Own a Casino! With Rental Income and Upside
Business Description
This established gaming facility represents a compelling investment opportunity in Jacksonville, Boundary County. The property features a newly constructed building housing gaming parlors situated on a strategically positioned 1.5-acre lot.
FINANCIAL PERFORMANCE:
The asset currently generates a robust 15% capitalization rate through a combination of gaming operations and tenant lease income, demonstrating strong operational performance and market demand.
PROPERTY SPECIFICATIONS:
- New construction gaming facility
- Multiple gaming parlors within the building
- 1.5-acre commercial lot providing substantial land area
- Established tenant base generating consistent rental income
- Proven revenue streams from both gaming operations and property leasing
GROWTH POTENTIAL:
The expansive lot size presents significant development opportunities for additional revenue-generating structures, including potential self-storage facilities or additional commercial buildings. This expansion capability offers investors multiple pathways for increasing returns and diversifying income streams.
INVESTMENT HIGHLIGHTS:
- Established gaming business with operational history exceeding one year
- Dual revenue model combining gaming operations with rental income
- New construction eliminating immediate capital expenditure concerns
- Strategic location in Jacksonville with established customer base
- Significant land area for future development and expansion
- Strong current returns with substantial upside potential
This turnkey operation provides investors with immediate cash flow while offering substantial growth opportunities through property development and business expansion. The combination of established gaming operations and rental income creates a diversified investment profile suitable for experienced commercial investors.
Comprehensive financial documentation and detailed offering memorandum available to qualified buyers upon request through the listing broker.
FINANCIAL PERFORMANCE:
The asset currently generates a robust 15% capitalization rate through a combination of gaming operations and tenant lease income, demonstrating strong operational performance and market demand.
PROPERTY SPECIFICATIONS:
- New construction gaming facility
- Multiple gaming parlors within the building
- 1.5-acre commercial lot providing substantial land area
- Established tenant base generating consistent rental income
- Proven revenue streams from both gaming operations and property leasing
GROWTH POTENTIAL:
The expansive lot size presents significant development opportunities for additional revenue-generating structures, including potential self-storage facilities or additional commercial buildings. This expansion capability offers investors multiple pathways for increasing returns and diversifying income streams.
INVESTMENT HIGHLIGHTS:
- Established gaming business with operational history exceeding one year
- Dual revenue model combining gaming operations with rental income
- New construction eliminating immediate capital expenditure concerns
- Strategic location in Jacksonville with established customer base
- Significant land area for future development and expansion
- Strong current returns with substantial upside potential
This turnkey operation provides investors with immediate cash flow while offering substantial growth opportunities through property development and business expansion. The combination of established gaming operations and rental income creates a diversified investment profile suitable for experienced commercial investors.
Comprehensive financial documentation and detailed offering memorandum available to qualified buyers upon request through the listing broker.
About the Business
- Years in Operation
- 2
- Employees
- 3 Part-time
- Facilities & Assets
- 2000 sf steel building on 1.5 acre lot with 1000 sf tenant. 6 gaming machines owned by gaming service company under long-term contract. All FF&E goes with sale, a true turn-key operation
- Market Outlook / Competition
- There are a few other bars with gaming in town but not over saturated.
- Opportunities for Growth
- Opportunities for growth include increasing patron traffic, hosting events, building on extra land available for self-storage, shop building, etc.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 2,000
About the Sale
- Seller Motivation
- Seller wants to purchase another business and needs the capital to do so.
- Transition Support
- As needed.
Listing Info
- ID
- 2546443
- Listing Views
- 14
Listing ID: 2546443 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 of Use. Learn how to avoid scams.
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