Top Watford Fitness Studio with 5-Star Reviews and Strong Membership Base for Sale
Watford, Hertfordshire
- Status
FOR SALE
- Date Submitted:
20/04/23
- Advert ID
511981
- Reference
B07309 / Rightbiz
- Call Agent:
- Leasehold: £44,995
- Turnover: £56,000 (£1,077 Per week)
- Net Profit: Not Applicable
Business Details
Highly rated Fitness Studio in Watford for sale
BusinessPlease quote reference B07309
CoGoGo are delighted to welcome to the market Polaris Fitness Studio, a highly rated fitness and wellness business in Watford.
Polaris Fitness Studio was first established by our client in 2015. The business is extremely popular within the local area, building up an excellent reputation and regular customer base.
The business has now come to the open market due to our clients desire to pursue other business interests.
Polaris Fitness Studio offer personal 121 training, providing individual training plans which help build sustainable exercise and nutrition habits. Their program suits people who are looking for the following goals –
- Reverse the damage the lockdown had done for body & physical health
- Build or rebuild positive eating habits that support you health & fitness
- You’re concerned about your health and want to boost your immunity
- You want to get heathier, fitter and stronger and stay that way for the rest of your life
- Your getting tired of ‘quick fix’ programs and are willing to dedicate 6-12 months to getting in shape the sustainable way
- You want a supportive coach to hold you accountable and keep you consistent through the program
This modern gym studio includes cutting-edge equipment featuring cardio, strength, and functional training options.
Key selling points -
- Prime location
- Excellent reputation
- 5 star Google reviews and reviews available on their social media and websites
- Very well established since 2015 – Polaris has become an integral part of the Watford community
- Modern and well maintained equipment
- Strong membership base
- Consistent year on year performance
- Currently staff run
- Opportunity to increase both sales/profit
- Add more instructors to the team
- Extend the availability of 121 sessions (currently closed during 12-5pm)
- Increase social media & advertising
- Extend general opening hours
Location
Polaris Fitness Studio is located on Queen's Rd in Watford and has eye catching signage, receiving high levels of footfall and passing trade.
The business is located centrally on busy parade of community driven stores and is within two minutes walk of serveral larger carparks.
It's in close proximity to Watford's main line train station and the Atria Shopping Centre.
Premises
Ground floor -
- Open plan fitness studio space
- Small office
- Shower/changing facilities
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 5 year lease. The rent is £1,042 per month.
Hours
The current trading hours are -
Monday – 6:00am – 12:00pm & 5:00pm – 9:00pm
Tuesday – 6:00am – 12:00pm & 5:00pm – 9:00pm
Wednesday – 6:00am – 12:00pm & 5:00pm – 9:00pm
Thursday – 6:00am – 12:00pm & 5:00pm – 9:00pm
Friday – 6:00am – 2:00pm
Saturday - 8:00am – 2:00pm
Sunday - Closed
Staff
We are advised that the business has 1 member of staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £56,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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