Long Time Bingo Hall

Michigan

Asking Price:	$1,115,000
Gross Revenue:	$280,075

Cash Flow:	$168,185
Established Year:	1980

Listing ID: 2265243Listing provided by BizBuySell

BUSINESS DESCRIPTION

This established and profitable bingo venue makes for a very attractive investment opportunity. Located in West Michigan, this auditorium has been in business continuously for over 40 years and is a mainstay in the community.

There is nothing needed to add to hit the ground running. Currently the hall hosts 9 sessions (games) per week. Bingo is played every day! Many non-profits see bingo as an essential way to raise money for their worthy causes. In addition to live bingo games, there are also pull tabs and concessions.

DETAILED INFORMATION

Location

Michigan

Inventory

Not Included in asking price

Real Estate

Owned

Building SF

9,200

Employees

Facilities

-Auditorium is approximately 8,000 sqft -Building on the property that is leased out is approx. 1,200 sqft -Expressway visibility -Steel construction with kitchen -Current auditorium built in 2004

Competition

-There isn’t much competition. The closest competitors are an hour away.

Growth & Expansion

-Currently there are 9 games per week, but the facility is licensed for up to 14 games per week -There is bingo played every day of the week and twice on Friday and Sunday -Electronic gaming is under consideration by the State

Support & Training

-Seller will train a new owner -All games are run by the nonprofits, no involvement by the owner(s) -Concessions are subcontracted out to third party -Cleaning of the auditorium is performed by a third party

Reason for Selling

-The Seller wishes to retire

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