UPDATED 2018 Financials - Basketball Training Programs

MA

UPDATED 2018 Financials - Basketball Training Programs
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Asking Price: $585,000

Cash Flow: $271,000

Gross Revenue: $472,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2009

UPDATED 2018 Financials - Basketball Training Programs

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Business Description

Basketball Training Programs

Revenues and owners cash flow are up from 2017. This business is a great choice for anyone looking for an income over $250,000 while getting satisfaction from providing a beneficial service to children. Parents are becoming more aware of and concerned about the physical fitness of their children. In addition to the health benefits, physical activity has been linked to higher academic achievement, school attendance, and better behavior.

This business provides basketball training to children ages 7 to 18 at 14 locations in Eastern Massachusetts. They are the exclusive provider of these services at the locations they have contracted with. The locations are municipal and independent gyms -- for profit and non-profit. The training is provided by men and women with basketball experience. There are several new locations that the business has identified where their service can be expanded to. The business can take advantage of these opportunities with another full-time or part-time manager.

The owner focuses on managing the business and developing new locations. The business gauges the interest at a new location by offering a free clinic in cooperation with the owner of the facility. The owner is providing other recreational services at the location and has an extensive list of people that are contacted to attend the free clinic. In addition, the business uses social media to get the word out. The business also uses social media, email marketing, Facebook, and Google Ads to market the business. Customers can go to their website and sign up for classes or sign up at a location.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
30 PT
Growth & Expansion:
There are two areas that offer tremendous opportunities for growth. The business has identified 14 additional locations where basketball training can be offered. Another area for growth is providing training in another sport.
Financing:
This business should qualify for an SBA loan with a 10-20% down payment.
Support & Training:
The seller will be able to train the new owner(s) with a negotiable contract.
Reason for Selling:
Owner wants to pursue other business projects.
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(from currently available funds)
 
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Marc Gudema, CBI

Business Listed By:
Marc Gudema

BayState Business Brokers

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

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