My Gym

My Gym – South London

Turnover £279,501

Offers in the region of £250,000

Location – London
Sector – Health and Fitness
Style – Management
Number of franchises – 11

Business Information

Franchise Resales offers a fantastic opportunity to acquire an established My Gym franchise in South London with a stellar reputation, supported by 230+ Google reviews averaging 4.9 stars. My Gym, a global leader in children's classes with 40+ years of experience across 600 locations in 30 countries, presents a unique chance to join a leading brand at an attractive price.

The current franchisee established this resale in November 2017 and currently generates monthly profits ranging from £2,000 to £10,000. Membership fees range from £49 to £69 every four weeks, with 285 current members, and the potential to grow to 400-500 members for increased profits. The business model derives revenue from structured age-appropriate classes, birthday parties, camps, and special events. Birthday parties start at £299, averaging £376 per party in 2022. Camps and special events contribute an additional £1,100 per month. Secondary income sources include retail items, snacks/drinks, open stay & play sessions, and classroom subletting.

The gym features an £81,000 internal fit-out, including carpeting, laminate flooring, air conditioning, CCTV, fire alarms, and more. Equipment worth £35,000 covers swings, zip wires, trampolines, climbing frames, and various play items.

The franchise fee provides access to weekly programming, graphic design support, website, and ongoing assistance from the franchisor, making it an excellent opportunity for individuals with strong business acumen and management skills.

This resale offers a chance to positively impact the lives of children without requiring prior sector experience, making it an ideal opportunity for potential owners.

Franchisor Overview

Since 1983, My Gym has empowered kids to have a positive self-image with award-winning programs that nurture them to become healthy adults. And since 1994, they've empowered passionate business owners in America to make a living while making a difference in their communities.

Franchising internationally since 2008 with locations in over 30 countries, My Gym has not only proven the worldwide demand for children’s fitness programs, it has elevated the expectation of an entire industry. Today, My Gym is the number 1 Children’s Fitness Franchise.

My Gym is not only committed to nurturing and enriching children’s lives, they pride themselves on putting the same dedication into developing their franchisees’ businesses around the world. Site selection support and hands-on guidance are just the beginning; extensive and ongoing curriculum training for the franchisee and their staff are critical to success and they have it down to a science.

Advice from us

This prospectus of sale has been prepared by Franchise Resales to assist in the process of selling this business. The information and details contained herein have been supplied by, and verified as correct at the time of writing, by the seller. Franchise Resales Limited is unable to confirm or warrant the accuracy of this information. Prospective purchasers should ensure that all details have been verified before proceeding. The purchaser is advised to take independent legal, financial and taxation advice in relation to any decision to purchase this or any other business, and thereby becoming a franchisee. Experience has shown us that legal processes can be protracted, and that delays caused by solicitors who don’t understand the franchise resale process are frustrating and expensive, for both parties. Therefore, we recommend that you use solicitors who are familiar with franchising.

Interested in this franchise?

What happens after you enquire?

Once you have applied for a business through our Franchise Resales website, you will be diverted to the new FR24/7 buyers’ portal. Please do not contact the franchisee directly about the sale of this business as the staff may not be aware that the business is for sale. In the portal you will be asked to sign a Non-Disclosure Agreement (NDA), we cannot supply any confidential information for any of our businesses until an NDA has been signed and approved by our team.

Approval will take up to 2 working days and will require a conversation with one of our team members. Once approved, you will be granted access to view your chosen business sectors. Here you will see the prospectus of sale for the business(s) you are interested in along with others in your chosen sectors.

Do you require funding to enable you to purchase your new business?

Franchise Resales has a fantastic relationship with all the major UK banks that have franchising departments. In the Portal you will have access to the main contacts and other funding providers that we deal with.

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