# New studio on a sale

A term used when buying gym or fitness studio.

The rule that treats a [change of ownership](https://searchspheresource.com/glossary/change-of-ownership) as a brand new business for bonding.

Florida says a health studio is considered a NEW health studio each time it changes ownership, or each time stock ownership changes enough to put it under new management or control, and a new studio must file its own security. The seller's bond does not travel. Two exits from that exist and both are narrow: substantially the same stockholders forming a new entity, and a department opinion that control has not effectively changed, each of which also requires a satisfactory complaint history. Nothing in the regime screens an owner or a trainer, since the registration is consumer protection and not an occupational check, and the definition carves personal trainers out by name.

Part of: Buying a Gym or Fitness Studio (https://searchspheresource.com/guides/buying-a-gym-or-fitness-studio)

Source: https://searchspheresource.com/guides/buying-a-gym-or-fitness-studio/terms/new-studio-on-a-sale
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt