Growing Fitness Center

Miami-Dade County, FL

Growing Fitness Center

Asking Price:$550,000

Cash Flow:N/A

Gross Revenue:$48,533

EBITDA:N/A

FF&E:$70,000

Inventory:$5,000

Rate/Sq. Ft.:N/A

Established:2014

Growing Fitness Center

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Business Description

This young business is only 1 1/2 years old and is starting to experience growth. Potential numbers are huge in this affluent area. There are residential developments rising up and other established businesses and residences in the surrounding area. For example, there is a condo across the street with 370 units, another 375 unit within the same building, another two buildings are to start construction in the next 6 months at 300 units each. Additionally, a luxury automobile headquarters and dealership is due to be finished by 2017 across the street. All this in addition to already existing high profile businesses and
residences.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
3 FT / 5 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
There are 17 reserved parking spaces in the building for the gym members. A/C and flooring throughout, in addition to brand new state of the art equipment and membership tracking, billing, accessories sale as well as snacks/ shakes vending machines.
Competition:
Body and Soul, 13 years in business, regular gym + crossfit as an extra to their members, established. CrossFit box, 7 years in business. However, this is the ONLY 5-star rating gym in South Florida, on Google and Facebook.
Growth & Expansion:
Currently experiencing huge growth majorly due to fitness challenges being conducted every six weeks. Membership expected to exceed 160 members by end of November 2016. Please see attached worksheet for projections.
Support & Training:
Will train for 2 weeks @ no cost. Requires a Level 1 Certification for this type of fitness center.
Reason for Selling:
Owner selling due to family demands reasons.

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Murphy Business

Business Listed By:
Murphy Business

Murphy Business & Financial Corporation

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The Georgia Association of Business Brokers (GABB).

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