Listing ID: 81358
Strong Revenues – Experiencing Growth Annually
• Excellent Mix of Clients
• Local, Regional, and National Brand Recognition
• Completely Turnkey Operation
• Highly Experienced Team in Place
• Huge Upside Potential in Existing Market Demand
• Featuring Go Karts, Rides, Indoor Center, & More
• Located within a Day’s Drive to 5 Major Markets
This is an outstanding, awesome opportunity to acquire a very successful family fun amusement center located in the Southwestern U.S. Truly one of a kind in the local market with solid earnings continuing to grow year over year. Since its inception in 1992, this business has expanded indoor and outdoor fun for all featuring go karts, amusement rides, arcade games, celebrations, plus food and drink. The business has an amazing reputation built over the past 3 decades known locally, regionally, and even nationally! All this and there is still room for great growth. The projected revenue for 2022 is expected to exceed $7M in sales returning over $1.7M in Sellers Discretionary Earnings. This family fun center celebrates birthdays, first dates, engagements, retirements, bachelor and bachelorette parties, and many other milestones. The Seller is offering the entire package here; business, facilities, and land. The Land will be sold at the current appraised value. However, the Seller will offer the business separately with ability to establish a lease for facilities and land. These opportunities don’t come around very often.
For a Detailed Confidential Presentation with Financials & Valuation Please contact:
Tim Canale, M&A Advisor – Sunbelt Business Advisors – Minneapolis
Tel: 702-210-7531 Email: email@example.com
- Asking Price: $8,700,000
- Cash Flow: $3,000,000
- Gross Revenue: $7,000,000
- EBITDA: N/A
- FF&E: $550,000
- Inventory: $50,000
- Inventory Included: Yes
- Established: 1992
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:15,200
- Lot Size:N/A
- Total Number of Employees:85
- Furniture, Fixtures and Equipment:N/A
30 days at 40 hours per week
The venture was founded in 1992, making the business 30 years old.
The deal shall include inventory valued at $50,000, which is included in the listing price.
The company has 85 employees and is located in a building with disclosed square footage of 15,200 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. However, the true factor vs the one they say to you might be 2 completely different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of various other factors. This is why it is really crucial that you not depend entirely on a vendor's word, however rather, utilize the vendor's answer together with your general due diligence. This will repaint a more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, and so on. Remember that sometimes this can mean that earnings margins are too thin. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new clients? Most times, operating businesses have repeat clients, which create the core of their daily profits. Specific factors such as brand-new competition sprouting up around the area, roadway building, and also personnel turnover can affect repeat consumers and adversely influence future revenues. One essential point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the better the chance to construct a returning client base. A final thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? How might the local average house earnings impact future income potential?