NOT DISCLOSED, New Jersey
| Asking Price |
$150,000 |
Year Established |
|
|
| Annual Revenue |
$287,000 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
Elliot Dweck |
|
| Annual Cash Flow |
$20,000 |
Listing Number |
980334 |
|
| # of Employees |
6 |
Business Category |
Recreation: Entertainment |
|
Business Overview:
Franchise Axe Throwing Business! Only 75k Down! Motivated Seller!
This location was opened and still owned by the founders of the franchise. The owners saw the concept in Canada and were the first axe throwing venue in the US. They built it to over 30 locations, sold the franchise and kept this location for themselves. When they were still in NJ, revenue was over a million dollars. Since then, the owners have moved to Florida and have opened another location there. Without being hands on and local in NJ, they aren't able to operate this one properly, thus revenue of the location has sharply declined. With a hands on operator coming in and doing some marketing for more corporate events, birthday parties, etc., there is tremendous potential to bring the revenue back to over $1M. There is also potential to add other entertainment concepts to the space, such as food and drink, billiards, ping pong, darts, foosball, etc. There are currently 6 employees. Included in the sale is an email list of over 80,000 customers. Currently, new franchisees must pay $50,000 upfront and spend about $500,000 on the buildout. Here you have an opportunity to buy a franchise that's already established with a strong customer base for only 30% of that!
Property Features and Assets:
<p>Monthly Rent: $5,565.00<br><br>Square Units (Foot, Meter): 4,850<br><br>Lease Expiration Date: December 31, 2032, 4:33:00 PM<br></p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity