Entertainment Complex for Sale

Business description

This is a very unique business. For you, it’s an opportunity to take over one of the most complete “Family Entertainment Centers” in the Country. It includes:
10 Remodeled Movie Theatres that show first run movies with new stadium seating, paint and carpeting. There is a concession area, huge game room, Sports Bar with 4 giant digital projection systems, 32 TV’s, billiards, darts and other games. Other features include a Comedy Club that showcases top nationally recognized touring comedians, Miniature Golf,
Race Cars, Batting Cages, and a Studio Cafe for great quick meals before or after a movie.

If you have the marketing and sales skills to reach the fun and entertainment consumer, this may be the perfect opportunity for you. It’s a very unique business and an opportunity that you will likely never see again. *Sales figures and cash flow are Sellers projections for 2008 based on pre-renovation historical attendance.

Property information

Real Estate:

Lease

Other information

Expansion potential:

During the last 6 months the current owner has been hampered by all the construction / renovation of the theatres. He has not done the marketing and promotion to grow the business and to get the word out that the renovations are now complete. This is a great opportunity for a new owner to grow the movie attendance which will automatically grow the income from all the other venues at the complex. It is reasonable to project 200,000+ movie tickets sold per year.

Competition / Market:

There is no competition that offers what this complex offers. Competition comes mostly from stand alone single venue companies for miniature golf or game rooms or movies or bars/restaurants. The comedy club has no local competition.

Support & training:

As needed for smooth transition. Solid management in place will likely stay for new owner.

Reasons for selling:

Owner is also a real estate developer with other business interests to pursue.

Financing available:

Possible for the right buyer.

Furniture / Fixtures value:

$438,000 (included in the asking price)