Profitable Gaming Industry Trade School in PBC For Sale

Business description

Profitable Gaming Industry Trade School in Palm Beach County Look at the numbers!! This business has good cash flow, low overhead, and can be operated by only one-person. One of only two-licensed gaming trade schools in Florida. The current owner (30-years as a nationally recognized professional poker player and author of four-books on playing and dealing poker) will train you to operate this profitable business! Business owns all intellectual property which will be transferred to new owner including: school curriculums; syllabi; student catalogs; career manual; and digital video instructional/training library. These highly valuable materials could even be leased or franchised to earn additional income. Business has website and domain for promotion, advertising, and to attract students. Instructors are independent contractors who are licensed, employed professionals in the gaming industry. This business receives referrals for instruction directly from two major local employers. Owner is currently in negotiations with a major gaming industry player with operations in USA and Europe to provide instructional services to increase business. It recently passed the on-site review by the Florida Department of Education. Good upside potential, current revenues are being produced without advertising and promotion. The business is currently only open 10 a.m. to 3 p.m. Monday through Thursday (4-days per week). Additional revenue and profits could be generated with Friday and/or weekend hours. Business has recently added Blackjack dealer instruction and is poised to capture this growth market (Blackjack is currently being played at the HardRock Hotel and Casino in South Florida). Poker and gaming experience helpful but not necessary, new owner should have good business skills, enjoy selling, and have great enthusiasm for his or her students. Live your dream-- make money and have fun--all while helping others learn a valuable, very marketable trade!

Property information

Real Estate:

Lease

Lease terms:

Approximately 1,400 square feet in shopping center rent is $1,964 per month, lease expires on 05/31/09.

Location:

Facilities: Directly accessible to I-95 located on a major Palm Beach County highway. Strip center located with ample parking. The facility is well furnished with premium instructional equipment and in great condition.

Other information

Expansion potential:

The most difficult and risky (and most expensive) phase is complete, i.e. the start-up phase. Simplicity of the business model. This is one of only two licensed gaming trade schools in Florida. The barriers to entry are moderate considering the substantial resources needed to apply and secure approval for licensing. The current owner does not advertise or promote outside of website. Advertising and promotion would increase student numers and revenue dramatically. Business operates 20 hours per week to generate great financial performance. All employees are independent contractors who work as professional in the gaming industry.

Competition / Market:

The future of poker couldn’t be brighter. Home games are more popular than ever as evidenced from record poker chip sales, casino poker rooms are packed with players, new rooms are being added weekly and Internet casinos have introduced the game to millions. Poker has become prime time entertainment with poker related shows offered daily on television. This in-turn will continue to generate demand for certified and qualified individuals with formal education and skills in the industry.

Support & training:

Seller will train 4 weeks at no cost to new owner.

Reasons for selling:

Owner Relocating Out of State

Trading hours:

10 a.m. to 3 p.m. Monday through Thursday

Furniture / Fixtures value:

$23,306 (included in the asking price)