MergerPlace

Kids' Indoor Play & Party Business

New York


  • Asking Price: $338,000
  • Gross Income: $404,000
  • Cash Flow: $138,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $340,000
  • Listing ID: #202558
  • Established: 5
  • Employees: 1 FT / 3 PT

Business Description

Great opportunity to buy a highly profitable kids’ indoor play and party place. The facility was designed and built for this business. The facility is sparkling, equipment is in perfect shape and the whole area looks like new!

Multiple revenue streams: open play, birthday parties, facility rentals, field trips and food & beverages for kids and adults.

The business model is designed to make money: very low personnel costs, easy to run and low cost to maintain, great lease with attractive price and terms, custom built new facility and play equipment.

Customers love coming to play: high level of returning customers, outstanding reviews and ratings on Facebook, Google, Yelp and TripAdvisor.

The owners invested roughly over $400,000 in the facility upgrades, the kitchen capabilities and the play equipment, which is well above the asking price for the business.


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: New York

Company Information

Year Established: 5
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT / 3 PT

Financial Information

Asking Price: $338,000
Gross Revenue: $404,000
Cash Flow: $138,000
FF&E: $340,000
Seller Financing Available: Yes

Property Information

Facilities:

The building was custom built for the lessee to house the business. The facility is in pristine condition and is kept very clean. The entire interior was designed so that it could be cleaned easily, to insure that the customers were comfortable with the level of hygiene. There is room to expand within the existing footprint. There is ample parking. The landlord is very reasonable to work with. The lease is very flexible based on having multiple three-year options to renew the lease. Base rent is $8,600/month. The tenant is responsible for all utility costs ($1,400/Mo. Avg.). Lessor pays the taxes. Total rent-related expense was just over $100K in the past fiscal year.

Growth & expansion opportunities:

~Well differentiated vs. the competition through a unique offering in open play, quality food/beverages and birthday parties ~Designed to make money—every aspect of the design is lean and efficient. ~High percentage of customers return to patronize the facility after their first visit. ~Facility is easy to operate with low headcount, and is very clean and well organized. ~Good customer service and cost effective marketing ~Room to expand within the existing space

Competition:

The growth and success of this business speaks to its ability to effectively compete with other businesses providing comparable services.

Reason for selling:

Relocation out of state

Support & Training:

The seller is offering two weeks of training. Additional training may be negotiable.

Contact Business Seller

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Business Listed By:

Earle Ingalls

Klassen Ingalls