Busy High End Fitness Studio in Coral Gables

Listing Number: 2201-206542

Description

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.

Listing Details

• Price: $575,000
• Down Payment: $450,000
• Sellers Discretionary Earnings: $230,668
• Total Sales: $684,110
• Location: Miami-Dade County, Florida


• Inventory: $2,500
• FF&E: $73,000
• Employees: 7
• Year Established: 2019
• Reason for Selling: Personal reasons
• Category: Fitness