Health and Fitness Club

Listing ID:
NORFOH100111

Lowestoft, Suffolk, England



Listing Status: Active

Sunbelt of Norfolk

View all listings from this office
Phone: 0160 382-1182
Fax: 0160 382-1001

The following broker is assigned to this listing:

Anthony Woodward

awoodward@sunbeltnetwork.com
Cell: 07725-672237

Description

Leisure & health club with Swimming pool, 2 Gyms, Dance/Aerobics studio, Sauna, Jacuzzi, Crèche, Bar and Function Room, situated close to town centre. The club has a well trained enthusiastic management team of qualified staff which makes this is an easily managed business with a low cost base and low staff overheads. Membership is expanding at an excellent rate with the capacity for continued substantial membership growth plus the possibility, subject to planning permission, of adding additional facilities. There are currently approximately 1500 active members, with over 70% on a yearly contract, paying monthly. The friendly atmosphere sets it apart from other clubs; members can reach their fitness goals in a non-intimidating and comfortable environment. With health and fitness becoming increasingly popular, the club offers good quality, and easy to use modern equipment. The current owner is including the freehold in the purchase price. However there is a possibility of a leasehold agreement subject to the right terms. The club operates from substantial purpose built detached premises, which comprises of over 20,000 square feet spread over two floors set within approximately one acre. The club has on site parking for members, ease of access for deliveries and the capacity to accommodate an expanding membership.

Financials

Asking Price:£1,400,000
Revenue:£475,000
Cash Flow:£100,000
Downpayment:£1,400,000
Monthly Payroll:£11,000
FF&E Asking Price:N/A (Included in Asking Price)
Inventory Asking Price: N/A (Included in Asking Price)
Financing Available?No

Property

Asking Price:£1,400,000 (Included in Asking Price)
Building Size: sq m

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:
Year Acquired:
Full-Time Employees:20
Part-Time Employees:4
Reason For Sale:Emigrating