Highly profitable, turn-key Family Fun Center in a rapidly growing family fitness and fun industry with management in place including a well-trained general manager. Located in a prime area of North LA County. This complex is a flagship location and is highly customized / upgraded and built out with capacity for growth and the ability to add other services, venues or games including workout sessions for adults and kids. Cost to duplicate today would be over $1.7M+ and take a tremendous amount of time to obtain permits and build out the facility if you could find a location, as per the seller. This facility is considered one the most well-groomed and well-designed family fun centers in the nation. A large inventory of furniture, fixtures and equipment is included in the purchase price. Pride of ownership is evident as you enter the facility, and clearly benefits the bottom line. A favorable new, long-term lease is in place for 10 years with (1) 5 year option.
Long term, trained employees are in place including a well trained General Manager and other management positions (managers and assistant managers). The current owners are quasi “absentee” and NOT actively working in the day to day operations of the business. The ownership is made up of 4 owners who are looking to dissolve this partnership entity for reasons the seller will discuss. A favorable franchise agreement is in place that Seller will discuss further.
These family fitness and sports complexes offer access via membership as well as a drop-in basis. There are free-play, organized sports and exercise classes to choose from, as well as events such as birthday parties and corporate team-building days in well-designed rooms within the facility. Significant additional revenue streams are gained from arcade and food concessions. The 30,000sf + facility has room to add additional venues. Marketing tools are in place including Interactive website, Mobile Apps, Social Media. In addition, promotional marketing such as Themed Party Nights, Coupons and Newsletters keep the momentum going. Some of these marketing items were not in place for a good portion of 2017 for reasons the seller will discuss. Seller will also discuss other potential marketing campaigns and services that could increase revenue. 2016 gross revenue of $2,082,554 and cash flow of $537,447 is based on the tax return and only a limited amount of add-backs. 2017 gross revenue of $2,077,096 and cash flow of $463,050 is based on P&L’s. The GM was out for a good portion of 2017 which the seller will explain. Overall, excellent books and records, GM is now back full time and a formal marketing plan is in place. This business has been approved for SBA finance subject to a qualified buyer. Seller may assist buyer with seller finance as part of a SBA loan. This is a unique opportunity to purchase a highly improved, turn-key operation with management in place and room for growth in an excellent location with a long term lease.
Please note, this is a highly confidential matter and no additional information will be provided unless buyer has signed a confidentiality agreement, provided a buyer profile or resume and proof of funds or financial ability to purchase the business. Please click on the Contact Seller or reply button above or e-mail your contact information to email@example.com or call Matt Coletta at (818) 999-9621 to learn more about this unique opportunity.