OperationsJul 6, 2026
Founding memberships reach 1,100
Pre-sold memberships now cover 153% of the club's breakeven. Build-out is 60% complete with recovery-suite equipment arriving in September.
All opportunities
Almost FundedHealth & Hospitality Boca Raton, Florida
The Grove Wellness Club
A premium wellness and social club with 1,100 founding-member commitments before opening.
Sponsored by Grove Lifestyle Partners 176 members participatingLast updated Jul 6, 2026
Overview
Executive Summary
The Grove Wellness Club brings the private-club model to the wellness economy: a 22,000 sq ft Boca Raton facility pairing longevity-focused training and recovery services with a social café and workspace. 1,100 of 1,400 membership slots are reserved with deposits before opening — de-risking the revenue ramp that sinks most fitness concepts.
Project Description
The club includes strength and cardio floors, four recovery suites (cold plunge, sauna, compression, red light), two group studios, a physiotherapy partner suite, and a member café. Memberships run $290–$450 monthly across three tiers, with founding members locked at preferred rates.
Market Opportunity
Boca Raton's affluent 35–65 demographic spends heavily on health and longevity services, yet the market offers only conventional gyms and day spas — no integrated club. The sponsor's prior three-location club group reached 4,800 members before its 2022 sale to a national operator.
Investment Thesis
Pre-sold demand covering 153% of breakeven before construction completes, a sponsor who has built and exited this exact model, and a hybrid structure giving members both equity upside and top-line revenue participation from opening day.
Current Status
Build-out is 60% complete with opening targeted for November 2026. The offering is 92% committed.
Investment Highlights
1,100 pre-sold memberships
79% of capacity reserved with deposits before opening — 153% of the 720-member breakeven.
Sponsor has done this before
Built a three-location club group to 4,800 members and sold it to a national operator in 2022.
Recurring revenue model
78% of projected revenue is monthly membership dues.
Dual return streams
Members hold 35% of equity plus a 4% share of gross revenue paid quarterly.
No comparable competitor
No integrated wellness-club concept operates in the Boca Raton trade area today.
Build-out underway
Construction 60% complete with opening targeted for November 2026.
Investment Terms
- Offering entity
- Grove Wellness Club LLC
- Investment type
- Equity & Revenue Participation
- Security type
- Class B Units with Revenue Participation
- Minimum investment
- $5,000
- Maximum investment
- $150,000
- Target raise
- $1,200,000
- Maximum raise
- $1,400,000
- Price per unit
- $500
- Target annual return
- 15.2%
- Profit split
- Members hold 35% of equity plus 4% revenue participation
- Target hold period
- 5 years
- Distribution frequency
- Quarterly
- Offering deadline
- Aug 1, 2026
- Accreditation
- Open to all approved members
Financials
Sponsor projections — explore how the numbers move under different scenarios.
The sponsor's underwritten projection. All figures are sponsor projections.
Projected Revenue vs. Expenses
Projected Investor Distributions
| Five-Year Forecast | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $5,300,000 | $5,936,000 | $6,648,320 | $7,446,118 | $8,339,653 |
| Expenses | $3,816,000 | $4,273,920 | $4,786,790 | $5,361,205 | $6,004,550 |
| Operating Income | $1,484,000 | $1,662,080 | $1,861,530 | $2,084,913 | $2,335,103 |
| Cash Flow | $1,276,240 | $1,429,389 | $1,600,916 | $1,793,025 | $2,008,189 |
| Distributions | $765,744 | $857,633 | $960,550 | $1,075,816 | $1,204,913 |
Capital Stack
Total capitalization $2,050,000
Senior Debt$656K · 32%
Member Equity (The Circle)$1.2M · 59%
Sponsor Co-Investment$194K · 9%
Est. stabilized value
$3.1M
Projected exit value
$3.9M
Sources & Uses
Sources
- Equipment & TI Financing$656K
- Member Equity & Revenue Units$1.2M
- Sponsor Cash Investment$194K
- Total$2.0M
Uses
- Facility Build-Out$1.1M
- Fitness & Recovery Equipment$520K
- Pre-Opening Payroll & Marketing$250K
- Operating Reserve$200K
- Total$2.0M
Model your investment
Your investment$10,000
$5,000 min20 units @ $500$150,000 max
Per quarterly payment
$225
Projected annual income
$900
Income over 5 yrs
$4,500
Projected value, yr 5
$20,289 · 2.03x
Portfolio fit: Hospitality would move from 21% to 24% of your committed portfolio with this investment.
Illustrative projection compounding the base scenario of the sponsor's target return over the full hold. Estimates only — never a guarantee.
Invest $10,000Business Plan
Business Model
Recurring membership revenue (78% of total) supplemented by café, guest passes, and partner-suite rent. Breakeven sits at 720 members — 65% of what is already reserved.
Use of Funds
Facility build-out and equipment, recovery-suite installation, pre-opening staffing and training, and a first-year operating reserve.
Potential Exit Strategy
Sale to a national club aggregator in year 4–6 — the same exit path the sponsor executed in 2022 — or a second-location expansion recapitalization that returns member capital early.
Sponsor
Grove Lifestyle Partners creates premium wellness and social-club concepts in affluent South Florida markets, combining recurring membership revenue with hospitality operations. The team previously built and sold a three-location fitness-club group.
14
Years experience
5
Completed projects
2
Current projects
$29M
Total project value
Team
- IF
Isabella Ferreira · Managing Partner
Built a regional club group from one to three locations before exiting in 2022.
- CN
Chris Naylor · Head of Member Experience
Two decades in luxury hospitality and private-club operations.
Previous projects
Meridian Club Group (3 locations)
Grown to 4,800 members · sold to national operator 2022
Track record provided by the sponsor. Past performance does not predict future results.
Documents
The complete document room for this offering.
Project Timeline
Mar 20, 2026
Opportunity Announced
Opportunity introduced to The Circle with preliminary materials.
Apr 3, 2026
Member Preview Opened
Full data room, financial model, and sponsor Q&A opened to members.
Apr 20, 2026
Offering Opened
Commitments accepted from approved members.
Aug 1, 2026
Target Funding DateCurrent
Offering expected to reach its target raise.
Nov 20, 2026
Club Opening
Capital deployed and the project moves into execution.
May 31, 2027
1,200 Active Members
Key operating milestone on the path to stabilized performance.
Feb 28, 2027
Projected First Distribution
First member distribution expected, subject to performance.
2030-2031
Projected Exit Window
Targeted period for sale, refinance, or other liquidity event.
Updates
MilestoneMay 28, 2026
Recovery suite partnership signed
A regional physiotherapy group signed a five-year agreement for the club's partner suite, adding contracted rent to the revenue base before opening.
Risks
Private investments involve substantial risk, including illiquidity and possible loss of the entire amount invested. Read every factor below before committing. Projected returns are estimates only and are not guaranteed.
Operating Risk
Day-to-day results depend on management execution, staffing, pricing, and customer demand. Underperformance against the operating plan would reduce distributions.
Membership Attrition Risk
Pre-sold memberships may cancel before or after opening, and ongoing churn above the underwritten 2.5% monthly rate would reduce recurring revenue.
Market Risk
Economic conditions, interest rates, and local market dynamics may change and could reduce revenue, valuations, or the pace of lease-up and sales relative to projections.
Liquidity Risk
This is a private investment with no public market. Members should expect to hold their investment for the full target hold period; early liquidity is not guaranteed and may not be available at all.
Loss of Capital
Private investments involve substantial risk, including the possible loss of the entire amount invested. Members should only commit capital they can afford to lose.
Projection Risk
All financial projections shown are illustrative demonstration estimates prepared by the sponsor. Actual results will differ, and the difference may be material.
Sponsor & Execution Risk
Performance depends heavily on the sponsor's ability to execute the business plan, retain key personnel, and manage costs. Departure of key team members could adversely affect results.
Regulatory Risk
Changes in zoning, licensing, tax, or securities regulation could affect the project's operations, timeline, or member distributions.
Economic Risk
Recession, inflation, labor shortages, or credit-market disruption could increase costs or reduce demand beyond what the sponsor has underwritten.
Exit Risk
The projected exit depends on market conditions at the time of sale or refinance. A delayed or lower-value exit would extend the hold period and reduce returns.
Questions
Frequently asked
Ask the sponsor
Questions and sponsor answers are visible to all members reviewing this offering.
Prefer a conversation?
Book a 15-minute call with the sponsor team about this offering.
Sponsor presentations and group Q&As are listed on the member events calendar.
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