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Business For Sale
ENTERTAINMENT COMPLEX FOR SALE
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Asking Price: |
$2,100,000
USD USA Dollars
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Business for Sale Industry: |
Recreation: Entertainment
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Reason for Selling:
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Owner is also a real estate developer with other business |
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Year Established:
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2001 |
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Yearly Revenues:
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$5,018,000 |
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Yearly Cash Flow:
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$967,000 |
Business for Sale Overview:
This is a very unique business. For you, it is an opportunity to take over one of the most complete “Family Entertainment Centers” in the Country. It includes: 10 Remodeled Movie Theaters that show first run movies with new stadium seating, paint and carpeting. There is a concession area, huge game room, Sports Bar with 4 giant digital projection systems, 32 TV’s, billiards, darts and other games. Other features include a Comedy Club that showcases top nationally recognized touring comedians, Miniature Golf,Race Cars, Batting Cages, and a Studio Cafe for great quick meals before or after a movie. This opportunity gets even better when you consider the demographics. The Complex is located in a highly desirable, high income suburb of Atlanta with good population density. It is in a busy shopping center located at one of the highest traffic count intersections in the area and has great accessibility and plenty of parking. The operation has solid management and daily operating employees in place. If you have the marketing and sales skills to reach the fun and entertainment consumer, this may be the perfect opportunity for you. It is a very unique business and an opportunity that you will likely never see again. Sales figures and cash flow are Sellers projections for 2008 based on pre-renovation historical attendance.
Property Features and Assets:
This is a very large complex and includes 100,000 square feet of indoor under roof activities theaters, restaurants, game rooms, offices and about 3 acres improved for outside activities golf, go kart, batting. All areas are fully furnished including 2 large fully equipped commercial kitchens and two pizza ovens. Additional space is available if needed for growth or expansion. There have been major facility improvements since the summer of 2007.
Market Competition and Expansion:
There is no competition that offers what this complex offers. Competition comes mostly from stand alone single venue companies for miniature golf or game rooms or movies or bars/restaurants. The comedy club has no local competition. During the last 6 months, the current owner has been hampered by all the construction / renovation of the theaters. He has not done the marketing and promotion to grow the business and to get the word out that the renovations are now complete. This is a great opportunity for a new owner to grow the movie attendance which will automatically grow the income from all the other venues at the complex. It is reasonable to project 200,000 plus movie tickets sold per year.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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