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Established Personal Training/fitness Studio Central Morpeth For Sale

Morpeth, Northumberland
Asking Price:
£70,000 Furniture / Fixtures included
Sales Revenue:
£50K - £100K
Cash Flow:
Under £50K

Award winning Fitness Studio that offers Personal Training and Fitness Classes. A loyal customer base that are on both Block booking and Membership options as well as pay as you go. 150-200 users every week.

Still room for expanding into more fitness or complimentary aspects of business. Room for a sports massage or therapy room and nutrition business would be also a compliment.
Currently installing self access locks on the doors with card or key fob access.

Currently offering personal training sessions throughout the day and a range of fitness classes am and pm.

Air conditioning throughout and newly refurbished by Origin Fitness with equipment and flooring in April 2019. All equipment and fittings included in the sale no hire purchase outstanding.

Fitness Equipment includes: 3 x Power Plates, Treadmill, Stepper, Assault Bike, Dual Pulley Multi Gym, Rower, 13 Pulse Spin bikes, Mats, Loads of free weights and bars,bags etc.

In very good decorative order.

Viewing is essential to see the potential and the uniqueness of this very successful business in a well established and modernised market town with lots of new housing estates being built in the area.

Brilliant for a personal trainer wanting to expand with their own business.

Run with another full time member of staff and help from a couple other trainers for the classes.
Currently the business is not VAT registered. Turnover just below the VAT threshhold.


Only selling due to other commitments.
Please contact me directly by phone if genuinely interested.

Property Information

Property:

Leasehold

Lease Terms:

Renewable and transferable lease for 6 years remaining. This will have the option of renewing.

Leasehold Rent:

£14,400 per annum

Location:

The studio is on the main street of this vibrant market town. 1st floor location.

Premises Details:

Separate personal training studio and class studio. The class studio is mirrored fully on 2 walls. Two shower rooms/changing and two toilets. Kitchen facility and staff/storage room. Storage room for spin bikes and equipment.

Business Operation

Expansion Potential:

Offers room for Sports therapy or nutrition based business to operate within the facility. Lots of potential for classes and fitness options that are not currently offered.

Competition / Market:

Local ladies only gym, leisure centre and two other independent gyms. This business is different in its apporach to fitness but has evolved and succeeded over the last 10 years winning two awards 2018 and 2019. Best Bespoke Fitness Centre in Northumberland and Best Fitness and Training facility Northumberland.

Reasons for selling:

Now have other business and family commitments. Reluctant sale of a well loved business.

Trading hours:

8.30am - 8.00pm Mon - Thurs
8.30am - 2.00pm Friday
8.30am - 11.00am Saturday

Employees:
2
Years established:
2010

Other Information

Support & training:

Current owner will be available to help with the transition period and also there to help with cover work if required. Current staff are amazing with the customers and all fully trained for Personal Training and classes. Help and support all the way.

Furniture / Fixtures value:
£30,000 - included in the asking price
Website:
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