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Profitable, Turnkey Indoor Recreation Facilities

VA

Profitable, Turnkey Indoor Recreation Facilities
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $4,090,000

EBITDA: $820,000

FF&E: N/A

Inventory: N/A

Rent: $0.00

Established: 2014

Profitable, Turnkey Indoor Recreation Facilities

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Business Description

Video games. Cell phones. Fortnite. Like never before, parents must fight against the sedentary outlets their children have easily at hand. From couch to a team sport is an aggressive leap, but between the two is fun on-demand – trampoline parks are the answer to getting an entire generation back in play. Founded in 2014, Project Bounce has three trampoline parks in the Mid-Atlantic region, and projects to generate over $4.0 MM in revenue and more than $800,000 in EBITDA in 2018. Amidst a global trampoline market growing at a 5% compound annual rate, trampoline parks are heralded as a driving force. Project Bounce is an established, proven and profitable vehicle for capitalizing on the re-energizing of America’s youth.

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
12/108 FT/PT
Facilities:
1) 20,500 sf, 2-year term expires 8/31/19; 3-year extension available 2) 22,768 sf, 7-year term expires 11/30/22; 5-year extension available 3) 24,300 sf, 10-year term expires 8/31/26; 5-year extension available.
Competition:
This type of business is very geo-specific, and at present there is not material competition in each of the 3 local markets.
Growth & Expansion:
All three facilities have space not currently utilized - with moderate investment the Buyer could build out these areas and increase hourly capacity.
Support & Training:
All 3 general managers are available to stay in place; Seller not involved in day-to-day operations and is flexible as to their role post-transaction.
Reason for Selling:
Focus time and attention on their core business of fitness clubs.
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Justin Davis

Business Listed By:
Justin Davis

PennSpring Capital Advisors

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