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Bowling & Entertainment Center
Location Iowa,United States
Asking Price Range $250K - $500K
Gross Revenues $426413
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide training
Reason for Sale Absentee Owner
Description Price Reduced to $300,000! This multi-use bowling and entertainment center opened in 2004 and is located in a fast-growing community in the Des Moines Metro area. It features an exceptional bowling experience for both adults and children. Bowlers can choose to participate in leagues, bowling clubs, or simply enjoy open bowling seven days a week.
The facility includes a full service bar and kitchen as well as a separate party room and entertainment center making it a perfect spot for birthday parties, end of the season celebrations for sports teams, corporate and team-building events, fundraisers, and holiday parties.
The business also specializes in X-Treme Bowling, a fun filled experience where the lights are turned down and the lanes glow in the dark.
This facility has no full-time manager and would benefit from an on-site owner. There are several opportunities available to increase revenue including:
1. Expand league bowling. Currently only one 12-team league bowls on a weekly basis. Most bowling centers generate the majority of their revenue through league bowling. Previously the center hosted three to four leagues a week.
2. Convert video game room into sit down dining. This would allow individuals to have a separate area away from the bowling lanes to eat and drink. Video game revenue is only between $6,000 and $7,000 per year. Dedicating the square footage to food and beverage has a huge up-side potential.
3. Increase company parties and outings. This revenue stream has declined due to lack of marketing and no full-time manager/owner to oversee the process.
Bowling is a multi-billion dollars business in the United States with over 5,000 bowling centers operating in the country. According to the Bowlers Journal, 67 million people bowl at least once a year and their average home income is over $71,000. Bowling centers have the advantage of being primarily a cash business with family-oriented, stable, and long-term popularity.
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