Listing ID: 83906
Well-established and largest Escape Room in Michigan grossing $1,100,000 annually. Sale Includes additional new location in Brighton AND 7 state-of-the-art mobile escape room trailers valued at $300,000. Sale also includes website, phone numbers, all marketing materials, all originally created escape rooms and more! Please contact listing broker at 734 732 3789 with further questions.
- Asking Price: $2,495,000
- Cash Flow: $1,086,009
- Gross Revenue: $1,086,009
- EBITDA: N/A
- FF&E: $1,000,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:7,500
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
Included in the sale are: 7 Mobile Trailer escape rooms valued at $300,000. A second location in Brighton
Seller willing to remain on for assistance and training for up to 90 days.
Seller has created two other businesses that he wants to focus on.
Largest escape room in Michigan. All escape rooms are unique to this location. The Escape Room is located in a mall that is entertainment focused.
Almost unlimited growth potential. 2 additional escape rooms are currently under construction. 7 mobile escape room trailers for parties and events included - more can be utilized to capture the market.
This Business Is An Established Franchise
The company was established in 2016, making the business 6 years old.
The company has 13 employees and is located in a building with approx. square footage of 7,500 sq ft.
The building is leased by the business for $12,600 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell companies. Nonetheless, the true factor and the one they tell you might be 2 entirely different things. For instance, they may state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or a range of various other factors. This is why it is really crucial that you not depend absolutely on a seller's word, but instead, utilize the seller's answer together with your overall due diligence. This will paint a more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering things such as inventory, payroll, accounts payable, etc. Remember that in some cases this can mean that earnings margins are too thin. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new clients? Most times, businesses have repeat clients, which develop the core of their daily earnings. Specific variables such as brand-new competitors growing up around the area, roadway construction, and also personnel turnover can affect repeat clients as well as negatively impact future earnings. One essential point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the better the chance to develop a returning client base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? How might the regional average household earnings impact future earnings potential?