MergerPlace

World's Fastest-Growing Fitness Studio

Florida (Hillsborough)


  • Asking Price: $264,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $130,000
  • Listing ID: #224283
  • Established: 2019
  • Employees: 1 FT / 3 PT

Business Description

Save $170,000! Seller Financing offered! Motivated Seller! Because the Partner scheduled to run this business left due to personal circumstances. Absentee Owner has invested over $335,000 in this new facility. Forbes article pronounced, "Innovation And [franchise]: How Technology Has Fueled The World's Fastest-Growing Fitness Studio". Called the "gym of the future", this program features shorter, efficient workouts that are HIIT-like, which is popular with most consumers who have little time. The program incorporates a holistic model that includes food and lifestyle. This is an International franchise, with over 1,750 locations in 45 countries around the world. New owner can capitalize on the upcoming new year rush for this industry. The program appeals to "soccer moms" and professional athletes. Franchise provides all the systems and processes for success.


Business Details

Primary Business Category: Services - Other Services
Location: Florida
County: Hillsborough

Company Information

Year Established: 2019
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT / 3 PT

Financial Information

Asking Price: $264,000
FF&E: $130,000
Inventory: $1,000
Seller Financing Available: Yes

Property Information

Facilities:

Over $130K of all new equipment less than 12 months old. Extensive electronics and video equipment. Complete $75K build-out which exceeded franchise guidance. The neighboring businesses are; a gymnastics training facility on one side, and a large piano instruction facility on the other side. Over 300 parents come by the location every day. Offering these parents a 45 minute workout while their child gets their instruction, could be very profitable.

Growth & expansion opportunities:

Traditionally, people sign up for fitness programs at the start of a new year. This business is already growing by 10% per month, under current conditions. With a membership business model, once the target number of members are enrolled the income is consistent. For future growth, additional locations are available for expansion.

Competition:

This is an International franchise, with over 1,750 locations in 45 countries around the world. According to Entrepreneur Magazine, this is ranked #68 of the 2020 Franchise 500, which is the top 500 of all franchises. It's ranking is up 229 spots from 2019. Other articles refer to this business as; "The gym of the future", and "the fastest-growing boutique fitness franchise".

Reason for selling:

Partner who was scheduled to operate this business left due to personal circumstances. Absentee Owner has other business interests requiring his full attention.

Support & Training:

Will train for 2 weeks @ no cost No special licenses required. All equipment and programs have been carefully structured by the franchise to be safe and effective. A new owner should have basic business skills and be motivated to build the membership. This location had 120 members join at the opening of the business. Then Covid happened. Currently back up to over 70 members, working toward over 100 members by end of the year. New owner will be professionally trained by the franchise on the programs and processes that insure success. They have done it over 1,750 times.

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:

Mark Purtee

Murphy Business Brokers