Seneca Bowl For Sale Including Real Estate

Listing Number: 8953-249521

Description

Seneca Bowl is a well-kept, traditional 36-lane bowling facility located in the growing city of Wichita, Kansas. The 32,122 square foot building was constructed in 1960 with block construction and sits on a large 133,000 square foot lot (just over 3 acres) with more than ample parking.

The center is equipped with 36 lanes of fully functional bowling equipment including Brunswick synthetic lanes, ball returns & masking units as well as Qubica scoring system & automatic bumpers. The pinsetters are Brunswick A with Zot conversion & are in top shape.

Seneca Bowl boasts other amenities that offer a complete bowling entertainment experience including a large lounge/restaurant that seats up to 80 customers, a snack bar, a sizable & profitable pro shop, an extra party room and a small arcade with 10+ units.

Revenues have been relatively steady in the $1,200,000-$1,300,000 range over the past three years due in large part to a robust league schedule, consistent open play & various special event/weekend offerings. Sales suffered a minor decline after a record 2015-2016 fiscal year, however they have recovered since then with cash flow approximately $300,000 annually. Pricing is slightly below the current market and presents one of many opportunities to increase revenues in the future.

While competition is prevalent throughout the Wichita market, the demographics show that the surrounding area has more than enough population with desirable disposable income to support an optimistic growth forecast with the right management team in place for the foreseeable future.

Seneca Lanes, including the building, equipment & real estate, is available as an asset sale for purchase for $2,200,000.

Listing Details

  • Price: $2,200,000
  • Down Payment: $2,200,000
  • Sellers Discretionary Earnings: $300,000
  • Total Sales: $1,250,000
  • Location: Sedgwick County, Kansas

  • Inventory: $0
  • FF&E: $0
  • Employees:
  • Year Established: 1960
  • Reason for Selling: retirement
  • Category: Recreation
Seneca Bowl For Sale Including Real Estate

Business Listed By:

Todd Bailey