Blanket Real Estate Business Properties:
Business Name: Address: Zip Code:
Type State Town Real Estate
Children's Gymnastics & Parent Free Time
CT Fairfield County No No
This business is a 12,000 s.f. state of the art children’s facility in a Fairfield County town ranked as the best place to live in the Northeast (and ninth in the U.S.). It is a place where kids can go for gymnastics, tumbling, karate, sports, school vacation camps, and birthday parties. It is also a place where professionals supervise the kids and parents and care givers can have some free time for themselves and do errands etc.
The business has a gym, an inflatable zone, in-ground trampolines, a foam cube pit, a 50 – foot zip line as well as standard gym equipment and 2 separate party rooms, lockers etc. The programs are designed to develop strength, coordination and confidence, and are a fantastic base for all core athletic development.
The Owners have a second location in a nearby town that they will continue to run under its current name. You can change the business name here or keep it the same.
This location opened in January of 2013. Current Owners recently purchased this location and another just like this one in a nearby town in November of 2017. It was planned his wife was going to manage one and her husband the other. After the purchase, the husband got involved in another project resulting in the wife absentee managing both locations.
Soon it became evident that the wife didn’t have enough time to manage both locations. Since her husband was/is involved in another project out of the area their only recourse is to sell one of the businesses.
Unfortunately, a lot of time went by between then and now. Sales began slipping in the Fairfield location because of a lack of management oversight. It is projected that if everything stays the same as it is, 2018’s sales might be +/- $362,032, a 36.0% decrease from 2017’s projected volume. Profit’s too will show a substantial decrease. The Asking Price for this business reflects the above. The business, equipment & inventory is listed for $225,900 – below Replacement Cost. The FMV of the equipment and leasehold improvements is well over +/- $350,000.
The Owners acknowledge they haven’t put enough attention into this location. They feel the projections of the previous Owner would have been attainable if they had been able to pay more attention to operations. It is suggested that the New Owner be a full time Owner/Manager experienced in this industry and business in general.
This is an independent business that might have potential to become a Franchise Operation.
For you investors…we might be able to make a deal on their other location too!
Click here for a picture slide show of this business/property
Hours of operation are: Monday through Friday 9:00 to 5:00, Saturday 9:30 to 11:00 and Sunday only opened for scheduled parties. The business runs with 8-9-part time employees. The head instructor manages the operation along with a support instructor several receptionists and 6 party hosts.
All equipment is just a few years old and is meticulously cleaned and serviced as needed. The operation has the most knowledgeable and professional personnel you will find. They are known for their cleanliness, caring and professional skills.
Owner’s Cash Flow projected for a new Owner is estimated to be +/- $124,235 with a working Owner operator and additional advertising & promotion.
Current operations is estimated to be running at breakeven.
This 12,337 s.f. business is next door to an adult exercise gym. The parking lot is huge. Rent is $16,325.96 per month ($15.88 per s.f.) including all the nets. Altogether with the available options there are over 15 years remaining in this lease.
Interested buyers MUST sign our Confidentiality Agreement and Questionnaire before any additional information is received. Forms are available at this Listing on our website from the link in front of the pictures or will be e-Mailed to you upon request. Detailed financial information showing ability to purchase may be required before a meeting or conference call is scheduled.
Monthly Rent: $16,326 per month Remaining Term: 15 years Total SQ FT: 12,337 s.f. Rent Increases:
Rent increases 2.3% per year - butit looks like landlord is holding the rent steady for each 5 year term - must negotiate this!
Retail SQ FT: Office SQ FT: Est'd FMV of Equip.:
The equipments FMV is $361,000 - $437,000
Warehouse SQ FT: Est'd Sales +/- $565,635 (ProForma) Terms:
If qualified, the owner might do some financing - depending on Offer.
Gross Profit: $536,863 Oper. Expenses: $412,629 ROI: Est'd Owners Cash
$124,234/Now BE! Payback:
Reason For Sale:
Other interests - see above discussion
Comments: In order to obtain more information or visit this or any other business the Confidentiality Agreement & Questionnaire Agreement must be filled in, signed and faxed back. To get these forms – Click here
Click here for additional information
Information believed to be accurate. Subject to errors, omissions & change without notice. Verify important details before reliance or dependence.