Brand New Fitness Studio in Miami

Business Description

This is an upscale fitness studio offering instructor-led high-intensity interval training classes, located in one of the most affluent areas of Miami. It is a successful franchise concept with more than 20 locations across the US. The studio was opened at the end of 2019 and had to close for three months in 2020 due to Covid. Sales went down 60% after Covid's mandatory closure. Currently, the studio is running at minimum operating capacity but with a community of members (paying around $130 per month) and trained instructors in place. The franchisor provides on-going marketing, operational and instructor support. Established presence on Facebook and Instagram with 5-star rating reviews on Google. The owner does not work in the business. This is an opportunity to continue with this growing franchise or go forward as an independent fitness studio. The 2021 projections were provided by the seller. May qualify for a visa. Please refer to listing number 2201388229, business broker Fernando Mello 561-609-7371 when inquiring about this listing.