Listing ID: 80501
Business Overview
A North Georgia Best Business Family event center providing quality entertainment and great food for young and old. Open 7 days a week in a quaint southern city located 77 minutes from Atlanta’s spaghetti junction. A historic location with 25,009 square feet of multi revenue streams producing 2021 annual revenue increases of 84%.
SBA 7(a) lender letter of interest provided on 2/25/2022 is supported by the financials.
The business sale includes:
A regional favorite casual restaurant and full-service bar including live music stages for indoor and outdoor patio entertainment with a fireplace. The large HD flat screens, distinctive classic rock décor and premium sound system make this the place to party.
Now add competition pool tables, dart boards, multiple arcade games for kids and adults alike.
The true showpiece in this offering is the 16 PBAA certified synthetic bowling lanes and Brunswick A2 bowling machines for competition bowling, leagues and family fun. A full-service bowling center providing professional support, shoe rentals, bowling balls, ball drilling service, grip tape and ball cleaner. The lanes remain open to the public 7 days a week with exception for league nights and specially scheduled events. The lanes are scheduled annually for 32 weeks of league competition with 15 teams bowling 2 nights per week. All equipment is maintained daily by a 5-year, in-house mechanic and a regional PBAA Master mechanic on-call to ensure optimal performance.
A 450 seat Ballroom for special event planning and services. To include separate bathrooms and access designed for weddings, birthday parties, quinceañera celebrations, and community events.
A unique business opportunity for a buyer seeking to operate a growing, profitable, turn-key entertainment multiplex located in a historic North Georgia city.
Financial
- Asking Price: $974,000
- Cash Flow: $216,509
- Gross Revenue: $741,532
- EBITDA: N/A
- FF&E: $961,385
- Inventory: $15,000
- Inventory Included: Yes
- Established: 2011
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:25,009
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
The business started in 2011 in brick single story building of 70,000 square feet. This business currently utilizes 25,009 square feet. The location is significant to the history of this region and is well known in North Georgia. Customers and tourist alike travel to enjoy the local area and this unique business is must stop for fun seekers. Brick single story building of a total of 70,000 square feet. The business currently utilizes 25,009 square feet.
2 weeks
new business opportunities
One of two 16-lane bowling centers in the region. This well managed business offers a diverse fun factor not found anywhere else and is a notable component to this historic City.
Multimedia marketing efforts, enhanced customer service with facility updating, added venues like axe throwing, cornhole matches, and laser tag.
Additional Info
The business was established in 2011, making the business 11 years old.
The sale shall include inventory valued at $15,000, which is included in the requested price.
The company has 13 employees and is located in a building with estimated square footage of 25,009 sq ft.
The property is leased by the business for $3,640 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. Nonetheless, the genuine reason and the one they tell you may be 2 completely different things. As an example, they may say "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in profits, or an array of other reasons. This is why it is very important that you not count absolutely on a vendor's word, however instead, utilize the vendor's response along with your overall due diligence. This will paint an extra realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering points like inventory, payroll, accounts payable, etc. Remember that in some cases this can suggest that profit margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract brand-new consumers? Many times, companies have repeat customers, which develop the core of their day-to-day revenues. Specific factors such as brand-new competition sprouting up around the location, road construction, and also staff turnover can influence repeat clients and also negatively influence future incomes. One important thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the chance to build a returning consumer base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Just how might the neighborhood typical family income impact future earnings prospects?
