensure speedy collection of monthly fees. The franchisor has recently heavily invested in the development of the brand, with more than £1m having been spent.

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