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.”
This outstanding hotel business is now for sale in Buckingham. Since its founding in 2000 it has built up an impressive client base. Having a freehold tenure on the property aids an easy transition for a new owner. It sees a high annual turnover, pro...
FREEHOLD
The Hotels for sale on the NC500 route offer 45 letting bedrooms between the two which are run as one business for sale. The Hotels for sale offer outstanding architecture and a strong turnover.
FREEHOLD
An Inn with a picturesque location in the Isle of Whithorn on the beautiful Solway Coast of Dumfries & Galloway in South West Scotland.
FREEHOLD
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
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
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.