Listing ID: 81567

Business Overview

This successful 18 year old business offers fun, physical fitness programs for kids ages 2 – 7 years old. Classes are held at local Chicago area locations including Chicago Public Schools , Park Districts and Child Care facilities.

Programs include Fitness/Exercise, Dance, Sports, Music and Yoga. On site classes are conducted by instructors or coaches that you hire and train.

Turn your passion for Fitness, Fun and Kids into a Career Business

This is a home based business where all classes are conducted at the above referenced locations

Owner unfortunately must sell this business due to a lingering illness and personal family issues.

The good news is this is a great business that Averaged $300k in sales prior to the owners health problems.

Stretch n Grow is a recognized national franchise program that offer schools a fitness curriculum that kids really enjoy

Give us a call today for additional information

Financial

  • Asking Price: $44,900
  • Cash Flow: $28,969
  • Gross Revenue: $79,930
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2003

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:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based

Is Support & Training Included:

Franchisor provides training. In addition the Owner will provide training and transitional assistance to rebuild sales

Purpose For Selling:

Health and personal issues

Opportunities and Growth:

Kids love these programs. New owner needs to focus on sales and marketing with the help of the seller

Home Based:

This Business Is Home Based

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was established in 2003, making the business 19 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell businesses. However, the real reason and the one they say to you may be 2 absolutely different things. As an example, they may claim "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or an array of various other factors. This is why it is extremely vital that you not count absolutely on a seller's word, but rather, use the seller's solution along with your overall due diligence. This will repaint a much more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that revenue margins are too tight. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location attract new consumers? Often times, businesses have repeat customers, which form the core of their everyday earnings. Particular aspects such as new competitors growing up around the area, road building and construction, and also personnel turn over can affect repeat consumers and adversely influence future earnings. One important point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the better the chance to construct a returning customer base. A last idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional mean home earnings influence future income potential?