Listing ID: 81105
Truckee Gymnastics is dedicated to gymnastics training, conditioning and early movement development. The facility is located in Truckee, California and is a fully equipped gymnasium providing classes for all ages. There are enrolled participants in parent/child classes, preschool, recreation classes, competitive team, private lessons, summer camps and clinics. The business has operated since 2004, by its present owners, with excellent staff and business systems in place. The business has a proven track record of profitability and growth over the years and demand for services continues to rise. Historically, the business has generated revenues in excess of $600,000 and was valued at $450,000. In 2021, Truckee Gymnastics rebounded from closures mandated in 2020 and early 2021 with 2021 gross revenues exceeding $500,000. The owners want the business to continue serving the community and current pricing is based on early 2021 revenues, making this a very attractive price point. The owner is planning to start a new, life-chapter. A long-term lease is available or an option to purchase the commercial building along with the business. The sale of the commercial building is only available to a buyer of the business. Lease terms will be available upon request. This is a great business opportunity!
Key Reasons to Own Truckee Gymnastics:
1. Turnkey Owner Operated Business
2. Great Staff and Reputation
3. Current Owner is Landlord
4. Current Owner Income is $13,000 to $15,000+ per Month
5. Option to Purchase Building with Great Lease in Place
6. Be Part of and Serve a Wonderful Community
7. Room for Revenue Growth
- Asking Price: $295,000
- Cash Flow: $168,000
- Gross Revenue: $500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:6,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The gymnastics business operates in approximately 3500 square feet. It is a multi tenant commercial building with one other tenant occupying the remaining 3000 square feet (approx). Full leasehold improvements were made by owners to accommodate the gymnastics facility. The tumbling floor includes a sprung floor. There is also an in ground trampoline. The facility is approved to host gymnastics meets. All Equipment is included in the asking price.
This is the only gymnastics facility in the local region.
Great demand for this business with growth opportunities.
The business was established in 2004, making the business 18 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell companies. However, the real factor vs the one they tell you might be 2 completely different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or an array of various other factors. This is why it is very vital that you not depend entirely on a vendor's word, but instead, use the seller's answer together with your total due diligence. This will paint a more sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can indicate that profit margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be met or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in new customers? Many times, businesses have repeat clients, which create the core of their everyday earnings. Certain factors such as new competition growing up around the area, road building and construction, as well as personnel turn over can influence repeat consumers and also negatively influence future profits. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business regularly, the better the chance to construct a returning customer base. A final thought is the general location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? How might the local average home earnings effect future revenue potential?