Busy High End Fitness Studio in Coral Gables

Not Disclosed, FL
Miami Dade County


Asking Price: Annual Revenue:
$575,000 $684,110

Recreation: Gyms, Health & Fitness, Sports


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RE: Busy High End Fitness Studio in Coral Gables Broker: Fernando Mello
Owner Financing is Available!
Loan/Seller - Amt: 125,000 Mos: 24 Rate: 7.00 Mo Pmt: 5,596.57

Quick Facts

Asking Price: $575,000
Annual Revenue: $684,110
Net Profit: Not Disclosed
Cash Flow: $230,668
Total Debt: Not Disclosed
FF&E: $73,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 7
BBN Listing #: 5487630
Broker Reference #: 2201206542

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Business Overview:

No expense was spared in this boutique fitness studio. This 3,663 SF facility is located in a busy intersection, in the heart of one of the wealthiest areas of Miami, with an extremely attractive lease deal secured for 10 years. The place was entirely designed by architects to meet the sophisticated and demanding profile of the neighborhood residents. The studio's programs and classes explore a modern combination of martial arts with cardio, weight, and HIIT practices for all ages and fitness levels and attract the trendy crowd of the city. The social media profiles are very active and highly rated. There are multiple revenue streams, with the bulk coming from recurring above-market-average memberships. This business is fully operational and growing month-by-month. The financials disclosed reflect an annualized projection by the owner as of May/2022, considering that it is currently a franchise but will cease to be in a few months, and therefore there will be no more franchise fees. This business should easily qualify for a Visa. Requires NDA and PFS or POF for further disclosure. Please refer to listing 2201-206542 and advisor Fernando Mello when inquiring.

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Property Features and Assets:

Lease/Month: $,14020.22; Square Footage: 3,663; Building Type: Commercial; Terms & Options: + 5 years option; Expiration Date: 8/31/2029

Reason for Selling:

Personal

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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