Outstanding Retail Health and Fitness Business For Sale St Helier, Jersey, Channel Islands, United Kingdom Advert ref: 241 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.
Years established: 25
Employees: 5
Relocatable: This business can be relocated.
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.
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
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| | Financial details Asking price: £98,500
Sales revenue: £230,000
Net profit: £37,380
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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