Outstanding Retail Health and Fitness Business For Sale

Business description

Long established, successful and profitable retail business. Excellent reputation on the Island. High growth fitness sector. Varied high quality fitness equipment sold and hired. Bouncy Castle hire provides strong additional income. Gross margin 63%. Includes net current assets of £11,661.

Property information

Property:

Leasehold

Lease terms:

Full internal repairing running from December, 2007 to November, 2016, with options to terminate on the third and sixth anniversaries, subject to three months notice. Annual rent £14,560. Annual rent reviews related to Jersey RPI.

Location:

Busy main road on outskirts of St Helier. Parking on and off site.

Other information

Expansion potential:

Excellent in expanding health and fitness market.

Competition / Market:

The company was virtually the first in its field and its growth has meant competition is minimal. Although other operators have attempted to gain access to the market, our client's dominant position has ensured it remains by far the most popular health and fitness alternative on the Island.

Support & training:

Our client is prepared to help fully in a succesful handover.

Reasons for selling:

The vendor, having built the business so successfully, now wishes to concentrate on other interests which she has built up in tandem, but not competitively, with this business.

Financing available:

Yes, subject to status, with Barclays International Corporate Banking