Listing ID: 72722
Profitable family fun business that is well-established and turnkey!
This business provides fun and entertainment for all family members and to those seeking exciting corporate activities.
The depth and complexity of the games allow for all members of the party to be engaged and have fun!
Would cost far more than the business to try and duplicate!!! There are enough games and resources to run for another 5-8 years without purchasing more games.
- Asking Price: $189,000
- Cash Flow: $66,116
- Gross Revenue: $153,698
- EBITDA: N/A
- FF&E: $85,000
- Inventory: $500
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Moving onto next chapter in life/out of area
The deal won't include inventory valued at $500*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell companies. Nonetheless, the genuine factor and the one they tell you may be 2 completely different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or an array of various other factors. This is why it is really crucial that you not depend entirely on a seller's word, yet instead, use the vendor's answer together with your overall due diligence. This will repaint a more sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Remember that in some cases this can indicate that earnings margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new consumers? Many times, operating businesses have repeat clients, which create the core of their day-to-day earnings. Certain factors such as brand-new competition sprouting up around the location, roadway building, as well as employee turnover can influence repeat customers as well as adversely influence future earnings. One crucial point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business often, the greater the chance to build a returning customer base. A last thought is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the regional typical family income effect future income potential?