Family Run Gym in Gateshead

Summary:

- Rental Property
- Huge Potential
- Prime Location
- Unique Opportunity
- All Fixtures and Fittings Included
- Highly Rated
- Established Business
- Proof of Funds Required

Business Description:

Silk Letting Ltd are proud to present to the market an extremely popular and highly rated gym located in Gateshead. This fully equipped gym has been established for over 25 years with the current owner taking over in 2013
The gym currently has 150 members as well as other clients paying for individual sessions and various other flexible memberships. The business has earned an excellent reputation gaining many 5* reviews across multiple platforms
The business includes all equipment and facilities including weights, resistance, cardio equipment and fitness classes and is located over 2 floors. The ground floor contains the gym and beauty business that rents a room with its own entrance. A tattoo business rents space on the first floor, and it is accessed separately with its own entrance. There are additional rooms within the property that can be rented out to generate more income. The property comes with car parking for about 9 vehicles and additional parking is available outside the property. There is also an open field that can be used for boot camps and outdoor training.
The business doesn’t currently have a website and relies heavily on word-of-mouth recommendations and walk-ins, but has a strong social media presence

Location and Amenities:

The business is ideally located on a main road in Gateshead. The business is surrounded by a residential area with no immediate competition.
Situated close to the A1 and with good transport links and a car park making the business easily accessible for both the owner and clients.

Growth Potential:

This is the perfect opportunity for any new owner looking to purchase a well-established business with the potential for further growth.
The business doesn’t currently have a website any new owner could create a website that showcases classes and services available and allows any new members to join.
Any new owner could embark on a modest marketing campaign through social media with the potential to reach a larger client base by showcasing the classes and facilities available. Incentives and offers at quieter times.
The potential to run boot camps, and outdoor training on the field opposite the gym.

Financial Profile:

Tenure: Lease (rents property only)
The business benefits from small business rates relief meaning it does not pay any business rates.
Turnover is available upon request.

Property:

This spacious property is located over 2 floors, the reception area is located on the ground floor with office space, ladies and gents changing rooms. The gym area is split into 2 sides, one side houses the cardio equipment, and the other side houses the resistance equipment and weights, the studio is located between these areas and is used for a variety of fitness classes.
A single room is rented out to a beauty business and can be accessed separately from the car park or internally through a locked door near the changing rooms.
Part of the first floor of the property is rented out to a tattoo business with its own entrance. The current owner’s wife operates her sports rehab clinic from the first floor and will not be continuing once the business is sold creating the potential for more rooms to be rented out with their own access. The property includes a gated car park for about 9 cars.

Security:

The property is fully secured with roller shutters on all windows and doors.

Fixtures and Fittings:

The business includes all equipment, fixtures and fittings meaning it is fully equipped and ready for any new owner to take over.
A full list of assets is available upon request.

We anticipate great interest in this amazing listing and such a huge business opportunity is not to be missed. We do not anticipate this business to be on the market for long.
Would you love to be running an already successful business and call it your own? This is an enormous and distinctive business opportunity to become your own boss and carry out your passion daily.

Staff Members:

The business is owner operated. The current owner is happy to give a handover period to be agreed for any new owner to ensure a smooth transaction of the business. This would also be a wonderful opportunity to expand the business and build a new dedicated and motivated team from scratch to all work towards a common goal.
This is an exciting turn-key opportunity for any new owner looking to purchase an already existing business with the potential for further growth.
The business is currently open:
Monday – Friday – 6 am - 8 pm
Saturday and Sunday – 9 am – 12 pm

Reason for Sale:

The current owner is selling the business due to other business commitments creating the perfect opportunity for any new owner to take over an already well-established and profitable business with an outstanding reputation.
A viewing of this business is highly urged to appreciate its true value and the potential it has for a new owner. Book today to avoid disappointment.

VIEWING STRICTLY BY APPOINTMENT!

If you are interested, please contact us to discuss any sales enquiries or arrange a viewing on 0161 507 9791.