Listing ID: 71419
*** At the request of the seller, the info provided here (publicly) is minimal and all details and full financials are to be provided only after NDA is signed.***
Purchase this all encompassing, state-of-the-art sporting complex complete multiple grass fields and one turf field. Also includes fitness center and café. The business is made up of 50% rental and 50% club business.
• Includes a domed facility and 2 outdoor fields grass fields and 1 turf field.
• Indoor driving range which operates from November to May
• Rental Agreements for long term with 6 different entities
• Turn key business
Contact us today for all details and to schedule a call with the seller!
- Asking Price: $5,000,000
- Cash Flow: $103,757
- Gross Revenue: $638,637
- EBITDA: N/A
- FF&E: $94,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2005
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:85,580
- Lot Size:N/A
- Total Number of Employees:25
- Furniture, Fixtures and Equipment:N/A
The seller is open to a Sale-Leaseback arrangement. This unique, one-of-a-kind building offers a lot for different types of uses. The entire property is zoned highway commercial. Business includes indoor soccer, indoor golf, fitness center and café. Perfect for use as a sports complex with 70 foot ceiling. The complex would also be great for a self storage facility, national fitness tenant, gymnastic center or even a large church.
1 year from day of sale in a consulting role to maintain consistency and stability during the transition. There is a strong possibility that the coaching staff (5) and the coaches (15-20) will stay on, if requested by the new owner(s).
Our location serves western NY and the players. Our primary renters are from the westside and there is no competition as we have the best facility, turf and lighting in western NY. Our renters have 3-5 year agreements. The Rochester Lancers are the only “for profit” club in western New York State. Competition: There is only one competing soccer club approximately 20 miles away, which is a “not-for-profit” club.
Potential growth is hosting big events in the summer time as our facility would serve for RV shows, boat shows, or any big events in the summer. BUSINESS: • Batting Cages • Bowling • Go-Kart Course • Hockey • Ice Skating • Lacrosse • Laser Tag • Mini Golf PROPERTY: The following are possible potential uses for the property: • Storage facility • Solar Farm • Gas station • Church • Health Care development
The venture was started in 2005, making the business 17 years old.
The company has 25 employees and is situated in a building with disclosed square footage of 85,580 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell companies. Nevertheless, the genuine reason vs the one they say to you may be 2 absolutely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be reasons to try to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or an array of other factors. This is why it is extremely vital that you not depend completely on a seller's word, but instead, make use of the seller's solution along with your overall due diligence. This will paint a more sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that revenue margins are too thin. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new consumers? Most times, operating businesses have repeat consumers, which develop the core of their daily earnings. Particular factors such as new competitors sprouting up around the area, roadway building and construction, and staff turn over can impact repeat clients and adversely impact future earnings. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the possibility to construct a returning consumer base. A last thought is the general area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the neighborhood average home income influence future revenue prospects?