Family Entertainment Center For Sale

www.GlobalBX.com

Listing ID: 700140459

Listing Title: Family Entertainment Center For Sale

Quick Link: http://www.globalbx.com/listing.asp?bId=140459

Industry: Entertainment and Leisure

Industry Segment: Other Entertainment and Leisure

Country: United States

State / Province: Illinois

Area

City: Williamson County

Asking Price Range: $500K - $1.0M

Gross Revenues: $550,000

Cash Flow: $35,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2009

Number of Employees: 6 - 9

Business Description:
Pirate Pete's Family Entertainment Center is based upon a cross between Chuck E Cheese and Dave & Busters. The goal is to appeal to a broad range of ages so the whole family can have fun. We have a laser tag arena, arcade games, party rooms, adult area with pool tables/darts and tv's. We also have a island themed eating area with a kitchen which currenlty has 3 pizza ovens, 2 fryers and lots of prep and storage area. The area is growing with a minor league baseball team nearby, a large university 15 miles away and a tourist destination being developed nearby to attract people to the area. The business is running and has a customer base. Reason for selling is too high of a debt load for operating costs. Perfect for buying as a self financed venture. As of this writing, anyone who buys the business would not assume the total debt load. Currently paying $8,000 a month in loans. Business is just shy of this number half the year. Current investors tired of putting in money to keep it open and wish to sell. Without debt load, new owner should see an average of $7,000 per month ROI. This is a $1.2 Million business, please call for asking price. Expected 7 - 8% annual ROI. Current owners don't have funds to keep business open during slow months when cash runs low. Email or call Matt at 618-997-4353



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