NOT DISCLOSED, California
| Asking Price |
$475,000 |
Year Established |
2024 |
|
| Annual Revenue |
$500,000 |
Reason for Selling |
The reason the Seller is selling is to pursue other interests. |
|
| Annual P/L |
|
Attention |
Brett Sargent |
|
| Annual Cash Flow |
|
Listing Number |
1009063 |
|
| # of Employees |
|
Business Category |
Recreation: Entertainment |
|
Business Overview:
This Northern Californian Basketball Training Franchise is a California Limited Liability Company and was started almost 2 years ago, and still under the current founding ownership. Offering Pick-up games with refs, member-only tournaments, basketball training, full fitness rooms, recreational games, and youth development leagues, everything basketball-related can be found here. They offer three full courts, functional training, full weight and cardio rooms, along with a luxury lounge and retail merchandise. This business has over 300 5-star reviews and very high employee retention. Most members play recreationally, not just for training.
Property Features and Assets:
They operate out of 19,530 square feet with a base rent of $13,360 and monthly CAM charges of $2,009. There is also $2,809 of tenant improvement amortization added to the rent as well. The current lease term is 10 years with a 5 year extension. This space was recently renovated, and almost $850,000 was spent in tenant improvements between the Seller and the landlord. The lease is assignable. They are located in an area developing an entire downtown with an arena as well as adding hotels. It is one of the fastest-growing cities in the region.
Market Competition and Expansion:
The North American basketball training market is experiencing robust growth driven by high youth participation, professional, and technology-driven training, with the training equipment segment alone expected to reach over $500 million. Major trends include AI-powered analytics, specialized wearable tech, and premium personalized coaching, with the US serving as a primary hub.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is a franchise resale opportunity