Hilton Smythe are delighted to introduce to the market a profitable 5 a-side football and gymnasium business, which our client established 7 years ago and now offers to the market as he looks to new business ventures. We have been instructed to offer for sale the Assets and Goodwill of the business.
The business operates a five a side football experience for its customers on a chargeable basis utilising its 5 x 5 aside pitches and 1x 7 aside pitch, with the gymnasium offering a wide variety of gym membership options with state of the art gym equipment in tandem; including a 60 station Cybex Gym and a dance studio with more than 20 classes a week. The gym has the benefit of circa 1,000 members on a variety of payment plans from day pass to monthly tariff.
A recent addition is the well maintained grass rugby training pitch, the business is currently home to one of the largest junior rugby league clubs in the area, hosting regular games for 15 different age groups from the region throughout the year. The business is also the home of the local hockey team and frequent football matches are also held. The business has truly established itself as the major hub for various sporting events and is very well supported by the local community.
Further revenue is generated from the very popular sports bar serving food and refreshments which is also licensed in the sale of alcohol. The sports bar is utilised as a venue area which can be hired for various functions including weddings, funerals, christenings and sports presentation evenings.
We are advised that our client would be willing to assist any new purchaser with a hand over period, the terms of which will be negotiated.
TENUREWe are advised that the premises are held on a long leasehold basis. The lease was entered into in 2005 on a 100 year lease, with rental at £31,500 per annum.
FINANCIAL PROFILEWe are advised turnover is in the region of £400,000 with an EBITDA of circa £100,000 and substantial assets.
STAFFIn addition to our client, the business employs 1 manager, 2 receptionists, 1 gym manager, 5 part time members of staff including 2 cleaners. Coaches and football referees are sourced on an ad hoc basis.
This fantastic 5-aside football, rugby training pitch and gymnasium business is situated within Yorkshire amongst a host of complementary businesses.
Occupying approximately 3 acres, the premises benefits from large car parking facility to the front aspect, with single story brick built construction main building housing the gym and bar complete with reception area, office, cellar and ample storage space.
The Bar has ample seating with pool tables for customer leisure together with ample storage facilities throughout the premises.
The Gym has the expected male and female changing facilities. To the left of the main building are the outdoor football pitches which have been specially designed and constructed using only the best materials and techniques ensuring length of service and a quality playing surface.
Viewing must come highly recommended to fully appreciate this business and its scope.