Escapology Covington Escape Rooms

Covington, LA (Saint Tammany County)

Storefront
Contact Seller

Asking Price: $399,000

Cash Flow: $129,822

Gross Revenue: $461,306

EBITDA: $129,822

FF&E: $194,511

Inventory: $300

Rent: $5,866 /Month

Established: 2016

Escapology Covington Escape Rooms

Save Print Share Valuation Report

Business Description

An award-winning Escape Room Franchise!

An Escape Room is a real life physical adventure game in which players solve a series of puzzles and riddles using clues, hints and strategy to complete the objectives at hand. Players are given a set of time limit to unveil the plot which is hidden within the rooms. This franchised location is in Covington, Louisiana. A very fast-growing entertainment business. Our franchise agreement also includes the New Orleans market for future expansion. This is a great business for Parties, Corporate Team Building and Family Entertainment. Currently we have 4 real life escape missions/games up and running (floor plan is downloadable as an attachment in this ad). Game Rooms 5 & 6 have been combined and are now one big room for future expansion. They have not been built out and can be used for corporate parties if desired or built out for 1 or 2 additional games. Currently we host 2 - 8 participants at a time in each mission. This is a turn key operation. Current lease expires 12/2019 with option to renew for 3 years. Under attachments is our NDA that we request you download, sign and send to covsales@funolio.com if you would like the P&L Statement. For additional information, you can contact us at covsales@funolio.com or call Steven Palmisano at (985) 249-9029.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,519
Lease Expiration:
12/1/2019
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Everything necessary to run the rooms are included with the purchase. Also included are extra props, repair materials, instructions and everything to continue running the business. Items that are not included are Virtual Reality Gear not part of sale currently located in room 5/6, nor the Virtual Reality Video game(s) that are owned by the software company that licenses them. Leased location located next to Buffalo Wild Wings in Pinnacle Nord du Lac Shopping Center, right off I-12.
Competition:
None nearby
Growth & Expansion:
Our rooms can be changed out as needed or continued as they are. There is a large room (22.5 x 25.5) for additional expansion and/or party or corporate parties.
Financing:
Buyers responsibility, no owner financing.
Support & Training:
Some of the props are electronically controlled. We will provide technical support as needed for a predetermined amount of time for free along with initial training of day to day operations.
Reason for Selling:
Purchased to run with my son. Son is moving on, don’t want to manage it myself.
Franchise:
This business is an established franchise
Business Website:
http://www.escapology.com/en/covington-la/
Contact Seller

Business Location


Contact the Seller

Contact Seller Loading

Business Listed By:
Steven Palmisano or Chris Attkins

Show Phone Number

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1592260 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Eat The Frog Fitness

Franchise Opportunity
Capital Required: $500,000