MergerPlace

Spinning Gym

Florida (Miami-Dade)


  • Asking Price: $115,000
  • Gross Income: $216,000
  • Cash Flow: $34,020
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $54,000
  • Listing ID: #204704
  • Established: 2017
  • Employees:

Business Description

Boutique-style Fitness Studio located in the most trendy area of Downtown Miami. Surrounded by a great variety of restaurants, street art and unique stores, the studio offers a warm atmosphere appealing to anyone looking for a great workout experience. The business has 22 brand new spinning bikes, remote controlled lights and high definition sound system. The studio is ideal for adding Yoga Classes, Pilates, Personal Training, TRX and more. Excellent ratings on Yelp, Facebook and Google. Top of the line reservation system which allows client to reserve through an app. Data base of over 1,200 clients.


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: Florida
County: Miami-Dade

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $115,000
Gross Revenue: $216,000
Cash Flow: $34,020
FF&E: $54,000
Seller Financing Available: Yes

Property Information

Facilities:

The business is located in a high traffic area within a small commercial building. It is located in the most trendy area in downtown Miami. The studio has a comfortable and inviting waiting area, with dress-rooms and lockers. Access to the Rooftop area, where classes and events are offered at no additional cost.

Growth & expansion opportunities:

The business is just starting, the business can grow offering additional classes and additional advertising. The space could be rented for events.

Competition:

This is a small place, so classes are more personalized and and the environment is superior. They concentrate on spinning classes with certified instructors. Clients have the option to pay per class. Only boutique-style fitness facility in this area with access to the Rooftop. Providers of the only outdoor spinning class in town.

Reason for selling:

Partnership issues.

Support & Training:

Will train for 1 week @ no cost. No special license is required. However, all their instructors are certified.

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Business Listed By:

Andy Fischer

Murphy Business Brokers