Mon, 25 Jun 2018 | BUSINESS SALE
Leeds-headquartered PureGym has acquired nightclub-owner Jeremy Norman’s Soho Gyms in a multimillion-pound sale. The acquisition of the 10 London gym locations will take PureGym’s fitness base to a total of 59 locations across the city.
Soho Gyms will be converted to the PureGym format in a rolling refurbishment scheme, but will continue to operate under its current brand in the meantime.
Chief Executive Humphrey Cobbold said: “We’re absolutely delighted to announce the acquisition of Soho Gyms and look forward to welcoming their members to PureGym.
“As the leading gym operator in the country and in the capital, this will clearly benefit our existing members as well as provide more affordable and flexible options to people across London.”
Launched in 2009, PureGym has grown to become the UK’s largest fitness chain by membership, and has over 200 sites across the country with 24-hour services. It reached one million users in February 2018, and offers a number of affordable monthly and contract memberships for its customers.
Managing director of Soho Gyms, Michael Crockett, said: “Pure Gym offers a highly attractive and flexible proposition and its popularity is evidenced by continued strong growth in both members and sites.
“This transaction will give users of Soho Gyms access to the largest network of gyms in the UK. I’m confident that our members will benefit from the combination and that PureGym’s investment across the estate will further enhance the services our sites deliver.”
Multiple award-winning business. Solid range of quality cask ales, bitters, beers, porters and stouts. Strong branding which has local meaning but would have national appeal. Portfolio of distinctive pubs in key locations. Profitable track record, ag...
Well established and reputable wedding service provider. Specialism in designing bespoke, innovative and creative wedding Mandaps and stages. Expertise in staging events in prominent, large-scale London venues. Upward trend in average transaction val...
Places candidates in temporary, freelance and permanent positions on behalf of both corporate events departments and events agencies.Constantly growing client base, presently circa 100 clients, around 95% of whom provide repeat business. Offers invit...
The UK government has launched the Coronavirus Business Inte...
Business consultancy firm Ameo has been acquired by AIM-list...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources