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Successful Indoor Soccer Business & 46,000 SF Facility for Sale Break Successful Indoor Soccer Business & 46,000 SF Facility for Sale Break Away Sports Center, Inc. 5964 Executive Drive, Fitchburg, Wisconsin Company Overview: Since 1996, Break Away Sports Center “Break Away” has offered a state of the art, well maintained, 46,000 sq. ft. sports facility that accommodates Madison’s indoor sporting needs, providing a place where soccer enthusiasts, no matter the skill level, can enjoy a range of recreational soccer programs. The facility includes two large well-lit indoor soccer playing fields with state-of-the-art EPDM infill turf, locker rooms, permanent concessions space, viewing area, offices for Break Away, along with additional office space leased to complimentary sports related organizations. Break Away is operated by professional instructors, experienced referees and a staff that is passionate about providing indoor soccer opportunities in the community. Break Away offers a variety of programs, tailored specifically for each age group (toddlers to adults) and for all talent levels. Even though obtained from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information herein, and it is subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. www.cresa.com/madison Cresa Madison Business Profile: Legal Business Name: Break Away Sports Center, Inc. Business Type: S-Corp Year Established: 1996 by three soccer enthusiasts, Matt Lombardino, Mark Landgraf & Jeff Annen Building Address: 5964 Executive Drive, Fitchburg, WI 53719 Website Address: www.breakawaysports.com Hours of Operation: Weekdays: 1:00 p.m. – 10:00 p.m. Weekends: 10:00 a.m. – 9:00 p.m. *Hours may vary with seasonal usage Number of Employees: 3 full time (Including 1 owner, Matt Lombardino) Varying number of part-time employees and independent contractors (referees) Gross Income: NDA required EBITA: NDA required Reason for Selling: Owners would like to retire and pass the baton to a new group of soccer enthusiasts Industry Trends: . According to TIME, “The nation’s youth-sports industry has grown by 55% since 2010.” . According to WinterGreen Research, a market research firm that tracks the youth sports industry, “The costs of year-round training programs, travel, equipment, facility and coaching fees have turned youth sports into a $17 billion-a-year industry.” . “More than $550 million has been spent over the past three years developing sports facilities designed specifically to host youth sports tournaments, including more than $161 million on projects that are currently under construction,” according to Sports Business Journal research. According to Athletic Business, “For a growing number of people, sports are one of the most appealing ways to stay in shape. Health and socialization are the driving forces behind the growing popularity of adult recreational sports leagues, particularly among millennials.” . According to Sports Marketing Surveys USA, a research company that provides data for the Sports and Fitness Industry Association, “Millennials are twice as likely as their Generation X counterparts to participate in team sports as adults.” Even though obtained from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information herein, and it is subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. www.cresa.com/madison Cresa Madison Building & Land Profile: 5964 Executive Drive, Fitchburg Property Type: Recreational – Indoor Sports Facility Date of Construction: 1996 Building Size: 45,661 Square Feet consisting of 41,386 SF (1st floor) & 4,275 SF (Mezzanine) Land/Lot Size: 120,120 SF (2.76 Acres) Zoning: B-G, General Business District Clear Height: 35’ clear height and 100’ free span Exterior Details: Foundation: Poured Concrete / Asphalt & Gravel Frame: Steel Walls: Stucco / Metal Roof: Pitched metal roof Windows: Picture windows with insulated glass Interior Details: Flooring: Tile / Carpet / Field Turf / Concrete Walls: Painted drywall / Exposed insulation / Painted block Ceiling: Suspended acoustical tile / Exposed insulation Lighting: Recessed incandescent / Fluorescent Other Features: HVAC: Gas-fired forced-air furnaces with air conditioning throughout the building and separate/independent de-humidification system Fire & Life Safety: The Building is fully sprinklered -Mezzanine level with viewing gallery -Offices utilized for Break Away and for two independent tenants -Parking Lot has been recently been resurfaced Even though obtained from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information herein, and it is subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. www.cresa.com/madison Cresa Madison Building & Land Profile: Continued… Even though obtained from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information herein, and it is subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. www.cresa.com/madison Cresa Madison Benefits of the Madison Area: . Madison was ranked #1 as the Fittest City in America by Fitbit . Known as one of the world’s happiest cities and best places to live, Madison continues to earn high rankings across the board . Home to world-class universities: o The University of Wisconsin-Madison (43,000 undergrads) o Madison College (50,000 students) o Edgewood College (2,800 students) . Madison offers a year-round active lifestyle and features: o Over 200 miles of scenic biking and hiking trails o More than 260 parks and beaches o 5 lakes to enjoy swimming, paddle boarding, water sports, and more . Plenty of events and spectator sports throughout the year: o Badger Football at Camp Randall Stadium, or one of the many other D-1 sporting events held at UW-Madison’s state-of-art facilities o Madison Mallards baseball team at Warner Park o Forward Madison FC professional soccer team at Breese Stevens Field o The Madison Capitols hockey team o The Madison Radicals ultimate team in the American Ultimate Disc League o IRONMAN Wisconsin o CrossFit Games . To explore all that Madison has to offer please visit: https://www.visitmadison.com/ Even though obtained from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information herein, and it is subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. www.cresa.com/madison Cresa Madison Asking Price: $3,400,000 The owner intends to include the Business, Real Estate / Facility, FF&E and Goodwill into a single sale transaction, to provide prospective buyers all tools required to continue operating a successful business operation. The following assets to be sold in the transaction are listed below and valued by the Seller: Artificial turf, plexiglass & netting: $ 200,000 FF&E, including supplies, equipment & Vehicle: $ 50,000 Goodwill: $ 200,000 Real Estate factoring a $6.00 per/SF Lease at an 8% Cap Rate: $ 3,450,000 Total estimated value of Business, Real Estate & Assets: $ 3,900,000 Seller Statement In 1996, several sports enthusiasts built the Break Away Sports Center, a state of the art, well maintained, sports facility that primarily offered indoor soccer. We wanted to create a place where sports could be played recreationally with an emphasis on sportsmanship and fair play while at the same time, improving the development of sports skills. Break Away emphasized recreational soccer through modified rules of play in a family atmosphere that welcomes soccer enthusiasts no matter what their skill level. In conjunction with our business, Break Away has introduced several popular soccer programs to the Madison area. Over the years, we have developed a simple phrase that represents our mission: “Playing the Game… Teaching the Game… Respecting the Game.” Since the day we opened, our staff and our customers have been committed to supporting our recreational soccer in a family and social atmosphere, which has contributed to our success over all these years. We are proud to say that Break Away has been in business for almost a quarter century and I have been managing indoor soccer since 1985 (almost 35 years!). I have loved every minute of it, but my partners and I are ready to pass the baton on to a new group of soccer enthusiasts. It is our hope that we identify a new group with new energy, ready to carry on the traditions of Break Away while forging their own path at the same time. Most importantly, we sincerely hope that any new team will honor our dreams and our staff’s commitment to serve the Madison area’s recreational soccer needs for many years to come. Our 46,000 square foot sports complex is the perfect structure for running Break Away and can easily accommodate other uses. In addition to the 2 indoor soccer fields with dasher boards and newly installed infill turf, the building and property include the following features: • Men’s and women’s locker rooms with showers • 34’ ceiling height and 100’ free span across the fields • A viewing mezzanine and office area • 100% climate-controlled environment • Ground floor commercial spaces available for third party, income producing tenants These building features, when combined with other equipment and supplies can provide what is intended to be a turnkey operation in this sport minded community. Thank you! It’s been a fun ride! If you have any questions or would like to tour the facility, please let us know. In the meantime, we look forward to continuing to provide the same quality product to the soccer community that everyone has become accustomed to.
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