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Finance And Services:

Business For Sale. Service, Repair And Sale Of Gym/exercise Equipment

LISTING DETAILS
Firms For Sale ID:
34953
Vendor reference:
IO037
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£240,000  
Turnover / revenue:
£273,000
Net profit / cashflow:
Undisclosed
Years established:
15
Trading hours:
Monday Friday: 08:00 17:00
Number of employees:
1
Employees / staffing:
The vendor works full time in the business and is ably supported by a full time engineer and a reliable & trusted team of freelance staff.

OTHER DETAILS
Reason for selling:
Genuine retirement sale.
Support and training:
The current owners would be happy to provide full training and support at handover.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Premises are a real strength of this business. Ideally located on a discrete and busy industrial estate that is close to the A38 carriageway and its connection to the M5 Motorway and on a busy thoroughfare in its own right the business is very well known and accessible. The unit is circa 700 square feet and comprises a workshop and storage are with mezzanine, toilets and small kitchen with alarm and shuttered security. There is ample forecourt area and parking for some 2 plus vehicles. Premises are leasehold. Current rent is circa GBP 6,000 per annum on a rolling basis It is understood a new lease could be made available to a new owner, subject to negotiation.
 
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BUSINESS DESCRIPTION
Service, repair and sale of Gym/Exercise equipment
Ref. IO037
Location : South West England
Asking Price : GBP 240,000 + Net Assets
This successful regional business was set up over 15 years ago and provides a comprehensive servicing and workshop service for all types of commercial gym equipment such as:
Treadmills
Crosstrainers
Cycles
Spin Cycles
Rowers
Climbers
Resistance Equipment
Steppers
The business operates within the expansive South West of England region region and from Bridgwater to the far parts of Cornwall and the Dorset coast.
The business has built up a sterling reputation in the area during this time and provides an essential and reliable service; this is especially important to clients since this business has no real alternative, regional provider capable of reaching and turning around repairs and services in a timely fashion.
This profitable business has established itself as a market leader in the region with an enviable reputation for quality and service, because of this the business enjoys very high levels of referrals and repeat business, which constitutes circa 90% of all trading.

Expansion Potential
The business has enjoyed steady growth over its lifetime and has reached a happy level of trade, this is expected to continue in light of its established and loyal customer base. The business has room for expansion if need be and this could easily be achieved if a new owner wished to employ more pro-active marketing & sales as the demand is already proven in the region.

The business does very little advertising and could certainly expand this activity with a more proactive approach. The business is well positioned to take maximum advantage of this growth as it occurs as it has the necessary infrastructure in place.

Market / Competition / Non-Competition Agreements
The business has never felt the need to advertise bearing testimony to the fact that it enjoys exceptionally high levels of repeat business from a large and loyal customer base.

There is however a comprehensive and attractive website detailing the services and facilities offered.