Semi-Absentee Indoor Play Center with Zero Down

Not Disclosed, TX
Fort Bend County


Asking Price: Annual Revenue:
$143,000 $328,929

Recreation: Entertainment


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RE: Semi-Absentee Indoor Play Center with Zero Down Broker: Anthony Keane

Quick Facts

Asking Price: $143,000
Annual Revenue: $328,929
Net Profit: Not Disclosed
Cash Flow: $75,949
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 5
BBN Listing #: 171744107
Broker Reference #: 76931-441247

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Business Overview:

Indoor playground located in West Houston (Katy Area) with excellent growth potential. The business has been located in a prime strip center for the past 3.5 years (established in 2018). The current owner has upgraded all POS systems to allow online reservations for parties and open play, which allows easy traffic tracking for moms who are afraid of overcrowding as a result of COVID.

The playground has excellent reviews and is among the highest compared to competitors in the Katy area. In addition, the business has a significant following base on Facebook with more than 4k subscribers along with an average of 4.3-star review on Google (238 entries). This facility offers attractions for kids up to 7 years old and has three rooms to host birthday parties and events. The owner has invested approximately $300,000 in the playground, which enables him to offer food, mascots, and fully decorated parties.

Pre-COVID operations provided revenues (2019) of ~$328,000 with an SDE of ~$75,949. This is a semi-absentee-run business with tenured staff in place. Due to COVID-19, the owner has reduced headcount. During this past 2021 summer, the business hit record-high figures, exceeding any pre-COVID revenues. Seller's focus has been on other business interests since the start of the pandemic, therefore, a significant opportunity exists for someone who can focus on growing the business further. This sale offers an incredible growth opportunity in an almost new playground facility with a zero down payment and very attractive EIDL Loan terms (30 years and interest rate of 3.25%). Moreover, the owner has hired a leasing consultant who has started negotiations with the landlord on new/updated lease terms, which aim to reduce the current rent.

The business was created by a husband and wife in December 2017. Current Owner purchased the business in 2019 and helped the business grow from its original owners. The current owner has two children of their own and decided to enter this industry to provide a safe, unique, and realistic educational environment for pretend play. The playground has a two-story play structure with slides, tunnels, obstacles, as well as a climbing tower that allows kids to burn off some energy. The facility also has an infant /toddler section with activities that are stimulating and fun.

Over the years, the husband focused on growing the business and was highly successful in developing a pipeline of birthday parties with all the necessary add-ons (food/decorations / mascots) done in-house while increasing the reach of the playground around the Katy area. He was able to develop an appealing business strategy that is currently implemented by the staff.

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Reason for Selling:

Personal

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.

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