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Service, Repair And Sale Of Gym/Exercise Equipment For Sale

South West England, United Kingdom
Asking Price:
£240,000
Sales Revenue:
£273,000
Cash Flow:
Available on request

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.

Customers include:
• Schools
• Colleges
• Sports clubs
• NHS Hospitals
• Police Stations
• Hotels
• Leisure Centres

The vendor has an excellent team of freelance staff and one full time engineer who runs the workshop business on a day to day basis; and accounts for circa 60% of general activity. Staff are fully conversant with the latest equipment and workshop techniques and the business is compliant with all necessary health and safety regulations and codes of practice.

Location is ideal being close to main trunk roads including the A38 and M5 motorway giving rapid & easy access throughout the South West; and also has ample storage and workshop capacity.

A small amount of business is in the sale of reconditioned equipment and domestic customers account for circa 5% of trading.

Equipment:
The business has a comprehensive range of equipment and spares as you would expect from a very well established specialist business of this kind. All plant and equipment is included within the sales price.

Customer Service:
The business offers an excellent standard of service and is proud of their attention to customer care offering professional advice and high quality workmanship. This is evident in the very high levels of repeat business the business enjoys and the fact it does not need to advertise.

Staff are up to date with all technical requirements for the popular fitness brands, including:

Wattbike
Lifefitness
Cybex

Key Strengths:
The business has many strengths including

• Enviable reputation in the region it serves
• Huge customer base
• Exceptional levels of service
• Repeat business levels and referrals
• Significant investment in infrastructure.
• Highly skilled workforce
• Profitability
• Location

Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover of c. £273,000 per annum (2017 accounts)
Gross profit c. £169,000
Net Assets c. £358,000
Adjusted EBITDA £147,000

The business generates impressive profits. The vendors have invested in the infrastructure of the business over the years and it has a highly impressive level of plant and equipment that is included within the sales price.

Property information

Property:

Leasehold

Lease Terms:

Premises are leasehold. Current rent is circa £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.

Premises Details:

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.

Business Operation

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.

Competition / Market:

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.

Reasons for selling:

Genuine retirement sale.

Trading hours:

Monday – Friday: 08:00-17:00

Employees:
01
Years established:
15

Other Information

Support & training:

The current owners would be happy to provide full training and support at handover.

Contact Information

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  2. Country

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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