This cluster of Gymophobics gyms is made up of 3 gyms and 2 salons, located in East Yorkshire. The first gym has been established in the area since 2007. The franchisees then opened a further two gyms within the territory, one in 2012 and another in 2016. All three gyms are now well established and successful.
The UK Health and Fitness sector had an estimated revenue of £3.1bn in 2017. The sector has seen huge growth in recent years and this looks set to continue. Gymophobics is providing a unique fitness programme across the UK. With over 45 centres and more than 200,000 women benefitting from the programme.
The first gym is currently relocating within the city centre, which has a population of over 600,000 people. It is estimated that membership may increase by 25% once the move is completed. Benefitting from parking as well as being easily accessible by bus. With a current turnover in excess of £170,000 and continual growth in membership which now sits between 450-500 people. This gym is one of the biggest Gymophobics in the UK boasting a double circuit area, a large coffee and relaxation area as well as a hair and beauty salon.
The second gym established in 2012, is situated in a thriving market town within the territory. This gym has parking facilities and is excellently placed for the users to walk or cycle there. With a single circuit area, coffee shop and beauty salon, this gym has become a part of the community. With a turnover in excess of £120,000 and a growing membership which now stands at 350 members.
The third gym in this cluster was established in 2016 and is situated in a busy town centre within the territory. Boasting car parking facilities this gym caters for ladies in the surrounding villages. The membership has already grown to 250 members in the short time the gym has been open, with membership expected to rise to 300-350 members.
With health and fitness becoming more prominent in the UK, this cluster of gyms provides a new owner with the opportunity to acquire these fantastic businesses. These gyms are on the market due to the current owners relocating, they are continuing to support the Gymophobics brand by opening further gyms once relocated.
This information is taken from a prospectus of sale. Further information can be provided upon the signing of a Non-Disclosure Agreement.