SOLD – Successful Climbing Gym

Price: $500,000

Location: Southeastern, PA

Industry: Health Care and Fitness

Listing ID: 41361061101

Listing Status: Sold

Description

Founded in 1996, this climbing gym offers a variety of surfaces and other activities for individuals or team building exercises, including top-rope, lead and boulder climbing, rappelling and a ropes course. 450-500 clients are served each month for climbing and for celebration events in a kid- and family-friendly environment. There is a mix of individual, family, club and corporate members, walk-ins and events.

LISTING DETAILS

Down Payment: N/A

Total Sales: $139,350

Cash Flow: $139,600

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

Inventory: N/A

Operation

Year Established: 1996

Year of last Acquisition: 27

Days & Hours of Operation: Tue-Fri 4-10 pm; Sat 1-9 pm; Sun 1-7pm

Owner Hours Per Week: 40

Non-Owner Payroll: N/A

Employees: 1 full-time, 2 part-time

Location

Real Estate: N/A

Real Estate Included: Yes

Monthly Rent: N/A

Type of Location: Steel-frame on slab

Square Footage: 6000

Summary

Facilities Information:

The building is on .85 acre with a paved lot with 30 spaces. Ceiling height is 35 feet. Gym occupies 4800sf. 1200sf is configured as an apartment.

The business is in a metropolitan area. The immediate area is primarily commercial/retail with residential intermixed. It is easily accessible from a nearby expressway and major artery. The building and property are kept in good repair. The installation is unique and durable with minimum maintenance needed.

Terms and Conditions?:

Building included in price.

Reason For Sale:

Retirement.

Training & Support:

4 negotiable weeks.

Historical Summary:

The gym was established in 1996 and has built a strong core of clients. It pays particular attention to offering youth programs, including some school groups and scout merit badge qualifications.

# 25+ years of successful operations and strong customer relationships
# Controlled low overhead which results in strong profitability and cash flow
# Consistent sales in the range of $145,000-165,000+
# Seller believes customers and employees will stay with a new owner

Potential Growth:

This climbing gym offers top-rope, lead and boulder climbing, rappelling and a ropes course. 450-500 clients are served each month for climbing and for celebration events in a kid- and family-friendly environment. There is a mix of individual, family, club and corporate members, walk-ins and events.
It consistently earns high ratings, 4.5 or better, on customer review sites.
This business has been consistently profitable, with an adjusted cash flow of 30-45% of revenues.
The sale includes the building and real estate.