Established, Highly Profitable Gymnastics Center

NY

Seller Financing Available
A Community Fixture for 40 Years!

Asking Price:$370,000

Cash Flow:$167,000

Gross Revenue:$416,000

EBITDA:$167,000

FF&E:$35,000

Inventory:N/A

Lease Rate/Sq. Ft.:$4,300

Established:1976

Established, Highly Profitable Gymnastics Center

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Business Description

Our client is a well established, family-owned and operated gymnastics center offering classes for boys and girls ages 3-18 years. Located in a highly desirable suburb of New York City the club draws members from Fairfield, Putnam, Westchester, Rockland and Bronx counties.

This club has been an institute in the community for 40 years. Many families in the area have sent their children to the center for multiple generations. The center has over 360 members, with an average length of membership of 5-6 years.

The center offers a wide range of gymnastic programs including:

> Tumbling Tots (for children 3 years to 5 years)

> Recreational Gymnastics (for kids over 5 years old who want to learn gymnastics in a non-competitive atmosphere)

> Competitive Gymnastics Team (select gymnasts who train and compete in USA Gymnastics sanctioned competitions )

> Birthday Parties (over 100,000 kids have enjoyed birthday parties at the center)

> Vacation and Summer Camps

After a long and rewarding career, the owner is retiring and moving out-of-state to be closer to her children.

If you have dreamed of owning a well established, family focused gymnastics center in wonderful community, this is your chance.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
3,600
Lease Expiration:
N/A
Employees:
10 PT, 2 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business leases its facility. The current lease is year-to-year, but the landlord is willing to enter into a 5 year lease with the buyer if desired. Equipment List 2 AMF High beams one with side detachable side panels, 2 Nissen Medium height beams, 5 low beams, 1 large trampoline & 1 mini tramp, 1 trampoline harness, 1 40x40 spring floor exercise mat, 1 AAI vaulting table, 1 Gibson spring board, 2 junior jumper boards, 1 alternative tumble track spring board, 1 uneven bars, 1 parallel bars, 4 Mancino tension wire bar covers, 1 kip trainer, 1 chalk bin, 5 wedge mats, 5 panel mats, 4 -8 inch x 8 feet landing mats, 3- 4 inch x 8 feet landing mats, 1 6x6 16 in landing mat, 1 4x3 16 in landing mat, Misc. trapazoid mats, cartwheel mats & walker mats, 2 trapeze bars, 1 rope ladder, 1 stationary rings, 1 ball pit
Competition:
This gymnastics center has been a fixture in its community for 40 years. It is located in an affluent suburb of New York City and attracts members from several surrounding counties.
Growth & Expansion:
The gymnastics center could be relocated to a new, larger location, to expand if desired.
Financing:
Amount and terms depend on experience and credit of buyer
Support & Training:
The owner is available to provide 30-45 days of support during a transition period and on a consulting basis after that if necessary.
Reason for Selling:
The owner is moving out of state to retire and be closer to her children.

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Richard Jackim

Business Listed By:
Richard Jackim

Jackim Woods & Co.

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