Listing ID: 78768
Great business opportunity to own a busy bowling center. Same owner since 1978 is looking to retire! Only one in the North Country area! Premiere Commercial Site and location with great local history! 9500 sf building could easily be converted to other commercial space. Lots of Parking, 10 lanes, several Bowling leagues, regular group activities, Lounge with full bar and Dart League. Busy catering business with trailer and equipment included. Often features Cosmic Bowling for all ages and birthday parties, Christmas parties too! (Yes I said Christmas!) Property includes lounge area and is fully equipped. Newer roof and heating system. Possible Owner financing and training.
- Asking Price: $275,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell businesses. Nonetheless, the true factor vs the one they say to you may be 2 completely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in revenues, or a variety of other factors. This is why it is extremely crucial that you not count absolutely on a seller's word, yet instead, make use of the vendor's solution along with your overall due diligence. This will paint a more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that revenue margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new clients? Often times, operating businesses have repeat consumers, which form the core of their everyday revenues. Particular aspects such as new competition sprouting up around the location, roadway construction, and also staff turnover can influence repeat consumers and also negatively impact future incomes. One important thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the greater the possibility to build a returning consumer base. A last thought is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Just how might the local median house earnings influence future earnings prospects?