MergerPlace

Pilates and Fitness Studio

Florida (Broward)


  • Asking Price: $135,000
  • Gross Income: $186,557
  • Cash Flow: $65,712
  • Real Estate: Not Disclosed
  • Inventory: $300
  • FF&E: $79,540
  • Listing ID: #203694
  • Established: 2011
  • Employees: 13

Business Description

Pilates & fitness studio located in an affluent area. Features Pilates, yoga, spinning, TRX & private instruction. Clean & well-maintained. The space size and flexibility makes it large enough to host a variety of classes, but not so large that it feels like an impersonal health club. An owner who also serves as an instructor would significantly reduce the labor expense (the financial information reflects this). Schedule could expand to add mid-day, afternoon & weekend classes. Please refer to listing number 0101-89972 and advisor Howard Schulman when inquiring.


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: Florida
County: Broward

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 13

Financial Information

Asking Price: $135,000
Gross Revenue: $186,557
Cash Flow: $65,712
FF&E: $79,540
Inventory: $300
Seller Financing Available: No

Property Information

Facilities:

Lease/Month: 4261.43 Square Footage: 1998 Building Type: Retail Strip Terms & Options: One three-year option Expiration Date: 3/31/2020

Growth & expansion opportunities:

Business would benefit from an owner who also serves as an instructor; this would significantly reduce the labor expense (the financial information reflects this). If the owner were an instructor revenues could also increase by expanding the number of private instruction (classes) given. A full schedule of classes is offered in the mornings and late afternoons, but this could be expanded by adding mid-day classes, as well as afternoon classes on the weekends. Space is flexible and could be used for new styles of fitness instruction or dance classes.

Competition:

Most fitness facilities in the area are large health clubs or smaller, specialized studios -- some just offer private instruction without any group classes. This studio is mid-sized which has the advantage of being able to offer many classes, yet provide a personal touch to the clients. It also has flexible space that can be used for yoga, TRX, dance, martial arts, or potential new styles of fitness instruction. The size also helps keep overhead at a manageable level. The location is in a retail strip center on an extremely busy street and in close proximity to affluent neighborhoods.

Reason for selling:

Other business

Support & Training:

Seller will train for two weeks at no additional cost

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:

Howard Schulman

Transworld Business Brokers