This profitable entertainment industry and food/beverage business has demonstrated consistent revenue and earnings growth and has considerable upside potential remaining.
Located in a major midwestern metropolitan area, this arena and exhibition center venue hosts a variety of events including minor league professional sports, family shows, concerts, outdoor events, boxing and mixed martial arts, tradeshows, conventions, and private parties of all types; resulting in annual patronage of over 200,000 people.
The hospitality side of the business includes everything from typical event concessions to full gourmet catering of food and beverage. The business has a full kitchen, professional culinary and bartending staff and holds a Class C liquor license.
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124,000 sq. ft. - The arena hosts a variety of events and has capacity of up to 8,000 people.
Investment highlights include: • An experienced and competent management team allows for semi-passive ownership • Significant capacity for creation of additional events and space utilization • Substantial recurring revenue associated with a highly satisfied client base • Financial performance consistently trending upward • Option to purchase arena or enter into a long-term lease with an option to buy
Ownership willing to provide reasonable and customary transition assistance.