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Rapidly Expanding Room Escape Business
Location: United States -> Georgia -> Duluth
Industry: Entertainment and Leisure > Other Entertainment and Leisure




Business Summary

RAPIDLY EXPANDING ROOM ESCAPE BUSINESS SEEKING INVESTOR FOR EQUITY PERCENTAGE = INCREDIBLE ROI!

This business offers thrill-seekers of all ages the chance to be a real-life detective. Those up for the fun can make group reservations online to be placed in a themed room for 45 minutes, where they must find clues, solve puzzles, and decipher hidden codes to escape.

In 2014, when the business was established, it took on investors to fund the first 8 locations. The first Room was opened in July 2014. With proof of concept confirmed, another 4 more locations opened by the end of 2015. We are on pace to have a total of 50 or more locations opened by the end of 2017.

We are currently opening new locations at a rapid pace. We are working with multiple Mall Owner/Management groups, which collectively own/manage over 300 malls. We have a very strong relationship with these companies and they offer us tremendous opportunities. The location of each Room will be evaluated with many factors under consideration. Some of the factors are but not limited to: location of mall, mall demographics, mall traffic, surrounding area of mall, size of space, lease rate, build out cost and other businesses in mall.

We intend to open 40 to 50 new locations in 2017 and another 50 to 70 for 2018

GROWTH is the major key here!
We would like to open between 24 & 36 new locations in 2017 and the same for 2018. Our goal is to have 75 locations opened by the end of 2018. Our Mall partners are providing up to 100k for the build out of each location that the business owner NEVER has to pay back.

Competition
We are dominant in this space!

Currently, the business has 8 active full-time corporate employees including the business owner and his wife. The business also has 13 active full-time and 65 active part-time employees who make up the staff and management teams of the 14 current locations. The staff and management teams are in place to help successfully manage operations. Key staff


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   $2,790,100
Cash Flow Type:  EBITDA
Inventory:  $95,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2014
Number of Employees:  50 - 99
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Currently, the business has 3 active full-time corporate employees including the business owner and his wife. The business also has 9 active full-time and 40 active part-time employees who make up the staff and management teams of the 14 current locations. The staff and management teams are in place to help a new owner successfully manage the trans
Reason For Selling:  Business is growing rapidly good timing!!

Photos

View Larger Photo(s) Of Business
Rapidly Expanding Room Escape Business Photo 1




Print Listing Id: 700271201
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Related Searches: Amusement Parks  >  Art Galleries and Museums  >  Billiards and Bowling  >  Casinos  >  Movie Theaters  >  Other Entertainment and Leisure  > 

Also See: Franchise Opportunities > Franchise Resales > Georgia Businesses For Sale > Georgia Franchises For Sale > Georgia Business Brokers



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