Commercial Property For Sale   |   Westgate, Mansfield, Nottinghamshire, NG18 1QJ   |    £215,000

Summary

Lester & Bingley have an exceptional opportunity to acquire a thriving exclusive members gym positioned in the very heart of Mansfield town centre. This well-established fitness business operates from fully renovated premises, delivering impressive returns whilst offering substantial expansion possibilities within the same building.

This modern exclusive members club has cultivated a loyal customer base and strong reputation within the local fitness community. Operating from purpose-fitted premises in a prime town centre location, the business currently generates approximately £36,000 net profit annually, representing an outstanding 16.7% return on the asking price of £215,000. This exceptional performance demonstrates the strength of the established operation and the quality of its membership base.

The gym benefits from high visibility and excellent accessibility, crucial factors in attracting and retaining members in today's competitive fitness market. The central positioning ensures convenience for members whilst capitalising on Mansfield's bustling commercial environment and ongoing regeneration initiatives.

Over £100,000 worth of modern, top-tier equipment is included within the purchase price, representing exceptional value and ensuring immediate operational capability. This comprehensive equipment package would require substantial separate investment if acquired independently, making this acquisition particularly attractive.

The existing facilities have been designed to maximise both functionality and member experience, creating an environment that supports retention whilst attracting new members. The quality of the fit-out reflects the premium positioning of this exclusive members club and provides a solid foundation for continued success.

A long lease arrangement provides security and continuity for the incoming owner, ensuring operational stability whilst protecting against rental uncertainty. This lease structure offers the benefits of an established location without the capital requirements of freehold ownership, making this an accessible investment for operators seeking immediate returns.

Perhaps the most compelling aspect of this opportunity lies in the immediate expansion possibilities. An additional 3,000 square feet of vacant space is available to rent within the same building, which presents remarkable flexibility for scaling operations or diversifying revenue streams. This space could accommodate gym expansion, introduce new services such as group classes, wellness treatments, physiotherapy, or educational programs. Alternatively, this space could be sublet for fitness-related activities, social events, or community functions, creating additional income streams whilst maintaining the core gym operation.

Current performance operates below full capacity, indicating significant headroom for increased profitability through focused marketing and member acquisition strategies. The loyal existing membership provides stable recurring revenue whilst the premium facilities create an ideal environment for attracting new members.

This opportunity represents a complete turnkey investment in an established, profitable business with exceptional growth potential. The combination of strong current performance, premium equipment, secure lease arrangements, and expansion possibilities creates an investment proposition suitable for both owner-operators and investors seeking superior returns.

The business requires no immediate additional investment to continue operations, whilst the scope for enhancement ensures that returns can be significantly improved through strategic development and marketing initiatives.

Viewing by appointment only and early inspection strongly recommended given the exceptional nature of this offering.

Location

Mansfield town centre provides an ideal environment for this type of premium fitness facility. The central location ensures excellent transport links and accessibility whilst benefiting from the area's continued commercial development and population growth. The exclusive members club concept thrives in this environment, where convenience and quality are paramount considerations for potential members.

Additional Information

For further information on this property please call 01157342000 or e-mail enquiries@lester-bingley.co.uk