Profitable and Popular Entertainment Venue

Raleigh, NC
Wake County

Asking Price: Annual Revenue:
$320,000 $365,000

Recreation: Entertainment

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RE: Profitable and Popular Entertainment Venue Broker: Tonya Kerr

Quick Facts

Asking Price: $320,000
Annual Revenue: $365,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $3,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 6
BBN Listing #: 449215821
Broker Reference #: Not Disclosed

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Business Overview:

Tired of "CorporateAmerica"?? Enjoy exploring your creative side? This profitable niche business is a perfect opportunity to have fun and excitement while owning your own business and enjoy going to work every day! This business is in the fast-growing Do It Yourself (“DIY”) entertainment industry with music and art mixed with crafts to produce a highly-enjoyable fun environment for individuals, families, children, and groups. The craft-making, mixed with music and art, include activities using glass, wood, and many other materials for making personal-use items for function and artistic display.

The company has a nicely-laid out entertainment facility of approximately 2,000 Square Feet which can be separated for multiple classes to be concurrently conducted. Special events are frequently held such as corporate team-building, birthday and anniversary parties, civic and book club social events, baby showers and girls night-out functions, school youth group events, and other various and diverse events and celebrations. For adults, night group functions are promoted where participants could be making craft and artistic items while sipping a craft beer or glass of wine and listening to soft jazz or lively beach music!! For children, there are various craft classes throughout the year and “summer camps” for a concentrated introduction to DIY craft-making with an exposure to music and art as well.

In addition, the company will travel to other facilities to do craft and painting activities. Staff members have conducted such off-site activities at business offices, museums, schools, restaurants and pubs, and even private residences where a party is being held. The company promotes its capability to effectively conduct these DIY craft activities at their own facility or off-site at a diverse mix of facilities.

Located in the heart of the Triangle area, the business is situated in a fast-growing section of NC and near three major national universities and numerous smaller private colleges. The demographics are very strong with high per capita income, educational levels, and discretionary spending for entertainment venues. The triangle area may be best place in the state for a business which emphasizes creative entertainment in a fun and exciting venue where personal expression is encouraged in a practical way with DIY activities.

With sales expected to approach and possibly exceed $380,000 in 2018 and Seller Discretionary Cash Flow I”SDCF”) of approximately $118,000, this unique and well-positioned business is priced at only 2.7 cash flow and is being offered at a very reasonable price of $320,000!! Strategically-positioned in a rapidly-growing industry, located in a robust NC area with great demographics, maintaining an extensive database of customers and participants for effective social media marketing, and with numerous opportunities for additional profitable growth, this business is a perfect opportunity for an energetic and outgoing husband/wife team or an individual with entertainment-venue experience. CALL or E-MAIL TODAY while this fun, DIY-based, and profitable business is still available!

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Property Features and Assets:

Nicely-upfitted and well laid-out facility of approximately 2,000 Square Feet which can be separated into several rooms for conducting multiple craft classes. There is an existing reasonable lease for this conveniently-located and very-visible facility which would be available to a qualified buyer.

Market Competition and Expansion:

There is excellent potential for future profitable growth through the continued introduction of diversified craft classes, such as possibly introducing clay and pottery=making classes. In addition. the Triangle area's expanding population and strong demographics together provide a good basis for continued business expansion.

Reason for Selling:

Other demanding professional and business interest

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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