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 is a unique opportunity to acquire a well-established UK business specialising in hosting, managed IT services, and backup software solutions.
This is a unique opportunity to acquire a well-established manufacturer and supplier of NDT calibration products operating in a specialised industry.
An opportunity has come about to acquire the business and/or entire assets of a company which manufactures precision presswork and fabricated components, supplying into the automotive and other industrial sectors.
29
|
Apr
|
UK administrations update: April 22 – 29 | ADMINISTRATION
Since our last update, the following businesses have been co...
29
|
Apr
|
Building services group SI Sealy undergoes a Management Buyout | MBO/MBI
Stockport-based decarbonisation and building services design...
28
|
Apr
|
French group Egis buys U.K. engineering firm Omnia Projects | BUSINESS SALE
French group Egis has acquired Omnia Projects, a UK-based en...
29
|
May
|
Pure Gym buys rival business LA Fitness | BUSINESS SALE
Pure Gym has confirmed this morning (29 May) that the compan...
11
|
Feb
|
Pure Gym and The Gym Group prepare to merge | MERGER
Two fitness centre businesses, Pure Gym and The Gym Group, a...
05
|
Mar
|
Granada Learning on the market | BUSINESS SALE
Granada Learning, one of the UK’s main providers of t...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.