Gym in North London For Sale

Occupying a corner position, unopposed trading position, residential area, NORTH LONDON.

Turnover £ 1,675
Price £95,000

Features

Gym (optional Franchise)

PARKING FOR 5 VEHICLES

SINGLE FRONTED AIR CONDITIONED PREMISES, CCTV (5 cameras), professional no slip flooring, suspended ceiling with LED lighting.

Reception area with desk, etc.

Fully equpiied gym with;

Weights & Barbells
• Squat rack / power rack (×2) with barbells and weight plates (2.5kg–20kg), including UKSF bumper plate set
• Olympic barbells (×3) - 2 × 20kg, 1 × 15kg female bar
• Fixed-weight barbells (×3)
• Trap / hex bar (×1)
• Wall-mounted multi-bar barbell storage rack
• Hex dumbbell set on A-frame vertical rack (approx. 2kg–35kg)
• Hex dumbbell set on 3-tier horizontal rack (includes blue neoprene lighter weights)
• Kettlebells - mixed weights (approx. 10–12)
• Slam bags / sandbags (×4) - 5kg, 10kg, 15kg, 20kg

Machines & Cardio
• Concept2 SkiErg (×2)
• Air bike machines (×2) - Air Bike Classic / In Action
• Concept2 RowErg rowing machine
• Concept2 BikeErg
• Cable / functional trainer - dual pulley

Functional & Accessories
• Pull-up rack
• Flat weight bench (UKSF)
• Incline / multi-level bench
• Medicine balls (×5, mixed weights) with rack
• BLKBOX plyometric boxes (×2) - 20cm, 30cm
• Free-standing punch bags (×3) with bases
• Boxing gloves - multiple pairs (incl. RDX)
• Punch mitts / focus pads - multiple pairs
• Gym steps / Reebok aerobic step platforms (×4) with risers
• TRX band
• Resistance bands - colour-coded set (Red, Yellow, Green, Black, Purple)
• Foam rollers (×2), grip handles (V grip, wide grip, rope grip, single arm ×2 sets), weighted belt
• Wobble / balance board
• BLKBOX exercise mat
• Yoga / exercise mats - multiple

AV / Tech / Security
• TV monitors (×8) - LG ceiling-mounted, Toshiba wall-mounted
• Apple iMac - front desk / reception
• iPad / tablet with adjustable desk mount
• Computer monitor - back office
• JBL Professional wall-mounted speakers (×2+) with audio amplifier / mixer
• ToneCo. interval timer system
• Hikvision NVR (CCTV recorder) and multiple CCTV cameras (Delta Protection)

Furniture & Storage
• Front desk / reception counter
• Reception shelving unit and bar stool
• 9-cube shelving storage units (×2)
• Back-office workbench / shelving

Fixtures, Fittings & Safety
• Air conditioning unit (Fujitsu) - see warranty details in Section 9
• Large wall mirrors
• Approx. 90m² rubber gym floor tiles
• NOCCO branded glass-door display fridge
• Stainless steel floor-standing water cooler / dispenser
• Russell Hobbs microwave
• Electric kettle
• Electric fan heater
• Fire extinguisher
• Pyronix intruder alarm keypad
• Fire alarm control panel
• Wet floor sign, noticeboard / pin board

Customer changing room with shower, toilet and wash hand basin.

Office / store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. - £1,750 p.w.

Presently the business has 110 members paying monthly subscriptions.

Staff

The business is at present operated by the self employed manager with the assistance of 3 part time staff and 3 personal trainers.

Trading Hours

7 Day week
MONDAY - FRIDAY 6.30 a.m. - 8.30 p.m.
SATURDAY 8.30 p.m. - 2 p.m.
SUNDAY 8.30 p.m. - 1 p.m.

Outside

Parking for 5 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £16,800 p.a. + VAT

We understand the Landlord is happy to grant a new lease 10 years with 5 yearly reviews at terms to be agreed

Business Rates from April 2026 £800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN ESTABLSHED IN 2017 AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

THE SALE WILL BE BY THE WAY OF SHARE TRANSFER.

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote