CHILDREN’S PHYSICAL FITNESS & RECREATIONAL
Seller:
Attn:
C. J. (Charlie) Vlahos
Location:
Ridgefield, CT, USA
Listing Number:
"251"
Overview of the Business:
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 Franchise might be for you (The Little Gym).
The Owner who had been operating this Franchise for the last 15 years began to lose interest in the business and decided to close. She still owns the mini- Ridgefield territory as well as the Danbury/Bethel territory.
This Franchised business specializes in children’s physical fitness development, recreational gymnastics, motor skills development programs and related products & services.
Property Features and Assets:
For over 30 years, parents have relied on this Franchise all over the country to help their kids build the skills and confidence that will enhance every aspect of their lives.
The Owner would like to sell the Ridgefield mini territory which is where the business had been operating. The landlord would rent the same space to the new Owner. The remaining equipment includes two computers, network cables, printer, mailing list and the large illuminated sign on the building. Included in the Selling price would be transition training by the Owner to augment the training a new Owner would receive from The Little Gym Franchise.
Market Competition and Expansion:
The Owner's bought The Little Gym Franchise 15 years ago. They own the rights to two territories. The one where the business was located is in Ridgefield. The second and separate territory includes the towns of Danbury and parts of Bethel.
They are selling the territory where the business was currently located – Ridgefield for $45,000 and would also consider selling the Danbury/Bethel territory for $69,500.
The Owner worked the business full-time with a Director and part-time trainers/instructors (hours varied with revenues).
The Little Gym business was located on busy Route 7 in Ridgefield, CT in a 3,500 s.f. facility with plenty of parking. Rent for this facility was $5,130.64/month including the nets. This is only $17.59 psf - a good deal on busy Route 7. A new lease will need to be negotiated - which the Landlord is willing to do. The Buyer could relocate this business to another location - but the present location is ideal.
In a 7 mile radius of this location there are over 19,400 children from the ages of 0+ 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.
Additional Details:
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