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Family - Oriented Entertainment Complex
Location Wyoming,United States
Asking Price Range $500K - $1.0M
Gross Revenues $596748
Net Profit / Cash Flow $176319
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2011
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Negotaible as required by Purchaser.
Reason for Sale Retirement.
Description This is a fun - family oriented entertainment complex located in Wyoming. This complex features an eight-lane bowling alley, arcade games including air hockey, pinball, and others, a restaurant, and most recently a new two-screen theater complex with seating for 200 guests. The movie theater just opened in September of 2011 and the revenues have more than tripled since that time.
The facility sits on a three-plus acre tract. The building includes a 100 square foot office, 300 square foot kitchen, ample dining areas, and ample storage areas as well as the bowling lanes and theater. The real estate is available for sale as well. It has been recently appraised for $2,265,000 and this includes all permanently-fixed equipment. The current loan on the real estate is thought to be assumable. A new qualified owner will be able to get a new lease from the owner if he/she chooses not to purchase the real estate.
It is assumed that this area is nearing a big growth spurt which should cause real estate values to increase substantially. New economic development is coming to town which will increase not only tourism but will increase the number of permanent residents in the area.
There is no competition for about 70 miles. This is the only entertainment complex in a seventy mile radius. The complex is open Monday through Saturday and provides different specials all week long.
This business has a great future potential. There is plenty of room available on the grounds to add two additional theaters. One of the additional theaters could be a 3-D theater. One could also add other higher-profit games such as laser-tag and X-games. A new owner could choose to be open on Sunday's which has a potential revenue increase of about ten to fourteen percent.
Call Larry Blevins (719) 635-8133. Asking Price $535,000.
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