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Listed by:

AAI Financial Group, LLC

Established Arcade And Entertainment Center For Sale

Undisclosed, Washington, US
Asking Price:
$2,500,000 Furniture / Fixtures included
Sales Revenue:
$1,611,366
Cash Flow:
$459,064

Great Opportunity to Purchase a Key-Turn Business

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.

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 tofocus 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.

Complete detailed information about the company is available with a signed non-disclosure agreement.

Property Information

Location:

Washington

Premises Details:

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’s own 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.

Business Operation

Expansion Potential:

The business could grow through more indoor activities and events. One example would be the restaurant offerings and a lounge for parents.

Competition / Market:

There are few competitors in the area, and none that offer as wide a variety of activities. The business is very active on social media, primarily Facebook and Instagram, where it is able to target it’s specific customer demographic.

Reasons for selling:

The current owner is selling in order to focus other investment opportunities.

Trading 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

Employees:
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.

Other Information

Support & training:

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.

Furniture / Fixtures value:
$1,143,500 - included in the asking price