Brand New Fitness Studio in Miami

Not Disclosed, FL
Miami Dade County

Asking Price: Annual Revenue:
$37,500 $275,000

Recreation: Gyms, Health & Fitness, Sports

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RE: Brand New Fitness Studio in Miami Broker: FERNANDO MELLO

Quick Facts

Asking Price: $37,500
Annual Revenue: $275,000
Net Profit: Not Disclosed
Cash Flow: $15,915
Total Debt: Not Disclosed
FF&E: $215,786
Real Estate: Not Disclosed
Year Established: 2019
Employees: 7
BBN Listing #: 6561630
Broker Reference #: 2201388229

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Business Overview:

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 when inquiring about this listing.

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Property Features and Assets:

Lease/Month: $11,511; Square Footage: 2,100; Building Type: Strip Center; Terms & Options: 5 years; Expiration Date: 1/11/2030

Market Competition and Expansion:

Non Compete - Miles:10; Years: 5

Reason for Selling:

Other business interests

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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