CALL TO VIEW

01702 667 111 / 020 3627 1110

30+ YEAR ESTABLISHED GYM & HEALTH CLUB

WITH OVER 700 MEMBERS SUPERBLY EQUIPPED 7,500 SQFT UNIT

& ONE BED ACCOMMODATION REF: M1257

EAST LONDON / ESSEX - £299,995 LEASEHOLD + SAV

20 YEAR RENEWABLE LEASE

TURNOVER £270,000 PER ANNUM

NET PROFIT £75,000 PER ANNUM

£100,000 WORTH OF EQUIPMENT

RENTAL INCOME £42,000 P/A

OVER 700 ACTIVE MEMBERS

MALE & FEMALE SAUNAS

OVER TWO FLOORS & FOUR UNITS

PLANNING PERMISSION TO EXPAND

ONE BEDROOM ACCOMODATION

*** FINANCE AVAILABLE ***

PPS offer solutions for all types of commercial finance, including Secured & Unsecured Loans

Location: The business is perfectly positioned on a corner plot occupying four large premises on a busy main road opposite a major crossing with ample free parking around and exceptional hourly passing traffic and footfall. The area is sought after and densely populated with families.

The Business & Premises: The business is exceptionally well established and has operated in the same position for over 30 years! The business is unique as many members who regularly visit not only use the gym to work out but to also come to socialise making this more than just a normal health club! The premises have undergone an extensive refurbishment and investment in the business costing over £100,000, creating brand new male and female changing rooms with new shower and separate saunas within each of the changing rooms, as well as replacing and upgrading equipment throughout the gym. Our vendor now wishes to sell the business due to family and personal commitments, this gives any purchaser a golden opportunity to acquire an exceptionally well established business with untapped potential as there is still huge scope and improvement to increase trade and build on the already high turnover. The business has planning permission to expand the ground floor gym floor which would increase the total square foot by another 1,000. Also there is potential to further increase on member’s numbers and a fresh advertising campaign would ignite a sudden surge as well as contacting more casual members, the current owner expects that this would increase the current membership to over 1,000 . The Premises (7,500SQFT): As previously mentioned the business expands over two floors throughout four large shop units, with changing rooms, studio and physio room on the first floor and gym floor and reception on the ground floor. In addition there is a large separate self-contained one bedroom which the owner sublets. Behind the premise there are owners parking as well as a huge garage / out building which is over 1,000 SQFT. This area used to house a spare boxing ring but is not sublet by our vendor client earning a rental income of £1,200 per month (£14,400 PA)! The gym was recently refurbished and is well decorated and presented throughout and exceptionally well equipped for trade, and is being sold as seen to include all equipment worth in excess of £100,000. Please see below list provided by out vendor client. FREE WEIGHTS: Hammer 45 degree Leg Press (plate loaded) Smiths Machine Half Rack plus Pull up Bar Decline Bench Bench Press 8 Adjustable Benches Hip flex/dip combo Disk rack Bent over row (plate loaded) Preacher curl Core plate 4 x 7ft Olympic Bars 2 x 5ft Olympic bars EZ Bar Seated calf raise 5 bar rack of fixed barbells Ab bench Hyper extension

Swiss Balls Bosu ball 3 x medicine balls 1 x dumbell rack + 2.5 - 20kg rubber dumbells 1 x dumbell rack + 2.5 - 40kg metal dumbells 1 x dumbell rack + 2.5 - 50kg rubber dumbells 1 x kettlebell rack 2 x 4kg kettlebells 2 x 8kg kettlebells 2 x 16kg kettlebells 2 x 20kg kettlebells 2 x 24kg kettlebells 1 x TRX 3 x plyometric platforms This kit is a mixture of Escape fitness, Lifefitness, Hammer Strength and Jordan CARDIO EQUIPMENT: 2 X Summit trainer 2 x Crosstrainer 5 x Bikes 1 x Stepper 2 x Concept 2 rowers 6 x Treadmills 1 x Stairmaster staircase All kit is Lifefitness PIN LOADED RESISTANCE: 1 x Shoulder Press 1 x Chest Press 1 x Lateral Pulldown 1 x Lateral Pull/Low row combo 1 x Leg extension/ leg curl 1 x seated Leg curl 1 x Leg press 1 x Leg adductor/abductor Lifefitness and Precor CABLE KIT: 3 x Dual Pulley 1 x Cable Crossover Lifefitness. STUDIO: Many mats for floor work 5 x barbells 1 x rack studio dumbells 20 + pairs of small rubber dumbells 15 Reebok Steps + risers 2 x Boxing bags 1 x speed bag Sound system 3 x TVS' spread around gym

Tenure: The premises is over 7,500 SQFT and includes large self –contained one bedroom flat and separate garage / out building, as well as parking spaces to the rear. The four shop premises are held on secure renewable 20 year lease at a combined current rental of £77,000 per annum. As previously mentioned our vendor earns a combined rental income of £42,000 per annum - from subletting of the garage, self-contained flat and floor space from personal trainers and physio. Making a net rent to pay just £35,000 per annum.

Planning Permission to Extend: The business premise has planning permissions for ground floor extension of the gym floor which would increase the size of the unit by another 1,000 SQFT. We understand from our vendor client that once work on extension is complete the landlords are not looking to increase rent

Turnover: We understand from our vendor client that the current turnover averages at £270,000 per annum, working on an excellent profit margin. Full accounts will be made available upon inspection of the business with our vendor client with full break down of members and revenue streams. – However we

understand from the owner that the business enjoys an exceptionally healthy £70,000 net profit which is growing yearly.

Business Rates: £30,000 per annum – We understand from our vendor client that a rate reduction is currently under review

Staff: Vendor operated with the help of two gym instructors and a mixture of part time reception and cleaning staff. In addition there are four personal trainers that operate from within the business. Trading Hours: Monday – Friday: 7AM – 10PM Saturday & Sunday: 9AM – 6PM

Legal Costs: Each Party cover their own legal costs. Purchaser to pay landlord’s fees. Price: We are instructed by our Vendor to offer this business for sale, at the realistic price of £299,995 priced to reflect the recent refurbishment and to include the remainder of the renewable leases, exceptional goodwill and fixtures and fittings. Stock to be purchased at valuation. Viewing Arrangements: By prior appointment with Monday to Friday 0900 – 1730 Saturday 0900 – 1300 Sunday CLOSED

Head Office: London Office: Kent Office: South West Office: 534 London Road 4th Floor 6 The Street 3rd Floor Westcliff-On-Sea 86-90 Paul Street Sittingbourne The Old Stock Exchange Essex London Kent St Nicholas Street SS0 9HS EC2A 4NE ME9 7AJ Bristol, TA1 2NT Tel: 01702 667 111 Tel: 020 3627 1110 Tel: 01634 505 110 Tel: 0117 379 0112

Web: www.paviourpropertyservices.co.uk Email: info@paviourpropertyservices.co.uk

Disclaimer: Misrepresentation Act 1991: Paviour Property Services for themselves and for vendors or lessors of this property whose agents they are give notice that: (1) the particulars are set

out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (2) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (3) no person in the employment of Paviour Property Services has the authority to make or give any representation or warranty or enter into any contract whatever in relation to the property; (4) rents or prices quoted in these particulars may be subject to VAT in addition.

PAVIOUR PROPERTY SERVICES RESERVE THE RIGHT IN CERTAIN CIRCUMSTANCES TO CHARGE A COMMISSION TO THE PURCHASER.

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