Tourist Attraction

Salem, MA (Essex County)

Tourist Attraction
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Asking Price: Get Financing: $250,000

Cash Flow: $60,000

Gross Revenue: $150,000

EBITDA: $60,000

FF&E: N/A

Inventory: N/A

Lease Rate: $3,182 /Month

Established: 2008

Tourist Attraction

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Business Description

Tourist Attraction with much room for growth.

This is a seasonal (May thru October) turn key business with the basic theme of "there is much room for growth." It is a great business as you are selling an experience over and over again. Salem Time Machine currently has three sources of revenue, all of which there is much room for growth. There is an inside walking tour of Old Historic Salem during the summer, Haunted House during October as well as an outside walking tour during the summer thru October. Other sources of income we have not tapped into are retail sales, online sales and group sales/tours. This is a great business just waiting for the right person or people to take the reins!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,121
Lease Expiration:
12/31/2022
Employees:
10
Facilities:
Salem Time Machine is located in the heart of the tourist section of down town Salem, across from the Salem Visitor Center, one of the main parking garage's and next to the Peabody Essex Museum (PEM). STM is a turn key business including props, website, everything... Too much to list.
Competition:
Growing market over the last 10 years as Halloween gets more popular, Salem attracts more and more tourists every year and only a couple of new tourist attractions have been started.
Growth & Expansion:
Pros: Easy growth without much work. Cons: Constrained by customer put-thru/hour.
Support & Training:
We will train the buyer.
Reason for Selling:
Retiring
Business Website:
http://salemtimemachine.com
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Business Location


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Business Listed By:
Mark Van Dell

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