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Listing Broker Information
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Steve Zimmerman
Business Broker
Steve Zimmerman brings to his clients 30 years of wide ranging business experience that includes small business sales as well as mergers and acquisitions, finance, business development, sales and account management. His skills in project management, negotiations, presentations, and financial modeling help his clients evaluate business opportunities and buy or sell their business with confidence.
Prior to launching Intero Business Brokers, a division of Intero Real Estate Services, Steve had a successful corporate career that included activities in Mergers and Acquisitions of technology and service companies. He brings valuable experience in acquisition decision processes, due diligence, deal negotiations, and transaction execution and closing processes to his clients.
After completing undergraduate and graduate degrees in business Steve began a financial career in the high-tech business sector working for companies like Hewlett-Packard and Solectron Corporation. Specific areas of focus included: development and implementation of standardized cost and quotation models, generation of business plans, analysis of pricing, manufacturing cost, and portfolio profitability issues and all aspects of financial reporting.
Steve holds a BS in Finance from Colorado State University and an MBA from San Jose University. He is a member of the California Association of Business Brokers (CABB) and lives in Los Altos, California with his wife and their two children.
email:
zimmerman@interocommercial.com
phone: 408-342-3093 / DRE License #01376999
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 Contact Information |
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Listing Information |
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| Children's Recreational Gym |
| Listing ID: IBB135 |
Location: East Bay |
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Brief:
Excellent opportunity to acquire one of the premier children’s gymnastic businesses in Northern California |
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| Listed Price: |
$275,000 |
| Total Sales: |
$239,270.00 |
| Seller's Discretionary Earnings: |
N/A |
| Fixtures Furniture, & Equipment: |
(Included in Listing Price)
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| Real Estate: |
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| Inventory: |
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| Financing / Terms: |
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Business Information |
| Year Established: |
1984 |
| Number of Employees: |
0 Full Time / 0 Part Time |
| Days and Hours of Operation: |
Mon-Sat 9:00am-6:00pm, Sun Parties |
| Relocatable: |
No |
| Franchise Information: |
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| Facilities / Location: |
4,585 square foot facility in a high-traffic outdoor mall surrounded by other major retail tenants |
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Lease Information |
| Lease Expiration Date: |
6/30/2013 |
| Option: |
5 years |
| Monthly Rent: |
$9,142.00 |
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| Additional Information |
| Reason for Selling: |
Other interests |
| Business Description: |
This is an excellent opportunity to acquire one of the premier children’s gymnastic businesses in Northern California. This gym offers recreation gymnastics, sports and physical fitness programs to children ages 1-10 years, in the East Bay. Starting with Toddlers, weekly “Mommy & Me” classes introduce basic tumbling, balance and movement development, combined with music, song and small equipment activities. “Kindergym” classes, targeting age three, teach basic tumbling skills, using games and positive motivation. The grade school program designed for ages 6-9 teaches recreational gymnastics, using all apparatus including bars, beams, trampoline and vaults. In addition to gymnastics and tumbling, classes are offered in sports skills development which teaches children age 4-6 the basics of grade school sports. On Weekends, organized children’s birthday parties are available with a gymnastics or sports theme. A rock climbing wall and a bouncer enhance the party experience.
Since 1994 the gym has been located in the same 4,585 square foot facility in a high-traffic outdoor mall surrounded by other major retail tenants. They are 1 year into a 5-year lease, with a 5-year option to renew.
In addition to the owner/general manager, the gym employs approximately 12 to 14 part time individuals. The key management employees include a Gym Director, Program Director, and Weekend Manager. Assistant Managers coach classes or run birthday parties, while being available to oversee operations in a manager’s absence. Other employees are either class coaches, or birthday party hosts. Most coaches have a gymnastics background, having participated and usually competed in the sport. Many have education or experience in child development, dance, cheer or a related field.
Approximately 80%+ of customers come from the surrounding communities. Customers choose this gym for it’s high level of customer service and its quality instructors. The vast majority of revenues are derived from the delivery of weekly gymnastics and sports classes. In addition weekend birthday parties, as well as Summer camp classes, are extremely popular. A small pro-shop on site sells leotards, T-shirts, sports bottles and other small items.
After 15 years this gym has built a reputation second to none in the community which is the number one source of new clients. This is an outstanding opportunity for the right buyer to continue to grow the business and take performance to the next level.
** Seller is willing to consider seller financing, for a portion of the sale price, for serious qualified buyers. **
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| Potential for Growth: |
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