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Unique Vibration Fitness Business

East Dulwich, London

£64,995 +SAV

Ref: B04472

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Description

Hilton Smythe welcomes to the market High Vibe Ltd.High Vibe is a fitness facility that specialises in Vibration plate training. This is similar to a high-intensity interval workout done but using Vibrogym power plate machines which reduce the exercise time to around 30 minutes.Customers are guided through a high energy workout by an instructor and results can be seen in half the time of standard gym training. In the 8 years of trading High Vibe have helped many people to lose weight and improve their general fitness using this vastly misunderstood technology.Vibration plate training strengthens the muscles through what is a called a stretch reflex. It challenges the body to stabilise against the vibration, and helps builds a toned, strong and lean physique.Due to the length of time the business has been trading it has built up a very loyal customer base and is always gaining new customers due to recommendations and its fantastic location.The business currently operates a pay as you go scheme and they currently have 200 active customers with a database of 1,800 registered potential and past customers.Reasons to Buy•The business can generate a much higher turnover by increasing opening hours, which have been reduced by the current owner for personal reasons•A well-established business with an enviable reputation and many existing customers•Prime trading position in a busy and vibrant parade of shops•Ideal owner managed or PartnershipScope to Improve:•Increased advertising and marketing campaigns •Loyalty scheme•Increase the use of social media•Extend the opening hours to include Sundays, early mornings and every evening

Tenure

Leasehold

We are advised that High Vibe Ltd is being offered a Leasehold business with a newly renewed 6 years Lease, with 3 year break clause and Rent is £13,000 per annum which is very reasonable given the size and location of the premises.We are advised that there are currently no business rates payable due to small business rates relief.

Hours

Monday, Tuesday & Thursday 9:00am to 9pmWednesday & Friday 9:00am to 5:30pmSaturday 9:00am to 4:00pmSunday Closed

Staff

The business is run and managed by the current owner.

Financial Profile

High Vibe Ltd generated an advised turnover of £76,478 per annum with an advised £74,378 gross profit and an adjusted net profit of £26,000.

Location

High Vibe Ltd is ideally and prominently situated amongst a parade of shops along Melbourne Grove in the affluent area of East Dulwich.East Dulwich is a district of south East London in the London Borough of Southwark. It forms the Eastern part of Dulwich, with Peckham to the East and Camberwell to the north. High Vibe is under 400 foot away from the nearest train station, East Dulwich, which serves a Southern service and is in Travelcard Zone 2, calling at stations such as London Bridge, Caterham and Beckenham Junction.The premises is nicely presented and maintained with clear, visible signage. There is also convenient parking for customers to use directly outside the business.

Premises

High Vibe Ltd is located on the ground floor of a 3 level mid-terraced property and briefly comprises:Full length windows and glazed doors to front creating a light airy and inviting interior.As you enter the premises you are greeted with a seating area and the counter to the left which houses the till system and card reader.To the right of the counter is a free weights section. Further along is the heart of the business where the 3 vibrations machines are located.To the left hand side of the fitness suite is a doorway which leads to an office and another doorway which leads to the kitchen area and storage with toilet facilities.There is a rear exit which leads to a patio garden area, which can be utilised to add a potential al-fresco coffee area.Equipment.The shop equipment includes;•Till system •Counter•3 Vibration Plates•Free weights •Exercise Balls•Exercise Mats •Flat Screen TV•2 x PCs•Printer

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