Asking Price
$2,500,000
Gross Revenue
$1,611,366
Cash Flow
$459,064
Overview
Net Revenue
$1,413,368
EBITDA
$404,972
Inventory
$10,000 (Included in asking price)
FFE(Furniture, Fixtures and Equipment)
$1,143,500 (Not included in asking price)
Property
Freehold
Value of Real Estate
$50,000 (Included in asking price)
Business
Description
The business is a privately owned arcade and entertainment center in Washingtonstate. The business has arcade games, mini golf, go carts, bumper boats, batting cages and outside picnic areas. All assets of the business are available as an asset sale. The parcels are included in the sale.
The business was started decades ago and purchased by its current owner in January 2018.
Business Hours:
Drive Thru Hours:
Monday –Thursday 11:00 am –9:00 pm
Friday 11:00 am –10:00 pm
Saturday 10:00 am –10:00 pm
Sunday 10:00 am –9:00 pm
The business has 26 staff members: one general manager, one head of maintenance, and the remaining employees are part time, typically high school or college students, and the number fluctuate.
The business has an Amusement Games license from the State of Washington. The new owner will need to apply for a license.
The current owner is selling in order to focus other investment opportunities. The owner is willing to stay on for up to 30 days unpaid to transition the business. The general manager runs the day to dayactivities, and the current owner has very little involvement. The seller may be willing to provide financing.
The business was started decades ago and purchased by its current owner in January 2018.
Business Hours:
Drive Thru Hours:
Monday –Thursday 11:00 am –9:00 pm
Friday 11:00 am –10:00 pm
Saturday 10:00 am –10:00 pm
Sunday 10:00 am –9:00 pm
The business has 26 staff members: one general manager, one head of maintenance, and the remaining employees are part time, typically high school or college students, and the number fluctuate.
The business has an Amusement Games license from the State of Washington. The new owner will need to apply for a license.
The current owner is selling in order to focus other investment opportunities. The owner is willing to stay on for up to 30 days unpaid to transition the business. The general manager runs the day to dayactivities, and the current owner has very little involvement. The seller may be willing to provide financing.
Growth Prospects
The business could grow through more indoor activities and events. One example would be the restaurant offerings and a lounge for parents.
Sale
Reason for Selling
The current owner is selling in order to focus other investment opportunities.
Training/Support
The owner is willing to stay on for up to 30 days unpaid to transition the business. The general manager runs the day to day activities, and the current owner has very little involvement.
Premises
Facilities
Two parcels of land that include the mini golf, go carts, bumper boats, batting cages and outside picnic areas. The business rents space for the arcade games. Base rent is $2,787.50 per month . Gross percentage rent is the amount by which 6% of total sales exceeds the base rent, due by Feb 1 of each year. The tenant pays it’sown utilities, and also pays it’s percentage share of operating expenses and taxes. All equipment (arcade games, go karts, bumper boats, kitchen equipment, batting cages, etc.) are included.
Location
Yakima County, WA
Contact The Seller
Message Sent.
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