Family Fun Center & Video Arcade South Orange County For Sale

Business description

Seller needs immediate sale. The total investment is $50,000 down plus assume a loan payable $1,527.78 per month for 27 months with a $30,000 balloon payment at the end. Buyer also has the option to assume a loan on 10 games payable $1,775 per month for 3 1/2 years or turn in the 10 games and eliminate the loan. Buyer will need $20,000 for cash in the drawer and inventory. The net if keep the games and both loans would be about $15,000 per year or $30,000 per year if you do not keep the 10 games and eliminate the loan. The facility will still have lots of games without these 10.

Family style fun center & video arcade (admission fee = no loiterers); safe family area So. OC. Players win tickets redeemed for prizes (free games for parents while kids play games like Deal or No Deal & XBox 360 incl. Hero III & Halo 3). Two party rms for team/birthday parties or fund raisers (opens to 1 room seats 60). Price incl. $200k of games/furn/equip. 16-camera DVR security system; view from office or via internet (watch your business from home). Free standing bldg on busy street.

Property information

Premises details:

6,000 sq ft free-standing building with plenty of parking. Rent $13k incl CAM. Expires April 2013 with 5 yr option @ CPI.

Other information

Expansion potential:

1) More mktg to church/youth groups, YMCA, summer camps, non-profits, school districts, 2) reactivate/expand local TV mktg, 3) add higher end games & charge more, 4) add kitchen to cook pizza (quicker delivery & cheaper? than ordering out) which seller thinks could double pizza sales (customers stay longer, buy more sodas, etc?), 5) more e-mail mktg to database of customers that subscribed.

Competition / Market:

Limited competition

Support & training:

Seller will train for 2 weeks.

Reasons for selling:

Business opportunity in China

Trading hours:

Summer: Sun-Th 10a-11p, F-S 10a-12a; Winter: M-Th 2p-10p, F 1p-12a, Sat 10a-12a, Sun 10a-10p

Inventory / Stock value:

$20,000