Glitch Gaming - Virtual Reality/LAN/Party Center

Portage, MI (Kalamazoo County)

League of Legends at Glitch Gaming Lounge
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Asking Price: $99,000

Cash Flow: $45,000

Gross Revenue: $184,305

EBITDA: $45,000

FF&E: $40,000

Inventory: N/A

Rent: $3,660 /Month

Established: 2017

Glitch Gaming - Virtual Reality/LAN/Party Center

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Business Description

Trendy Video Game Lounge - TURN KEY - MUST SELL FAST - GREAT REP

Located in the heart of Portage, MI this trendy gaming lounge is the perfect hangout spot for video game enthusiasts of all ages! Glitch Gaming Lounge features a unique and cool atmosphere and has tons of potential for growth. The lounge is outfitted with Virtual Reality Stations, PC and Console Gaming, a HUGE Gaming Library for all systems, a Snack Bar, Website and Branding, and much more. We've established an awesome reputation within the first 2 years of operation. The potential is endless for this small business; all of the set up and administrative streamlining has already been done! This is the perfect turn-key operation for an eager entrepreneur that's interested in the next big thing to hit the entertainment industry. With the rising popularity of video games and booming eSports industry, this business is ideal for those looking to get in on the blossoming digital entertainment industry. Gaming Lounges are a HUGE hit overseas and across the United States and will only get more popular as time goes on.
We're located on a main road, right in front of Portage Central High School and near many residential neighborhoods, ensuring a constant stream of young people who are enthusiastic about video games! With proper marketing there is TONS of potential for educational partnerships with libraries and schools, tournaments and eSports events, leagues, clubs, birthday parties, family entertainment, equipment rental, hardware repairs, retail, and more! If left in the right hands, this unique business could easily be a successful staple in the Kalamazoo entertainment industry!
We're looking to sell this business FAST and will be liquidating at the beginning of September if we don't find a buyer. Act now and secure this unique start-up for yourself!

Detailed Information

Location:
Portage, MI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
21 Gaming PCs, Fast Internet, Security System (Cameras/Alarms/Reinforced Windows & Doors) 4 Virtual Reality Stations with Privacy Curtains, Enormous Game Library w/ over 500 Titles, Modern/Trendy Furniture and Lighting, Large Variety of Gaming Consoles, 7 Big Screen Tvs (outfitted with trendy LED Lighting), Snack Bar with Pizza Warmer, Dishwasher, Sink, Popcorn Machine, Convection Oven, Cabinets for Storage, Private Party Room, 2 vending machines, 1 full sized refrigerator, 1 full sized freezer, Receptionist Station w/ Clover Cash Register System,
Competition:
We are the only Gaming Lounge in Southwest Michigan. No 1 to 1 competition, but Airway Lanes Fun Center is about 5 miles away.
Growth & Expansion:
You can easily double/triple the revenue in the back half of the facility, as well as host tons of events and tournaments to add more revenue. New owners will easily be able to capitalize on the mounting popularity of eSports and online video game streaming becoming the new big thing. Virtual Reality technologies are only getting better and is a great entertainment option for families. Tons of potential for party and event rental as well. There aren't many Cons aside from limited space and constantly marketing to drive customer traffic.
Financing:
entrepreneur, moving to higher profit business. Need to get out of this.
Support & Training:
Can offer full training and support at the beginning. The arcade practically runs itself once the administrative team and employees are familiar with how everything works. VERY EASY TO RUN.
Reason for Selling:
Leaving to run family business of 25+ years
Business Website:
http://glitchgaming.io
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Business Listed By:
Waleed Gudah

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