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Asking Price:	$99,000 USD USA Dollars
Business for Sale Industry:	Recreation: Sports, Exercise, Gyms
Reason for Selling:	Owner lost interest in running the business
Year Established:	1994
# of Employees:	4
Yearly Cash Flow:	$1,160
Yearly Gross Income:	$177,515

Business for Sale Overview:

If your dream is to enjoy a fun and rewarding career, while enriching the lives of children and building your own sound financial future, this already existing Franchise business might be for you. The Owner's bought this Franchise 14 years ago. They own the rights to two territories. The one where the business is located (Ridgefield) also includes the towns of Wilton, Weston, Redding and New Canaan. The second and separate territory includes the towns of Danbury and Bethel. They are selling the territory where the business is currently located - Ridgefield. The Owner's would also sell the Danbury/Bethel territory too. Franchise territories currently sell for $69,500. This Franchised business specializes in children’s physical fitness development, recreational gymnastics, motor skills development programs and related products & services. This business has professionally developed, non-competitive gym classes for children from 4 months to 12 years of age. The programs have been designed to build motor skills while having fun and simultaneously fostering enhanced emotional, intellectual and social skills. They include movement, music, gymnastics, sports, exercise, games, listening and cooperation. The Owner works the business full-time with a Director and part-time trainers/instructors (hours vary with revenues). Last year, because of declining revenues (e.g. Owner's lack of interest) profits were at a break-even point. With all the programs that this Franchise offers, sales should be double or even higher than current levels. Note that in 2004 sales were over $300,000.

Property Features and Assets:

The business is located on busy Route 7 in Ridgefield, CT in a 3,500 square feet facility with plenty of parking. Rent for this facility is $5,130.64 per month including the nets. This is only $17.59 per square feet - a good deal on busy Route 7. A new lease will need to be negotiated - which the Landlord is willing to do. In a 7 mile radius of this location there are over 19,400 children from the ages of 0 plus to 14. This is a lot of potential that can be had with the right kind of marketing and promotion - especially in a town with an average household income of over $224,000.

Market Competition and Expansion:

If qualified, Owner’s will consider financing 50% of the Selling Price for 2-3 years @ 10%. After 14 years, Owner has lost interest in the business. Wants to do something else – maybe even move out of the area. Owner will train & help transition. Training by the Franchiser is also required.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.