Tue, 08 May 2012 | BUSINESS SALE
Pure Gym could be for sale in the near future as the firm has recently appointed corporate finance house Hawkpoint to review its business.
The company is known for providing an alternative approach to gym membership. Instead of tying customers into the service, it allows them to avoid fixed-term contracts and pay for membership a month at a time.
Pure Gym also offers a stripped-down experience in comparison to many of its competitors, allowing it to keep its prices low.
It's clearly a winning formula as pre-tax profits in the year to February stood at £1.2 million, compared to just £10,613 in the previous year. Meanwhile, turnover rose from £6.3 million to £16.8 million.
The business is continuing to grow its operations and opened 12 gyms over the past year, taking its total to 22, after operating initially with just two locations in London. The appointment of Hawkpoint, as reported by the Telegraph, could be a sign that a buyer is being considered to allow for the development of further gyms in the future.
Peter Roberts, former boss of the Golden Tulip hotel chain, runs the Pure Gym business, while it is chaired by Sir Nick Pearson, former director of Intercontinental Hotels.
This thriving company, specialising in yoga equipment and wellness products, offers a unique opportunity with its extensive stock, experienced team, and potential for growth through innovative marketing strategies.
This well-established business, a market leader in tube manipulation and welding services, presents a unique opportunity with a loyal client base across the UK and international markets.
A well-established glazing and glass business located on a business park in Derbyshire offers solid partnerships with local businesses and the council.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.