Status: Sold
Cutting-Edge Fitness Center in S.W. Florida - Listing #: NAPFL001-N109
| Listing No: BBF-966-002109 | |
| Category | : | Fitness | SIC | : | 7991 | |
| Detail | : | Fitness Center | Price | : | 598,000 | |
| County | : | Lee | Down | : | 59,800 | |
| State/Prov | : | Florida | Adj Net | : | 199,158 | |
| Country | : | USA | Sales | : | 780,130 |
|
***Under Contract***After 2 years in business, the Studio reached $1 million in sales. As with most gyms, closures due to the pandemic decreased revenue in 2020 to $687,579. Members returned in 2021 with revenue at $780,103. Business continues to grow as past clients join new clients for intense, coach-led 30-minute routines designed to target fat and improve health. Even through the pandemic, the Seller maintained the cash flow margin at 24%. The Seller's Discretionary Earnings for 2020 were $165,662 and $192,705 for 2021. This enterprise targets women ages 25-55 with disposable income. The Studio is expert at marketing using both online social media and email marketing, and offline direct mail and local events and charities. The Buyer is set up for success with an expert staff of 5, including 3 coaches, a long-term clientele, $25,000 in assets, $5,000 in inventory, an outstanding 5-star reputation, ideal location, and 24% average cash flow margin. |
| Documents on File | : | Equipment List: Y Lease: Y Corp Resolution: Y |
| : | Cash Flow: N Balance Sheet: N |
| : | Standard Agreement: N Signature on File: Y | |
| Showing Remarks | : | CALL BROKER TO SCHEDULE A SHOWING |
| Reason for Sale | : | Other Business Interests |
| General Location | : | Fort Myers |
| Organization Type | : | 'LLC' Hours Owner Works: 0 |
| : | Years Established: 4 Years Owned: 4 Emp FT: 5 Emp PT: 0 Mgrs: 1 | |
| Non Compete | : | Miles: 5 Years: 10 Weeks Training: 2 Cost: $0 |
| Operating dys/hrs | : | M-F 5am -10am & 4pm-7pm Sat 7am-10am |
| Skills/Licenses | : | None |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source | P/L Statement | P/L Statement | P/L Statement | |
| Year (Cash Flow) | 2021 (N) | 2020 (N) | 2019 (N) | |
| Gross Revenue | 780,130 | 687,579 | 1,000,043 | |
| Cost of Goods | 66,035 | 44,352 | 82,828 | |
| Gross Profit | 714,095 | 643,227 | 917,215 | |
| Expenses | 521,390 | 477,565 | 677,911 | |
| Net | 192,705 | 165,662 | 239,304 | |
| Owner Salary | 0 | 0 | 0 | |
| Benefits | 0 | 0 | 0 | |
| Interest Expense | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other | 0 | 0 | 0 | |
| Owner Benefit | 192,705 | 165,662 | 239,304 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 5,000 | Y* | ___________ | 0 | N* |
| F F & E | 25,000 | Y* | Total Assets | 30,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 11037 | Square Footage: 4900 | Building Type: outdoor Mall |
| Terms & Options: New long-term lease avail | Expiration Date: 10/12/2028 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 598,000 | Down Payment | 59,800 | |
| Working Capital | 40,000 | Loan/Assumable | 0 | |
| Loan Fees | 25,000 | Loan/Seller | 0 | |
| Closing Costs | 5,000 | Loan/Other | 608,200 | |
| Total | 668,000 | Total | 668,000 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Other | - Amt: | 608,200 Mos: | 120 Rate: | 5.75 Mo Pmt: | 6,676.16 |
| JOSEPH ALTER | Office | : | (239) 849-9334 | |
| BROKER | Fax | : | ||
| Home | : | (239) 849-9334 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 849-9334 |
| 999 VANDERBILT BEACH RD. STE 200 | ||||
| NAPLES, FLORIDA 34108 | : | jalter@sunbeltnetwork.com | ||
| USA | Home Page | : | sunbeltofflorida.com |