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Florida Business For Sale |
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| TEXAS HOLD 'UM POKER - ENTERTAINMENT |
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| Attn: John L. Nelson |
| Will remain Confidential at this time. |
| Clearwater, FL, USA |
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| Asking Price: |
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$180,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Bars, Clubs, Nightspots |
| Reason for Selling: |
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Owner wants to semi or fully retire |
| Year Established: |
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2005 |
| # of Employees: |
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1.5 |
| Yearly Revenues: |
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$232,000 |
| Yearly Cash Flow: |
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$75,000 |
| Yearly EBITDA: |
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$65,000 |
| Yearly Net Profit: |
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$65,000 |
| Yearly Gross Income: |
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$232,000 |
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Business for Sale Overview:
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Texas Hold ‘Um Poker (not the actual name of the company) is an entertainment company operating in the Central and West Coast of Florida. This is a growing, successful, profitable business experiencing annual revenue growth between 5% and 10%, without advertising or sales expense. Projected 2008 revenues estimated to exceed $258,000. The asking sale price is $180,000. Tax returns for 2005 – 2007 reflect consistent profits. However, the company typically receives cash (currency) from its clients for services rendered, legally leveraging the IRS tax code to minimize taxes paid by the company and owner.
Texas Hold ‘Um is a well conceived, mature business model offering upside opportunities for expansion, both geographic and franchising. Revenues are generated exclusively from fees paid by owners of nightclubs, private clubs and halls for the services rendered. Texas Hold ‘Um maintains ownership of the concept, contractual relationships, non-compete with contractors, computer, proprietary software, tables, chips, cards, etc. Events are offered seven days a week, exceeding sixty venues each week. Generally, two games are run each night at a venue, beginning around 7:00PM and concluding around midnight. Players often attend multiple games per week at various venues to accumulate points. A uniformed (shirt/logo) Texas Hold ‘Um contractor, is responsible for setting up tables, chips, cards, monitoring games, recording winners, collecting fees from client (club owner) and turning in results to one of two regional managers. Multiple tables are set up to accommodate all players attending an event. Players at each table deals the cards. Only chips are used – no money allowed to exchange hands anywhere around tables. Sherriff departments of all Counties in which Texas Hold ‘Um operates has approved Texas Hold ‘Um as a legitimate and legal business, fully compliant with Florida laws. Within a 100-mile radius of Tampa, Florida Texas Hold ‘Um dominates this market. Client retention exceeds 90%.
Contact John L. Nelson, Agent/Broker at John@NelsonConsultingInc.com or (813) 805-0202.
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Property Features and Assets:
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Assets passing to Buyer at sale included inventory valued at $30,000. Title will pass to Buyer for name of company, computer equipment, proprietary software, Web site, tables, cards and chips. |
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Market Competition and Expansion:
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A well thought out and mature business model offers considerable opportunities for expansion, both geographic and potential franchise. The owners bought the business in 2005. 2005,2006& 2007 tax returns are available. A running daily, monthly, quarterly and annual revenue and expense spreadsheet contains detals. The owner is open to negotiate a continuation in the business, should the buyer desire. Absentee ownership is a possibility. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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