Profitable Kids Gym in Hampton Roads, VA

Newport News, VA (Newport News City County)

Profitable Kids Gym in Hampton Roads, VA
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Asking Price: $195,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,898.25 /Month

Established: 2007

Profitable Kids Gym in Hampton Roads, VA

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Business Description

My Gym Hampton Roads for sale!

If you've ever thought about owning your own profitable business, a franchise of My Gym Children's Fitness Center, might be your opportunity.

The business is well established (11 plus years) in the community and is known as the "go to" place for children's fitness and early skills classes. The gym has an outstanding reputation for excellence in customer service and exceptional connection with all our students and their parents. Hundreds of children experience award-winning programs each week at My Gym Hampton Roads, plus My Gym Mobile travels in the community to reach more children at preschools. Awards received include: Franchise of The Year 2008, Achievement Award 2007-2018, and Director of The Year 2018 ( current director).

My Gym Hampton Roads is a turn-key business with solid business practices, systems and clientele. A recurring income stream is established. The gym has a good social media following, as well as a large database of families with young children. The highly trained staff plan to remain in place and continue the mission of My Gym, "To love and nurture all children through meaningful play". My Gym Hampton Roads is a sound business investment that has proven to be profitable each year.

The owner candidate we are looking for:
Is looking for a family friendly business
Is fun, friendly, and a leader
Has exceptional customer service standards
Has experience in sales and marketing or willingness to learn
Wants to be part of the #1 children’s physical early learning program in our community

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,515
Lease Expiration:
N/A
Employees:
5
Facilities:
My Gym Hampton Roads is conveniently located off I-64. It is just minutes from the new Marketplace at Tech Center in Oyster Point and Newport News Shipbuilding. There are 4 active military bases in the area. The space includes the gym, lobby, office, storage rooms, ADA bathroom, and 2nd bathroom. Facility includes all equipment including ball pit, trampoline, castle, climber, high bar, parallel bars, balance beam, swing support system, zip line, mats and more - includes all furniture. There are no capital improvements that need to be made.
Competition:
My Gym has flourished despite a short list of other children’s businesses in the area. There are no exact comparable businesses in Hampton Roads that match the types of programs, age range and low student to teacher ratio that My Gym offers. The reputation of the franchise as well as the reputation built locally by the owner and staff have established My Gym as a top rated children's gym.
Growth & Expansion:
My Gym Hampton Roads is very profitable, however, there is so much more that can be done to increase revenue. Expanding the class offerings with programs like Move Together, Preschool Prep, expanding the My Gym Mobile program, and taking advantage of other upgrades to the My Gym systems can only add to an already great business. These classes would fill out the My Gym Hampton Roads schedule and serve as additional sources of revenue.
Support & Training:
3 weeks formal training by franchisor plus at least one month hands on training by current owner. Franchise support is unlimited for all aspects of business operations. - Support available through online resources, calls, internal franchisee to franchisee groups and more. Annual training seminars available by region. Franchisee transfer fee applies.
Reason for Selling:
Owner relocating
Franchise:
This business is an established franchise
Business Website:
http://www.mygym.com/hamptonroads
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Business Listed By:
Rebecca Vaughn

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