Listing ID: 83972
TIMBERTOWN LANES, Well maintained 8 lane bowling center, located in the village of Lewiston, features include newer synthetic AMF HPL lanes w/wood approach, Phoenix-s oiler, 82-70 pin setter, Steltronic Wins scoring system. Sale includes beer/wine and liquor license, lotto w/ terminal. Long bar, with beer and pop coolers(pop cooler not owned), concession area for hot dogs, popcorn etc. 8 new flat screens for scoring, locker area, shoe and ball inventory included in sale, non smoking, structure is a steel Butler building constructed around 1987, JUST OVER 7000 SQ FT. Pro shop area with display, currently has press for ball drilling(press not owned but could be for sale.) New pins still in the box included in sale. Men’s & women’s bathrooms, front & rear entry. Sale includes parking lot, property ID # 00164000000900.
- Asking Price: $325,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1986
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:7,282
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
7,000+ SF Butler® Steel structure. Sale includes parking lot (property ID 00164000000900. Pro Shop | Concession Area | Locker Area | Long Bar
The venture was founded in 1986, making the business 36 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell businesses. Nonetheless, the real factor vs the one they say to you may be 2 completely different things. As an example, they may claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be reasons to try to hide the reality of altering demographics, increased competition, current reduction in incomes, or a variety of various other reasons. This is why it is really vital that you not rely absolutely on a seller's word, but instead, use the vendor's response in conjunction with your total due diligence. This will repaint a more reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover points like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that profit margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also 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 contracts with vendors that must be met or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in brand-new clients? Most times, companies have repeat consumers, which form the core of their daily profits. Specific aspects such as new competition growing up around the location, road building and construction, as well as staff turn over can influence repeat customers as well as adversely affect future earnings. One important point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the possibility to build a returning client base. A last idea is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Exactly how might the regional mean home earnings impact future earnings potential?