PureGym acquires London fitness chain for an undisclosed amount

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.”


Share this article



Latest Businesses for Sale

Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD


Children’s Play Centre
West Yorkshire, Yorkshire and the Humber, UK

An opportunity to acquire this lucrative spacious children’s play centre situated in the heart of a busy West Yorkshire town and with easy parking. The business is worked in easy hours over seven days. Offers invited.

Asking Price: £149,950
Turnover: £391,780

LEASEHOLD


Play Centre & Trampoline Park
Tyne And Wear, Yorkshire and the Humber, UK

This is without doubt one of the finest businesses of its type and really must be viewed to fully appreciate the quality and scale of this concern. The business has been owned by our clients since 2002 and is predominately run by staff. Offers invite...

Asking Price: Offers Invited
Turnover: £384,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources