Listing Number: 60091-687605
Description
The Family Fun Center includes two movie theaters, 8 bowling lanes, arcade and a pizza restaurant. As a centerpiece in the community, it is the venue for bowling leagues, first run family movies and family outings. The location has been a well-established entertainment venue for many years. Currently, management and oversight are done remotely with occasional visits to the location. The staff and manager operate the center daily. Annual revenues fluctuate from year to year due to the popularity of new cinema film releases. However, there is a consistent revenue flow from the theater, bowling, arcade, and restaurant. Revenue has averaged $772k over the past 3 years, (fluctuates with movie popularity). Seller Discretionary Earnings, (SDE) has averaged $227k over the past three years.
This is an opportunity to own a business that is at the center of the community for entertainment. Real estate is included. It includes two lots totaling 1.99 Acres. Building Improvements Gross Sq. Ft. is 15,553 and the Main level is 14,850 SF.
Listing Details
- Price: $ 1,875,000
- Down Payment: $1,875,000
- Sellers Discretionary Earnings: $ 186,500
- Total Sales: $ 731,500
- Location: Wyoming
- Inventory: $ 20,000
- FF&E: $ 480,000
- Employees: 9
- Year Established: 2008
- Reason for Selling: Personal
- Category: Recreation
