Gymnastics club for sale

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high profit (Discretionary Earnings) business

Business Description

Artistic gymnastics club in the southwest US with the same sole proprietor since 2000. Classes for boy's and girl's age 18 months to junior college. Birthday parties, leotard sales and competitive teams are established. Very efficient layout of apparatus for recreation classes and competitive teams. Facility has high visibility on one of the main streets in the middle of the most upscale part of the town. Business draws from a 70,000 population area. With one full time and one part time staff the highest enrollment was 185. Yearly draw during those enrollment years was $60,000. With two full time instructors the maximum enrollment could be 392. At current prices that would gross $395,000. The last 5 and on half years profit (Discretionary Earnings) was 2013 = 58%, 2014 = 61%, 2015 = 62%, 2016 = 57%, 2017 = 62% and 1/2 of 2018 = 54%.

About the Business

Year Established:
2000
Number of Employees:
4
Facilities:
The 4,676 sq foot facility has a 17' highest point ceiling. The rent since 2000 has been $700 per
month. Ample parking is available. All men's and women's competitive equipment, except a full floor, uneven & horizontal bars. Equipment includes a 44' rod floor, 30' Tumbl Trak (with incline & Quick Flex Bar) that ends into a 14' x 7' x 18" mat, 20' x 10' pit and an in ground Aussie Action string bed tramp, 3 bars anchors in place, 1 high & 3 low beams, 80' vaulting runway to a Janssen Fritsen table, Spieth horse & ceiling hung rings, lots of mats & more
Market Outlook/
Competition:
Median household income in 2016 was $55,000. There is one other gymnastics club in town, but
we get parents moving their children to our facility that comment on safety and staffing inadequacies, and the number of parents wanting to switch could drastically increase with a "new" business.
Growth & Expansion:
The area has been growing since the mid 1980s.
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About the Sale

Reason For Selling:
Owner looking to move and retire in the near future.
Training/Support:
Owner is willing to help with the transition period as long as still in town.
Seller Financing:
asking price would change relative to financing

Listing Info

ID:
1393326
Ad Detail Views:
67
Asking Price:
$175,000

Gross Revenue:
$90,585
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$35,000
included in asking price

Real Estate:
 Not Disclosed

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