Ref 6188 – Leasehold Boxing Gym & Fitness Studio
Blacks Brokers are pleased to bring to the market this leasehold boxing gym and fitness studio located in a busy and densely populated area of Leicester, Leicestershire.
The Community Boxing Gym has been trading since 2008 with our client in ownership since opening. The business relocated to Western Road due to expansion in 2013. The gym offers unique fitness training tailored to specific needs and works with individuals, schools, youth groups/clubs, businesses and other community groups/organisations that provide youth provision. The club offers a wide variety of classes and training sessions. It has a good online presence with a dedicated YouTube channel, social media presence and excellent online reviews.
Situated close to De Montfort University and Leicester Royal Infirmary, the business is positioned in the Westcotes area of Leicester city centre. This area is densely populated both residentially and commercially, with a large student community. Parking is available at the rear of the property within a secure, gated car park and public transport links are excellent.
Our client has other business commitments, and is forced to offer the gym for sale due to a lack of time to dedicate to the running of this business.
The building is available on a competitive rent on an Internal Repair Only lease (iro lease). The current lease is five years and began in 2014 at a cost of £135 per week. Please note: A new lease can be negotiated with completion of this business sale.
The Community Boxing Gym is operating from the ground floor of a spacious, detached property on the corner of a residential street – it overlooks Upperton Road which is a busy main road housing a large student community. The gym has signage displayed to both sides of the property with front entrance and shuttered windows and doors. Inside, there are two main training rooms, one main training room with professional boxing ring in place and a second, smaller training room used mainly for weight training. The training rooms have a combined capacity for a maximum of 45 people. There are two waiting areas along with changing room and toilet facilities. All areas are presented well with good quality fixtures and fittings in place – a full inventory is available on request.
The business is currently operating with our client working on a full-time basis along with one full-time member of staff in employment. Additional staff could be introduced to offer new opening hours and additional classes and clubs. No specific qualifications are required as classes are ran by a coach but should a new owner wish to get correct training/qualifications, the current owner will be more than happy to assist.
The Community Boxing Gym has traded solidly during the last ten years. The business generates an annual turnover of £20,000 with gross profits to be confirmed. Due to other business commitments, the gym has been operating on fewer hours days than ideal with membership charged at £5 per year, or £2 per fitness session – there is much scope for a new owner to expand these days and charge accordingly for membership.
This leasehold business is well-established and well-known within this sector with a strong customer base. There is plenty of scope to develop the business further and there are even more income opportunities with the introduction of more staff to expand opening hours and days and potentially a new owner may sub-lease training space within the gym for new fitness classes or clubs. This proposition would ideally suit an owner operating team able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Property: £44,950.
Please quote ref: 6188