MergerPlace

Brand New Fitness Studio in Miami

Florida


  • Asking Price: $299,000
  • Gross Income: $275,000
  • Cash Flow: $15,915
  • Real Estate: Not Disclosed
  • Inventory: $5,111
  • FF&E: $215,786
  • Listing ID: #225555
  • Established: 2019
  • Employees: 7

Business Description

Price Reduced. Owner very motivated!

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 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.


Business Details

Primary Business Category: Retail Trade - Sporting Goods, Hobbies, Books
Location: Florida

Company Information

Year Established: 2019
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 7

Financial Information

Asking Price: $299,000
Gross Revenue: $275,000
Cash Flow: $15,915
FF&E: $215,786
Inventory: $5,111
Seller Financing Available: No

Property Information

Facilities:

Lease/Month: 11511 Square Footage: 2100 Building Type: Strip Center Terms & Options: 5 years Expiration Date: 1/11/2030

Competition:

Weeks Training: 2 Cost: $0

Reason for selling:

Other business interests

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Fernando Mello

Transworld Business Brokers of Central Florida