High End Boutique Fitness Studio in Miami

Miami, FL
Miami Dade County

Asking Price: Annual Revenue:
$700,000 $678,525

Recreation: Gyms, Health & Fitness, Sports

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RE: High End Boutique Fitness Studio in Miami Broker: FERNANDO MELLO

Quick Facts

Asking Price: $700,000
Annual Revenue: $678,525
Net Profit: Not Disclosed
Cash Flow: $199,292
Total Debt: Not Disclosed
FF&E: $73,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 7
BBN Listing #: 5110630
Broker Reference #: 2201746567

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Business Overview:

No expense was spared in this boutique fitness studio, which is a very successful franchise of the most prestigious and widely recognized brand in the sports/fitness industry. This 1.5-year-old, 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 franchisor provides extensive operational training and support, as well as 360 marketing. 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, having reached operational breakeven in April/2021. The financials disclosed reflect an annualized projection by the owner as of May/2021. This business should easily qualify for a Visa. Requires NDA and PFS or POF for further disclosure. Please refer to listing number 2201746567, business broker Fernando Mello 561-609-7371 when inquiring about this listing.

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Property Features and Assets:

Lease/Month: 12844 Square Footage: 3,667 Building Type: Commercial Terms & Options: Additional 5 yrs option Expiration Date: 8/31/2029

Market Competition and Expansion:

Non Compete: Miles: 5 Years: 5

Reason for Selling:

Personal reasons

Additional Details:

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

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