Business for Sale Overview:
The Casino has been established and successful for 12 years. It has an outstanding location on a main arterial with great visibility. There is parking for over 200 cars and it holds over 1,000 customers. The current owner is absentee. The casino has 15 tables - 4 Poker and 11 House Branded Games. There are lounges and food service. The food service could be upgraded by the new owner. The business occupies over 20,000 square feet and could easily accommodate live entertainment and dancing. This is a stock sale and the Seller is selling 90% of the Corporation's stock. The Buyer will have to be approved by the Gaming Commission; which will mean a background check, verification of funds and deposits, and other paperwork. The Seller is offering terms with 50% down over 7 years at 7%. This business needs an owner operator.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The Casino has been established and successful for 12 years. It has an outstanding location on a main arterial with great visibility. There is parking for over 200 cars and it holds over 1,000 customers. The business occupies 20,000 square feet and is only about 65% utilized. There will be a sub lease for $25,000 per month with NNN charges of $2,000 per month. The lease runs till 12/31/2026.
Market Competition and Expansion:
There are other casinos in the area, however, this one has been established for over 12 years and has a loyal following. It also is one of the oldest ones in the area.The current 20,000 square feet is only being 65% utilized - the new owner could easily add live entertainment and a dance floor. The additional space could be leased out to groups for weddings, parties, meetings, etc. A little updating and painting and this could look like a new casino. Just having an on site owner operator would make a great difference.
Reason for Selling:
The Seller is absentee and has other businesses to
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.