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Cutting Edge Fitness Center

Financial Information

  • Asking Price: $597,475
  • Gross Revenue: $780,130
  • Cash Flow: $199,159
  • Down Payment: $60,000
  • FF&E (Included): $25,000
  • Inventory: $5,000
  • Financing: No

Business Location

  • Fort Myers
  • Florida
Primary Business Category: Fitness and Recreational Sports Centers

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.


Competition Description

There is no other competitor that has this business model within a 15-20 mile radius.


Growth / Expansion overview

There are opportunities to grow into other markets using the same successful model


Support / Training Comments

Owner is absentee. Owner and the manager of this location will train for 2 weeks after the closing.


Financing Comments

SBA approved


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 2018
  • Franchise: No
  • Year Acquired: 2018
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: 6
  • Hours Open: 5am -10am 4pm-7pm. Sat 7am-10am
  • Fulltime Employees: 5
  • Part time Employees: N/A
  • Is Management Staying: Yes
  • Distressed: No
  • Monthly Payroll: $19,667
  • Building Size: 4900 sq ft
  • Monthly Rent: $11,037
  • Lease Expires: 01/28/2028

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Business Listed by

Sunbelt Naples & Fort Myers

Contact: Joe Alter
Office Phone: 855-969-3534
Mobile Phone: (239) 849-9334
Listing ID: NAPFL001-N109

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