A new bouldering-only gym could be coming to Minneapolis if Vertical Endeavors follows through on their stated plans. Nate Postma, Owner of Vertical Endeavors as well as the climbing wall manufacturer, Nicros told the Minneapolis/St. Paul Business Journal that he is eyeing two warehouses in the city and hopes to be open sometime late 2017.
With their five locations, VE is currently the third largest gym developer based on total climbing square footage in the US behind Earth Treks (#2) and Touchstone (#1). The warehouses that Postma is looking to purchase range in size from 18,000 to 29,000 square feet, which, when completed would undoubtedly bump VE to second place.
Vertical Endeavors just celebrated the grand opening of their tallest gym in Bloomington, a suburb of Minneapolis and in 2014 they opened the largest climbing gym in the US outside of Chicago.
According to the Bizjournal article, Postma plans to seek SBA loans … for part of the funding. At least 20 to 25 percent of the expansion costs will come from their own cash.
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