Fitness Studio and Gym in Stanmore For Sale

Excellent trading position, residential, office and commercial area, STANMORE, Middlesex.

Turnover £ 1,700
Price £75,000

Features

Fitness Studio

RECENTLY UPDATED EQUIPEMENT AT A COST OF £30,000
6 DAYS OPENING
18 Members

STAIRS TO FIRST FLOOR PREMISES in the region of 310 ft² with Air conditioning with hot air, desk, coffee machine, drinks fridge.

Treatment Room with massage table, sofa
Additional Treatment Room available for room hire, by physiotherapist, etc

Gym Room
2 Rowing Machines
2 Bikes
2 Cross Trainers
Ski ERG Machine
Boxing Bag
2 Wall Bars
Cable Machine.

Recovery suite - Infared sauna, 2 heated massage loungers.

Toilet with w.c. and wash hand basin.

Shower Room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,700 p.w.

Staff

The business is at present operated by the vendor with a member of staff being recruited as a personal trainer.

Trading Hours

6 Day week
MONDAY - FRIDAY 6 a.m. - 9 p.m.
SATURDAY 7 a.m. - 6 p.m.

Tenure

The private landlord subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 10 years full repairing and insuring lease with rent reviews every 5 years at a rent of £16,500 p.a. for the first 5 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote