Family-Oriented Entertainment Complex (ID: 1083870)

Asking Price: $535,000
Gross Revenue: $599,046
Cash Flow: $348,320
Inventory: n/a **
Real Estate: $2,265,000 **
FF&E: n/a **
Business Listed by LISTING BROKERNational Business Brokers & Consultants
Contact Broker:Dave FinsterwaldNational Business Brokers & ConsultantsView All of My Listings
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Business Description

This is a fun – family oriented entertainment complex located in Wyoming. This complex features an eight-lane bowling alley, arcade games including pinball and others, a recently-remodeled regional pizza franchise restaurant, and a two-screen theater (one of which is 3-D) complex with seating for 200 guests. The movie theater just opened in September of 2011 and the revenues have more than tripled since that time. The renovation of the restaurant was just completed in December of 2012 and food revenues have increased considerably since that time.

This area is in a big growth spurt which should cause real estate values to increase substantially. New economic development, including a Shop-Ko retail center (a Wal-Mart type center), a new Marriott Fairfield hotel, and a new LDS complex, is just beginning in town which will increase not only tourism but will increase the number of permanent residents in the area.

There is no competition for about 70 miles. This is the only entertainment complex in a seventy mile radius. The complex is open Monday through Saturday and provides different specials all week long.

About the Business

Year Established: 2009
Number of Employees: 6

Facilities: The facility sits on a three-plus acre tract. The building includes a 100 square foot office, 300 square foot kitchen, ample dining areas, and ample storage areas as well as the bowling lanes and theater. The real estate is available for sale as well. It has been recently appraised for $2,265,000 and this includes all permanently-fixed equipment. The current loan on the real estate is thought to be assumable. A new qualified owner will be able to get a new lease from the owner if he/she chooses not to purchase the real estate.

Market Outlook/Competition: This business has a great future potential. There is plenty of room available on the grounds to add two additional theaters. One of the additional theaters could be a 3-D theater. One could also add other higher-profit games such as laser-tag and X-games. A new owner could choose to be open on Sunday s which has a potential revenue increase of about ten to fourteen percent. A new owner could also choose to add liquor sales.

About the Sale

Reason For Selling: Retirement

Training/Support: Negotiable as required by Purchaser.

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