Gymnastics and Parkour Studio in Sunny Santa Fe

Undisclosed Address, Santa Fe, NM
Business Opportunity for Sale
Catylist Listing ID: 30151978
Property Subtypes: Health and Medical
Building Size (RSF): 2,500 SF
Sale Price: $165,000
Name of Establishment: Confidential
Gross Revenue: $165,000 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: EBITDA
Last Updated: 8/11/2017

Overview / Comments

This Gymnastics and Parkour Training Studio opened over 10 years ago. Successfully operating and serving the ever growing Santa Fe region with numerous big ticket improvements made. The sale is due to the sellers relocating. It is strategically located just off Cerrillos Road (approximately 5000 vehicles per day) and is among several other high-end enterprises including Meow Wolf, Home Depot, Walmart, Big Lots and others being among the fastest growing and the most affluent communities in Santa Fe. This entire demographic has excellent discretionary income.

Not your typical fitness gym, this studio offers sophisticated personal training and parkour programs by highly qualified and motivated trainers at affordable prices. This is a results oriented facility and as such, their growing membership base is very active and very loyal with approximately 350-400 emailed members with constant contact and forever increasing due to the low entry costs.

This includes frequent loyal member programs like buy 9 paid sessions and get 10th free introduced in 2014. Approximately over 400 members use that coupon annually. The gym has held hundreds of parties and gatherings wherein the parents and elders have a viewing area to see their children have the fun of their life while getting fitter and trimmer. There is a very favorable lease agreement in place until 2020; with an additional renewal option at similar terms with an excellent landlord.

This Training Studio is fully equipped with state-of-the-art equipment, spring flooring and accessories.

Great potential for growth with annual revenues currently at 1 times asking price.
It is easy to increase the income for a local operator. The sellers operate with almost absentee operation from Albuquerque. Thus, a high potential for increase to almost doubling the current revenue and obviously double the income with local Santa Fe operation.

This turn-key opportunity is ideal for a smaller fitness trainer or a business owner who is looking to get into a Fit your Future with Fun business with no franchise fee, unlimited expansion possibilities as the premises allow. Custom made for an entrepreneur with interest in becoming a gym owner or also to enter USA with an E2 Visa possibility. Current owners have an E2 on this business.

If one were to try to start-up a similar business from scratch - with zero members – a collective investment in leaseholds, furniture and equipment and operating capital reserves of at least $275k to $300k would be req'd. This established business has an enormous fan base on various social networking sites with excellent repeat business which includes all furniture, fixture, all clients, a tremendously popular website and includes all training equipment with coolers, heaters and all office equipment. The computer is setup with software to enable credit cards and or other modes of payments and is a breeze with direct deposits into your bank accounts.

At the heart of every community is a place where families and children gather, for fun, adventure, and creative interaction. If you have a passion for children, adults and or helping them grow motoring skills, a genuine desire to build meaningful and lifelong friendships with families in your community, and appreciate the bounties of running a business, this should be Must Buy.

The last 2 years have averaged $50,000 or more cash flow for an owner operator. A local and experienced operator can almost double the revenue with multiple others streams of income possible with almost no increase in expenditure other than payroll.

All financials available upon signing of NDA and discussion with broker about financing and lease requirements. Please do not visit without an agent present and do not disturb staff and members without appointment. Owner financing terms will be strongly considered.

Thank you for viewing this and hope this can be the business you may buy for life.

Attachments & Media

Additional Details

Industry Segment: Health Clubs and Spas
Reason for Selling: Moving out of the country.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $100,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: There is a current lease in place which runs until 2020.
Part of Planned Development?: Yes
Employee/Labor Description: Employees are contracted on a part-time basis
Competition/Market Description: The business has exclusivity from the previous owner within a 30 mile radius. More information will be provided with a signed NDA or confidentiality agreement.
Growth/Expansion Opportunities: With full-time hours the owner states it would be possible to double the income.
Seller Financing Description: Excellent low cost of entry as typical locations like this may cost around $250k and this is listed at 165k with buyers required to have at least 20-30% down to qualify depending on credit.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,630 40,258 63,508
Median Age: 54.69 48.32 45.82
Households: 4,652 20,560 30,379

Contact

Photograph of Listing Agent

Kimberly Boucher

Re/Max Advantage Commercial Division
CARNM CIE Member
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