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Family-Oriented Entertainment Complex

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Wyoming |  Entertainment and Leisure  – Other Entertainment and Leisure |  Entertainment and Leisure  – Other Entertainment and Leisure

Asking Price:
$385,000
Gross Revenue:
$679,120
Cash Flow:
$421,771
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed

Real Estate:
$1,865,000
not included in asking price

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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 and prize-type games, 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 nearly doubled 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 as well as annual revenues 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 now going on 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 as 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 is a 20000 square foot structure and 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 appraised for
$2,265,000 and this includes all permanently-fixed equipment. the owners are offering the real estate for $400,000 less than appraised value! A lease-purchase arrangement may be available to a qualified buyer.
Market Outlook/
Competition:
This business has a great future potential. There is plenty of room on the grounds to add two additional theaters and additional bowling lanes. One could also add other higher-profit games such as laser-tag. 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 beer and wine sales. There have been many requests for the same but the current owners have chosen not to add liquor sales at this time but do have permitting ready for a new owner. Multi- million dollar economic development projects are heading into the area which will bring additional revenues due to the increase in people living in the area, additional tourists, and from construction workers who would be living in the area.

About the Sale

Reason For Selling:
Retirement
Training/Support:
Negotiable as required by Purchaser.

Listing Info

BizQuest Listing ID:
1083870
Ad Detail Views:
1616

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Business Listed by
Listing Broker:

National Business Brokers & Consultants


Contact Broker:
Dave Finsterwald
National Business Brokers & Consultants

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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.