Total of 18656 firms and businesses for sale today Tuesday 16th April 2024
Sold. Well Known And Highly Subscribed Leisure Club, With Successful Franchisees In 10 International Terri
LISTING DETAILS
Firms For Sale ID:
34870
Vendor reference:
CO176
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,300,000
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed
Years established:
35
Number of employees:
6
Employees / staffing:
The head office engages the services of the following:
Self employed Franchise Manager
Manages the franchise day to day operations and is rewarded on a profit share basis. He has worked within the business for over 15 years.
Self employed Teacher Trainer
Manages and oversees all the teacher training and organises the teacher and DJ selection for events.
Self employed Project Manager
While currently self employed, the vendor would recommend making this manager a full time employee.
Administrator
Works alongside the Vendor and provides administration support & is a full time employee.
Self employed IT Consultant
Has developed the company Intranet, booking system and online shop; also responsible for providing web server, broadband and hosting services.
Self employed facilities manager
Manages the set up crew, organise the dance floor, lighting, draping and audio equipment.
In addition to the business for sale, the vendor has other business interests.
OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The management office in London is circa 3,000 square feet and is owned by the company; the premises are not for sale but a new lease can be arranged.
The Vendor is willing to offer a Rent Free period of up to one year.
BUSINESS DESCRIPTION
Well known and highly subscribed Leisure Club, with successful franchisees in 10 international territories
Ref. CO176
Location : London
Asking Price : GBP 1,300,000
The Business is a firmly established concern and has traded for over 35 years, strategically situated via its franchised clubs throughout the UK and in 9 other international territories. The Business has a management office in London but activities for members are managed by franchisees and their individual clubs.
Activities for members include regular dance club events & classes held at popular venues on a weekly basis, as well as seasonal residential multi day events in regional UK resorts and popular international cruise ship vacations.
Customers are members, those attending an event are required to be a member, this means everyone needs to complete a membership form and pay a nominal sum for life membership. All members details are then recorded on a bespoke database.
The fitness, social and health benefits of dance are at the heart of the business success, with classes offering a real alternative to other membership activities for firness, such as the gym. For many members, the weekly class or event represents the focus of their social life.
Since its founding the business has grown year on year and is considered to be the pre eminent club of its sort in the country. Over GBP TBC in revenues in 2017 and consistently, highly profitable; this represents a clear opportunity for any acquirer to build on what is already a successful and proven model that has established itself indelibly in the UK and is ready for further extension into continental Europe via clubs, vacations and further merchandising activities.
The business is very well known and is trademarked with international domain protection and monitored and managed renewals.