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Recreational Facilities Concept

Powell, TN (Knox County)

Recreational Facilities Concept
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Asking Price: Get Financing: $599,000

Cash Flow: $50,000

Gross Revenue: $534,667

EBITDA: N/A

FF&E: $457,000

Inventory: $5,724

Lease Rate: N/A /SF

Established: 2014

Recreational Facilities Concept

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Business Description

Three-year-old growing recreational facility with lots of room to grow the existing concept and to bring in additional activities. 2015 financials show over 540/k in revenues with over 200/k increase projected for this past year 2016. Selling price offered presently at $599,000. Price is based on 2016 projected returns. 2015 produced over 50/k in cash flow with 2016 projected to show a big increase.
All growth to date has been paid from business profits. Initial FF&E cost over 457/k. Business has no present debt.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
50,000
Lease Expiration:
10/14/2019
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
50/k sq. ft. bldg. 20/k presently being used for recreation facility about 30/k available for expansion of existing concept or other additional recreational facilities. Rent is presently at $4.00 per sq. ft. with a .50 cent increase per sq. ft. next year. Assignment of lease or subletting with approval of landlord.
Competition:
One other similar concept in Knoxville, located on West side of town.
Growth & Expansion:
Owners have added additional recreational facilities each year and the additional space offers opportunity for continued growth.
Support & Training:
Owners will offer 28 days of training for transition of ownership.
Reason for Selling:
Other Business Responsibilities
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(from currently available funds)
 
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Darrel Sheley

Business Listed By:
Darrel Sheley

TNBusiness Brokers

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