Gym with Boxing Ring in County Durham For Sale

Excellent trading position, residential, office and commercial area, Co Durham.

Turnover £ 2,000
Price £125,000

Features

Gym with Boxing Ring

Newly fitted 2021 with £100,000 worth of equipment.
150 members, 100 pay month

PREMISES in the region of 4,250 ft with carpeted (heavy duty) flooring, suspended ceiling with fluorescent lighting, Reception desk, cash register, CCTV system (16 cameras, 1 monitor)

Ladies' & gentlemen's Changing rooms with shower & Toilets

Spin room with 8 Bikes
Boxing room and ring
Cardio room
Weights Area
Strength & Conditioning room
Office
Sunbed room with 1 sunbed

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. We understand the Accounts year ending 2023 show sales of £100,000 approx with gross profit of £40,000 after wages

Staff

The business is at present operated by the vendor with 3 full time staff employed (20 hours p.w.)

Trading Hours

7 Day week
MONDAY - FRIDAY 6am - 8pm
SATURDAY & SUNDAY 8am - 2pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 6 years in 2021 with reviews every 3 years (next review 2027) at a current rent of £10,800 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote