Status: Sold
Franchise Fitness Studio Powerhouse - Listing #: 54377

Listing No: BBF-966-54377  
   

Category :  Fitness SIC :  7999  
Detail :  Martial Arts Price : 59,000  
County :  Pinellas Down :  25,800  
State/Prov :  Florida Disc Earn :  180,000  
Country :  USA Sales :  900,000  

***PROFIT IS PROJECTED***SIGNIFICANT SELLER FINANCING AVAILABLE FOR RIGHT BUYER***

Rare opportunity to acquire or partner in a turnkey fitness franchise location in the surrounding Tampa, FL area at a value price due to unexpected circumstances for the current owners. This boutique fitness studio powerhouse specializes in weight loss transformations through fitness, nutrition, and accountability coaching. Alternatively, you can bring your own fitness brand to the space, coaching included for a value investment.

Seller originally acquired 2 previously opened locations when the previous owner had financial difficulties in the Tampa area with plans to reopen both locations, opened the first, is now relocating due to unexpected good fortune in his other business, and needs to reduce their portfolio. This second location is ready to be opened and primed for growth.

The available location and acquisition cost includes a build out valued at over $315,000, FF&E valued over $120,000, $50,000 standard franchise fee, and more. At $59,000 this investment represents significant savings in both time and money compared with opening a brand-new franchise location. The sellers are offering a great deal to have this location taken “off their plate,” due to an unexpected good fortune in their "day job," leading to an opening of an amazing opportunity for the right buyer. Plus, the sellers will train the new owner and are offering a training period of an unusually long 180 days at no charge. Alternatively, for the right individual, a partnership in the venture is also on the table. The current owner’s experience includes a track record of coaching fitness and gym centers for growth and profitability, a $20k+ value, and is part of a YouTube success story.

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 SET UP A MEETING

Reason for Sale :  Relocation
General Location :  Tampa
Organization Type :  'LLC'     Hours Owner Works: 0
  : Years Established: 1  Years Owned:  1  Emp FT:  0  Emp PT:  0  Mgrs:  0
Non Compete :  Miles:  18  Years:  5  Weeks Training:  24  Cost:   $0
Operating days/hours :  6:00AM-8:00PM (Mon.-Fri.) 8:00AM-12PM (Sat.) Closed (Sun.)
Skills/Licenses :  None
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: Y    Is Lender P/Q: N    Should Qualify For Visa: Y

Data Source Proforma      
Year (Cash Flow) 2024 (N) (N) (N)  
Gross Revenue 900,000 0 0  
Cost of Goods 300,000 0 0  
Gross Profit 600,000 0 0  
Expenses 420,000 0 0  
Net 180,000 0 0  
Owner Salary 0 0 0  
Benefits 0 0 0  
Interest Expense 0 0 0  
Depreciation 0 0 0  
Other 0 0 0  
Discretionary Earnings 180,000 0 0  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 7,000 N* ___________ 0 N*
F F & E 124,487 Y* Total Assets 439,487 Y*
Leasehold 315,000 Y*
*Included?  

Lease/Month: 7987 Square Footage: 3000 Building Type: Strip Center
Terms & Options: New long term lease avail Expiration Date: 9/1/2028

Loan/Assumable - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Seller - Amt:  0  Mos: 0  Rate: 7.00  Mo Pmt: 0.00  
Loan/Other - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  

RONALD MARK VANDIVER Office :  (239) 849-9334  
ASSOCIATE Fax :    
  Home :  (314) 971-0984  
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell :  (314) 971-0984  
2640 GOLDEN GATE PARKWAY, SUITE 204        
NAPLES, FLORIDA 34105 Email :  rvandiver@sunbeltnetwork.com  
USA Home Page :  sunbeltofflorida.com