Independent Strength Gym, Glasgow
GlasgowHealth, Beauty & Care
Financial summary
- Asking price
- £89,000
- Annual turnover
- £210,000
- Net profit / cash flow
- £56,000
- Tenure
- Leasehold
- Business type
- Established business
- Employees
- 3
- Established
- 2018
- Seller
- Private seller
About this business
A membership-based strength and conditioning gym occupying a first floor industrial unit in Glasgow. The gym is equipped for free weights and strength training, with racks, platforms, dumbbells and conditioning equipment owned outright. Income is predominantly recurring monthly memberships collected by direct debit, supplemented by small group coaching and personal training rent from two self-employed coaches. The business is run by the owner with one part-time member of staff and a coaching team who are not employees.
Business details
Reason for sale
The owner is moving into full-time coaching elsewhere.
Premises
First floor unit of approximately 2,600 sq ft with changing rooms, showers and office.
Lease information
Assignable lease with 6 years remaining at £14,000 per annum inclusive of service charge.
Growth opportunities
Off-peak membership, online coaching and daytime classes are largely untapped.
Assets included
All gym equipment, flooring, membership software and fittings included.
Training and support
Four weeks of handover including membership system training.