Family Oriented Entertainment Complex In Wyoming For Sale

Business description

This is a fun – family oriented entertainment complex located in Wyoming. This complex features an eight-lane bowling alley, arcade games including air hockey, pinball, and others, a restaurant, and most recently a new two-screen theater complex with seating for 200 guests. The movie theater just opened in September of 2011 and the revenues have more than tripled since that time.

It is assumed that this area is nearing a big growth spurt which should cause real estate values to increase substantially. New economic development is coming to town which will increase not only tourism but will increase the number of permanent residents in the area.

There is no competition for about 70 miles. This is the only entertainment complex in a seventy mile radius. The complex is open Monday through Saturday and provides different specials all week long.

Property information

Real Estate:

Lease

Premises details:

The facility sits on a three-plus acre tract. The building includes a 100 square foot office, 300 square foot kitchen, ample dining areas, and ample storage areas as well as the bowling lanes and theater. The real estate is available for sale as well. It has been recently appraised for $2,265,000 and this includes all permanently-fixed equipment. The current loan on the real estate is thought to be assumable. A new qualified owner will be able to get a new lease from the owner if he/she chooses not to purchase the real estate.

Other information

Expansion potential:

This business has a great future potential. There is plenty of room available on the grounds to add two additional theaters. One of the additional theaters could be a 3-D theater. One could also add other higher-profit games such as laser-tag and X-games. A new owner could choose to be open on Sunday’s which has a potential revenue increase of about ten to fourteen percent. A new owner could also choose to add liquor sales. There have been many requests for the same but the current owners have chosen not to pursue that at the moment, but have the permits ready and in order to proceed. Multi-million dollar economic development projects are heading into the area which will bring additional revenues due to the increase in people living in the area, additional tourists, and from construction workers who would be living in the area until completion of the projects.

Support & training:

Negotiable as required by Purchaser.

Reasons for selling:

Retirement

Trading hours:

Mon – Thur. 10 am to 10 am, Fri and Sat 10 am till Midnight

Financing available:

Cash preferred but will consider some owner financing to a qualified purchaser..

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