Seller's Contact Information
- RE: Popular Boardwalk Amusement Center
- Contact: Greg Gradel
Quick Facts
Asking Price: | $424,900 | |
Annual Revenue: | $578,658 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $193,101 | |
Total Debt: | Not Disclosed | |
FF&E: | 273,753 | |
Real Estate: | Not Disclosed | |
Year Established: | 1970 | |
Employees: | 8 | |
BBN Listing #: | 14034955 | |
Broker Reference #: | 3410-17743 |
Business Overview:
Popular boardwalk amusement center featuring nice mix of the latest arcade games coupled with a mix of nostalgia games as well. Many loyal customers earning rewards points keeps them coming back.
This is a fun alternative to the casinos for families and kids strolling the boardwalk. Open year round.
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Property Features and Assets:
Arcade is on an ocean front location on a busy boardwalk in 2,800 sf of space. Lease includes additional apartment that can be repurposed as rental space for add on revenue. Facility includes free parking in rear for employees. Assets = $315,756
Market Competition and Expansion:
Oldest operating arcade on the boardwalk. Revenue steady even thru the pandemic years. Closest competitor 1/2 mile away. Arcade offers family entertainment options. Growth potential exists by re-configuring gaming and prize area to add additional popular arcade games, increasing local store marketing and partnering with local business for joint marketing initiatives.
Reason for Selling:
The owner wishes to retire.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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