SOLD: Established, Highly Profitable Gymnastics Center in NYC Metro Area

SOLD: Established, Highly Profitable Gymnastics Center In NYC Metro Area

Club Profile:

Members: 361                                     Employees: 10 (PT) 2 (FT) including owner

Square Footage: 3,600                    Monthly Rent: $4,300 (gross)

Financial Summary:

Revenue: $416,000                            Net Income: $167,000                      Asking Price: $370,000

Description:

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

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 is truly a community fixture for 40 years. Many families have sent their children to the center for multiple generations.

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 (Comprised of gymnasts selected from the main program, 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

The owners are in their 60’s and 80’s and have run this club as a life-style business.  They have not focused on growth or increasing profits.  As a result, the club is closed most mornings and on Fridays and only open half a day on Saturdays and Sundays.  They do not offer private lessons or open gym time so there is a opportunity to add additional programming and easily double revenues and profits in the first year.

After a long and rewarding career, the owner is retiring and moving out of state to be with her family.

For additional information please contact Rich Jackim at rjackim@sportsclubadvisors.net or at (224) 513-5142.

UPDATE:  This gymnastics center sold in 120 days in an all-cash transaction.

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