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Family Entertainment Business - High Cash Flow

Las Vegas, NV
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Asking Price:$985,000
Gross Revenue:$1,233,410
FF&E:$63,825
Cash Flow:$536,491
Inventory:$10,055
Established Year:2016
Listing ID: 2293698Listing provided by BizBuySell
BUSINESS DESCRIPTION

Established since 2016, this is a highly profitable family entertainment business in one of the busiest areas in Las Vegas. The entertainment concept is unique and highly popular. Approximately 84% of revenues come from admission fees, 11% come from beverage sales, and 5% come from mobile events and merchandise sales. There is 1 full-time manager and 10-14 part-time employees including a maintenance associate and bookkeeper. The owner works on average 27 to 28 hours a week; some of it on-site and some of it off-site. The owner’s job duties include paying bills, placing ads, approving staff schedule, running payroll, and advising / guiding staff. The owner started the business from scratch and it is now time to move on to a new challenge. This is an exciting opportunity to take over a fun and highly profitable business and grow it to the next level.

DETAILED INFORMATION
Location
Las Vegas, NV
Inventory
Not Included in asking price
Real Estate
Leased
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business is located in a prime location in Las Vegas with millions of visitors annually. The leased premise is 2,221 square feet. The is a large signage as well as neon signage. The business is open seven days a week.
Competition
As the first business of its kind to open in Las Vegas, this business has a great reputation and lots of five-star reviews online. The location is superb with lots of foot traffic. The business also offers unique options its competitors do not.
Growth & Expansion
The owner has not been on-site as much in recent years. For example, the owner might spend 25 hours a week working from home and 2-3 hours a week on-site. This is a business that needs some TLC and an on-site owner who is there to make sure the staff are optimizing sales. There are opportunities to grow the business that the current owner has not had the drive to pursue. A new owner with fresh energy could dial things in and pursue opportunities to grow the business.
Financing
Cash at closing. Seller will not consider seller financing. Broker can assist buyer w
Support & Training
The seller is willing to train. Details negotiable.
Reason for Selling
The owner wishes to move on to a new challenge.
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Aaron
Muller
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Aaron Muller
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