Listing ID: 70223
Manufactures custom arcade game cabinets and installs pre-configured arcade games.
Wholesales, retails, and services arcade games (60% of business).
Wholesales and retails air hockey games and pool tables (40% of business).
Services air hockey games and pool tables/billiards.
Provides a pool table re-felting service in numerous colors.
Carries parts and accessories.
This business was established in 2008, current owners have owned and operated this business since 2015. Owners estimate that 60% of their business revolves around arcade games and 40% around pool table product lines.
Assets include two work vans, all furniture, fixtures, equipment, supplies, and materials to operate the business, business name, domain name, website, and social media business page. New business arrives via website and social media, along with significant word-of-mouth referrals. Operations have expanded outside the general Sevier County and East Tennessee areas into several other areas.
Expanding in 2021 with a public retail location, increasing manufacturing space in 2022. This business is poised for expansion and growth. Owner will train at no cost for up to 60 business days, or as agreed upon during negotiations to purchase this business.
- Asking Price: $999,000
- Cash Flow: $300,000
- Gross Revenue: $1,000,000
- EBITDA: N/A
- FF&E: $75,000
- Inventory: $20,000
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This business was established in 2008, current owners have owned and operated this business since 2015. Current owners have expanded business and are on track to almost double business from 2020 to 2021. Do not delay, please submit your request for more information about this business today.
There are a few other respected competitors in the area and plenty of business to go around.
Increase space (working on that now), add more employees, add a sales rep, and advertise more.
The venture was founded in 2008, making the business 14 years old.
The transaction won't include inventory valued at $20,000*, which ins't included in the asking price.
The company has 2 employees and is situated in a building with estimated square footage of 1,700 sq ft.
The real estate is leased by the business for $825 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell businesses. Nonetheless, the genuine reason vs the one they say to you might be 2 entirely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be reasons to attempt to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or a range of various other factors. This is why it is really crucial that you not rely completely on a vendor's word, but instead, utilize the seller's answer along with your overall due diligence. This will repaint a much more sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that earnings margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new customers? Often times, operating businesses have repeat consumers, which form the core of their daily profits. Specific variables such as new competition sprouting up around the area, road building and construction, and staff turn over can impact repeat consumers and adversely affect future revenues. One crucial thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the greater the possibility to construct a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the local mean household earnings effect future income prospects?