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Leisure/hospitality for sale

£44,950

Leicester LE3, UK

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Property description

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.


Introduction


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.


Location


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.


Reason for sale


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.


Lease


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.


Building layout and design


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.


Staff


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.


Financial details


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.


Summary


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

Property info

What Zoopla users think of Leicester

Overall rating:

  • currently 4 stars
Very good - 76% (605 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
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  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Leicester (1.0 mile)
  • South Wigston (3.0 miles)
  • Narborough (4.4 miles)
  • East Midlands Airport (16.1 miles)
  • Coventry Airport (22.5 miles)
  • Birmingham International Airport (27.9 miles)
  • West Lynn Ferry Landing (65.1 miles)
  • King's Lynn Ferry Landing (65.2 miles)
  • Sharpness Old Docks (84.1 miles)

Nearby schools

View all schools in Leicester
  • Shaftesbury Junior School (0.3 miles)
  • Hazel Community Primary School (0.5 miles)
  • St Mary's Fields Primary School (0.5 miles)
  • Wigston College (3.2 miles)
  • Beauchamp College (4.1 miles)
  • Groby Community College (4.4 miles)
  • Fullhurst Community College (0.6 miles)
  • The Children's Hospital School (0.6 miles)
  • Ellesmere College (1.1 miles)
Note: Distances are straight line measurements

Local info for Leicester

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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