Seller's Contact Information
- RE: Family Entertainment Center-Lakes Region
- Contact: Ed Settino
Quick Facts
Asking Price: | $1,975,000 | |
Annual Revenue: | $213,556 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $136,110 | |
Total Debt: | Not Disclosed | |
FF&E: | $414,075 | |
Real Estate: | $1,715,000 | |
Year Established: | 2001 | |
Employees: | Not Disclosed | |
BBN Listing #: | 7048381 | |
Broker Reference #: | 222004 |
Business Overview:
Open Year-round, this Lakes Region family entertainment center offers activities for all ages. The wide variety of activity options suit the needs of individuals or groups. The business draws customers from a 50 mile radius. This is a great destination for family fun time, date night, groups, parties or company outings. Ownership has invested in the operation keeping equipment up-to-date and installing technology to efficiently run the business. The business is located in a high traffic location. Multiple avenues are available to continue to grow the operation including enhancing what’s in place or adding additional attractions. The business, good will, established customer base, training during the transition to a new owner, $1,188,000 worth of capital improvements, vehicles and equipment, income-producing, two-sided illuminated roadside billboard, 19-acre property with excellent visibility, paved parking lot and $5,000 of inventory and supplies are available for an offering price of $1,975,000. The offering price is allocated at $1,715,000 toward the value of the real estate and $260,000 toward the value of the business and its assets.
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Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- 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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