Exceptionally Profitable Trampoline Park
NCListing DetailsOffice ID: PARK1
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $1,992,000
Gross Revenue: $1,528,497
Cash Flow: $506,491
12 Month Forecast: $1,834,000
Forecasted Cash Flow: $660,000
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will provide some financing to a qualified buyer.
Reason for Sale:Relocation - seller wants to return to family home.
Training:Franchisor provided plus 10 normal workdays by seller at no charge. Seller is willing to continue working in an extended transition.
OperationsYear Established: 2015
Form of Ownership: S Corp
Employees (full-time): 1
Employees (part-time): 40
Business Hours: 7 days per week, hours vary
Business Description:Since reopening to 100% capacity in May from state mandated COVID-19 restrictions, the park has resumed revenue and profit growth at record levels by increasing the revenue per visitor.
Historical Summary:Seller and absentee partner purchased the franchise rights after determining the best geographic opportunity in the region for their new park. Seller then managed months of engineering and construction of this specific space before opening. Safety record is among the very best of all franchisees.
Owner Qualifications:General business skills and sufficient liquid capital to qualify for financing.
Potential Growth:Seller has first right of refusal on space for additional attractions that would likely offer revenue growth in excess of 25% annually and profit growth at an even higher rate. Complete details will be provided to qualified prospects.
LocationType of Location: Strip Center
Lease Expires: Dec 31, 2025
Option: two 5 year extensions
Monthly Rent: $28,474
Square Footage: 20632
Franchise Renewal Date: Apr 25, 2025
Royalty %: 6
Avert Co-op %: 2
Franchise Transfer Fee: $30,000
--Paid By: Buyer
Last Updated: Sep 15, 2021 / 6:11 AM
Financial Information Current As Of: Jun 14, 2018 / 10:20 AM