Business Overview

This turn-key, outstanding, profitable gymnastics center w/ 4 locations has multiple income streams, stellar reputation for fun and instruction, while business and revenue continue to climb! Classes and instruction, birthday parties, specialty clinics, open workout, competitive team, pre-school classes, and an innovative business plan make this a must see! Absentee or onsite owner makes this business very appealing! 2019 numbers used as 2020 was an anomaly. 2020 numbers available upon request. Very strong 2021 numbers and projections. For additional information please contact listing agent Thomas Vondell at 845-389-2599 or tomvondell@fcbb.com.

Financial

  • Asking Price: $2,500,000
  • Cash Flow: $531,585
  • Gross Revenue: $1,732,981
  • EBITDA: N/A
  • FF&E: $122,500
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2005

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:59
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 30,500 square feet combined for 4 locations with a combined Total Rent of $23,325. Lease ends 07/2026 with two 5 year lease options. Seller is active in the business with 4 FT employees and 55 PT employees. Hours of operation varies depending on location, classes, teams, Pre-K and special events. $122,500 in FF&E included in Asking Price.

Is Support & Training Included:

4 Weeks

Purpose For Selling:

Moving out of the area

Additional Info

The venture was started in 2005, making the business 17 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell operating businesses. However, the genuine reason vs the one they tell you might be 2 absolutely different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or a range of various other reasons. This is why it is extremely vital that you not depend absolutely on a vendor's word, however instead, use the vendor's solution combined with your overall due diligence. This will repaint a much more sensible picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover items such as inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that profit margins are too tight. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be met or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract brand-new customers? Many times, businesses have repeat customers, which develop the core of their everyday profits. Particular aspects such as brand-new competition growing up around the location, road construction, as well as staff turnover can influence repeat consumers as well as adversely influence future incomes. One important point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business often, the greater the possibility to develop a returning customer base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the regional average household income effect future earnings prospects?