He is said to be working with DC Advisory and hopedsto attract offers which valued the whole of his business at around £350m, according to Sky News.
Mr Bannatyne spent 12 series on the BBC investment show Dragons’ Den, investing millions of pounds in companies but gaining a reputation as a tough negotiator with his famous phrase “I’m not investing in your company. I’m out”.
His leisure empire trades from 71 gyms, 46 spas and four hotels and with payroll of 3,000 people, he is a significant private sector employer.
The business now has more than 210,000 members and expects “significant further growth” this year.