Established since 2016, this is a highly profitable family entertainment business in one of the busiest areas in Las Vegas. The entertainment concept is unique and highly popular. Approximately 84% of revenues come from admission fees, 11% come from beverage sales, and 5% come from mobile events and merchandise sales. There is 1 full-time manager and 10-14 part-time employees including a maintenance associate and bookkeeper. The owner works on average 27 to 28 hours a week; some of it on-site and some of it off-site. The owner’s job duties include paying bills, placing ads, approving staff schedule, running payroll, and advising / guiding staff. The owner started the business from scratch and it is now time to move on to a new challenge. This is an exciting opportunity to take over a fun and highly profitable business and grow it to the next level.
- Asking Price:
- $985,000 Furniture / Fixtures included
- Sales Revenue:
- $1,233,410
- Cash Flow:
- $536,491
Property Information
- Real Estate:
-
Lease
- Location:
-
The business is located in a prime location in Las Vegas with millions of visitors annually. The leased premise is 2,221 square feet. The is a large signage as well as neon signage. The business is open seven days a week.
Business Operation
- Expansion Potential:
-
The owner has not been on-site as much in recent years. For example, the owner might spend 25 hours a week working from home and 2-3 hours a week on-site. This is a business that needs some TLC and an on-site owner who is there to make sure the staff are optimizing sales. There are opportunities to grow the business that the current owner has not had the drive to pursue. A new owner with fresh energy could dial things in and pursue opportunities to grow the business.
- Competition / Market:
-
As the first business of its kind to open in Las Vegas, this business has a great reputation and lots of five-star reviews online. The location is superb with lots of foot traffic. The business also offers unique options its competitors do not.
- Reasons for selling:
-
The owner wishes to move on to a new challenge.
- Employees:
- 1 FT, 10 to 14 PT
- Years established:
- 8
Other Information
- Support & training:
-
The seller is willing to train. Details negotiable.
- Financing available:
-
Cash at closing. Seller will not consider seller financing. Broker can assist buyer with bank financing.
- Furniture / Fixtures value:
- $63,825 - included in the asking price
- Inventory / Stock value:
- $10,055
