Multi-location indoor family entertainment centers with food/beverages

Michigan

Seller Financing Available

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Asking Price:$3,600,000
Gross Revenue:$1,109,000
EBITDA:$386,000
Real Estate:$1,800,000
Cash Flow:$411,000
Inventory:$20,000
FF&E:$200,000
Established Year:2002
BUSINESS DESCRIPTION

Franchisor Opportunity: The 3 facilities are first and foremost an indoor area for active children to play. Parents are encouraged to accompany their children on the playscapes, in the laser cave and around other areas. However, there are also areas where the parents and caregivers can relax and watch television, check emails, make telephone calls or tap into the free wi-fi.

• Revenue comes from several services and products, including:
• Individual admissions
• Membership passes
• Private parties and group events
• Healthy food and beverage choices
• School fundraising

The combination of products provided to a customer can vary from a single visit enjoying a cup of coffee to a private party with several dozen adults and children.

The six-month period from November through April generates over 68% of the annual sales with the spring/summer months responsible for 32% of sales. Revenue in the spring/summer months is enhanced by an emphasis on private parties.


DETAILED INFORMATION
Location
Michigan
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
20,000
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
One building is included in asking price, however the owner will lease the building if desired. Other locations are leased in strip malls. Assets are primarily play areas, sofas, televisions, climbing towers, laser tag, kitchen equipment, etc.
Competition
Very large market with limited direct competition. This company is a ‘healthy alternative to Chuck E. Cheese’ where the games and play area are focused on ‘active’ play and exercise. Likewise, the food options are wraps, salads, fruit snacks and other ‘limited processed foods.’
Growth & Expansion
Significant growth potential. Company was designed and built with franchising in mind, so everything is systematized. Growth within the current locations has been due to added catering and birthday party services along with revised pricing models. New locations would benefit from improvements made in the past few years.
Financing
Extensive financial information available... by location, by year, by P&L line item.
Support & Training
Owner will happily support the transition process. The company was established with franchising and an absentee owner in mind.
Reason for Selling
After 21 years of ownership, the founder is interested in retiring. The owner c
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Leslie
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Leslie Black