MergerPlace

Profitable Entertainment Business

Michigan


  • Asking Price: $1,200,000
  • Gross Income: $2,900,000
  • Cash Flow: $320,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #209444
  • Established: 1996
  • Employees:

Business Description

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.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency.
You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please email info@caldergr.com and request a PDF version.
Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you. The owner’s contact information will be provided in the CBR. They will be happy to correspond and answer your questions directly. Thank you for your time!


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: Michigan

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $1,200,000
Gross Revenue: $2,900,000
Cash Flow: $320,000
EBITDA: $362,000
Seller Financing Available: Yes

Property Information

Facilities:

124,000 sq. ft. - The arena hosts a variety of events and has capacity of up to 8,000 people.

Competition:

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

Reason for selling:

Retirement

Support & Training:

Ownership willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Matt Baas

Calder Capital, LLC