Listing Number: 76931-441247
Indoor playground located in West Houston (Katy Area) with excellent growth potential. The business has been located in a prime strip center for the past 3.5 years (established in 2018). The current owner has upgraded all POS systems to allow online reservations for parties and open play, which allows easy traffic tracking for moms who are afraid of overcrowding as a result of COVID.
The playground has excellent reviews and is among the highest compared to competitors in the Katy area. In addition, the business has a significant following base on Facebook with more than 4k subscribers along with an average of 4.3-star review on Google (238 entries). This facility offers attractions for kids up to 7 years old and has three rooms to host birthday parties and events. The owner has invested approximately $300,000 in the playground, which enables him to offer food, mascots, and fully decorated parties.
Pre-COVID operations provided revenues (2019) of ~$328,000 with an SDE of ~$75,949. This is a semi-absentee-run business with tenured staff in place. Due to COVID-19, the owner has reduced headcount. During this past 2021 summer, the business hit record-high figures, exceeding any pre-COVID revenues. Seller's focus has been on other business interests since the start of the pandemic, therefore, a significant opportunity exists for someone who can focus on growing the business further. This sale offers an incredible growth opportunity in an almost new playground facility with a zero down payment and very attractive EIDL Loan terms (30 years and interest rate of 3.25%). Moreover, the owner has hired a leasing consultant who has started negotiations with the landlord on new/updated lease terms, which aim to reduce the current rent.
- Price: $ 143,000
- Down Payment: --
- Sellers Discretionary Earnings: $ 75,949
- Total Sales: $ 328,929
- Location: Fort Bend County, Texas
- Inventory: $ 5,000
- FF&E: $ 250,000
- Employees: 5
- Year Established: 2017
- Reason for Selling: Personal Reasons
- Category: Recreation