Growing Entertainment Group (Bingo, Food, and Arcade) with $256,302 Cash Flow
Location Florida,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $5000000
Net Profit / Cash Flow $256302
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1993
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training owner will train new owner
Reason for Sale owner wants to retire
Description This Entertainment Group has grown steadily for more than ten profitable years at a prime location in a large metropolitan area of the East coast of Florida. It is poised to take advantage of available space for a major expansion and large revenue increase. The current owner runs the company successfully with total dedication to customer service but wants to retire after many busy years. The seasoned management team is expected to stay on with the new owner. Florida is currently one of the fastest growing states and is a major retirement objective for tens of thousands of Americans (Many of these are bingo and arcade players). This is your opportunity to acquire the ''Florida Lifestyle'' of palm trees and beaches, great restaurants and entertainment, while enjoying the growth and profits of this strong business group. Foreign buyer will likely qualify for permanent resident (green card) status under Sec. 203(b)(5), INA 8 USC, A1153(b)(5).
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