Price: $500,000
Location: Dallas Metro Area
Industry: Gyms and Fitness Centers
Listing ID: 42060364
Listing Status: Sold
SOLD! Exercise is all about engaging your muscles—from your heart to your biceps and quads—and asking those muscles to perform work. And when it comes to activating and training a diverse range of muscles, few exercises rival climbing. Since the turn of the millennium, climbing has undergone a growth spurt. In the United States, the number of climbing gyms has quadrupled since 2000. The pandemic brought a variety of challenges for climbers and climbing gyms, but the industry is rebounding strongly. According to the Climbing Business Journal's yearly trends report, 53 new climbing gyms opened in 2021, bringing the total to 591 gyms in the United States. Despite the pandemic, only 8 gyms closed in 2021, resulting in the highest-ever yearly net increase in gyms (45). The outlook for climbing gyms remains bright. Climbing competitions continue to gain popularity and legitimacy, and the 2020 Olympics provided a great deal of global exposure despite the pandemic. We are pleased to represent this successful, growing rock climbing gym in fast growing Collin County. Rock climbing is more than a sport, it's a community where strangers socialize and discuss their passion for the sport. A successful rock climbing gym is one that has a passionate staff who creates an inclusive environment, sets creative & challenging routes & provides supplemental programs, training, activities & accessories. This gym checks all the boxes for having a successful gym. The gym has recently been upgraded with new HVAC system, new lighting & mats totaling $200K. The upgrade should reduce operating expense for a new owner. To learn more about this exciting opportunity in this growth industry, please submit an NDA on this page or contact Jeff Goldblatt at [email protected]
Down Payment: $125,000
Total Sales: $593,076
Cash Flow: $127,348
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $340,000
FFE Included: Yes
Inventory: N/A
Year Established: 2005
Non-Owner Payroll: N/A
Real Estate: N/A
Monthly Rent: N/A
Reason For Sale: Retirement & Relocation
Training & Support: Seller will assist with transitional support