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SIC 7996. Family Entertainment Center for Sale. Growing Market.

Beaufort, South Carolina (Beaufort County)

Services - Amusement & Recreation | Services - Other Miscellaneous services

Asking Price $500,000 Inventory n. a** 
Gross Income $641,494 Real Estate For sale or lease** 
Cash Flow $250,000 Year Established 2003
FF&E $1,455,778* Employees 30 (full, part)

* included in the asking price

** not included in the asking price

This Family Entertainment Center, with amusements for children and adults, includes ten outdoor activities, an indoor arcade with fifty games, and a food service facility and gift shop. The most popular outdoor amusements include miniature golf, go-karts, paintball, a water slide and batting cages. Located on a major traffic artery in the fastest growing county in its state, it serves a market area of 150,000 people and has no direct competition for the family entertainment dollar. During its relatively brief existence, it has experienced substantial growth. The owners have made a major investment in leasehold improvements and equipment, which they are selling at almost a fifty percent discount from estimated fair market value. The company employs as many as thirty people, full and part time, the number varying by season.

Facilities: All assets, except the land and building, are included in the purchase price. Their estimated fair market value is $1,455,778, including FF & E and Leasehold Improvements. The park sits on twelve acres of land and includes a 4,990 sq. ft. building, available for lease or sale.

Competition: This is the only Family Entertainment Center within 40 miles. It is located on a major traffic artery in the fastest growing county in its state, near the area's principal shopping center.

Growth/Expansion: The major avenue for growth would be to increase revenue through increased promotional activity in the immediate market area and throughout its 150,000 person market.

Financing: Conventional financing available

Support/Training: Three months with no compensation.

Reason Selling: Owners wish to pursue another career.

AD # 272026

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