Listing Number: 13485-420354
Description
Located in Eastern NC, this fun pirate-themed, 10,000 sq ft children’s party and play space was opened in May 2023 and has already been voted in the top 5 best places to go for family entertainment in 3 surrounding towns. It is outfitted with a bouncy house space, toddler area, sensory room, arcade games, snack bar and 3 party rooms as well as lots of comfortable places for parents to relax. Sale also includes 3 vans for transporting kids for afterschool programs. This business currently has 5 different revenue streams, but is setup for two additional large revenue streams including 3-hour drop-in childcare service and summer camps.
There is very little competition in the area for this high-demand children's recreation and camp space. This business started turning a profit in the first 60 days. Owner has done a wonderful job building a beautiful space and business is ready to take off with the right owners. The owner invested $342,000 to outfit the business (FF&E and leasehold improvements) but did so with all cash, so the business is debt free. A proforma valuation values this business at the end of 2024 conservatively at over $700k but is priced to sell at only $300,000. Owner has another business that she wants to focus on, presenting a great deal for a motivated buyer. After the first year, the new owner could hire a strong manager and run the business semi or wholly absentee. Seller will provide up to 40% seller financing for a qualified buyer.
Financials are 2024 proforma and based on 6 months of actuals, and are available once NDA is signed. See the link below for the owner's video walk through of the entire space.
https://youtu.be/avSLVtzN-jY
Listing Details
- Price: $ 300,000
- Down Payment: $60,000
- Sellers Discretionary Earnings: $ 241,496
- Total Sales: $ 427,989
- Location: North Carolina
- Inventory: $ 0
- FF&E: $ 177,165
- Employees: 8
- Year Established: 2023
- Reason for Selling: Reinvest in another business venture
- Category: Recreation
