Listing ID: 76767
Crown Lanes Bowling Alley Walsenburg, a turn key, lucrative and fun business opportunity! Built-in 1940, Certified bowling alley since 1961. A great mix of mod style vintage lanes and modern computerized scoring system with 8 26” flat screen HD TV’s, plus new glow in the dark carpet/counters/and lanes ready for Cosmic Bowling. Currently has a food and beverage license, a snack bar area, and glass coolers. Many upgrades including a new roof, furnace, gas heat, air conditioning, and a security system installed in 2010. Well lit large parking lot on the south side of the building accommodates league and tournament parking and would be great for food trucks on open bowl days/nights. Build on the success of this classic bowling alley and entertain Walsenburg for decades to come! Qualified Opportunity Zone!
- Asking Price: $525,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell operating businesses. However, the true reason and the one they tell you might be 2 absolutely different things. For instance, they might state "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competition, recent decrease in earnings, or a variety of other reasons. This is why it is extremely vital that you not depend entirely on a seller's word, however rather, utilize the seller's answer in conjunction with your overall due diligence. This will paint a much more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering items such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that profit margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new clients? Most times, operating businesses have repeat clients, which form the core of their everyday revenues. Particular factors such as new competition growing up around the area, roadway building, as well as employee turnover can influence repeat customers and negatively affect future profits. One important point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the higher the possibility to construct a returning client base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the local typical family earnings impact future revenue prospects?