MergerPlace

18-Hole Mini Golf & Ice Cream Business

Alton Bay, New Hampshire


  • Asking Price: $499,000
  • Gross Income: $83,189
  • Cash Flow: $35,095
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #211163
  • Established: Not Disclosed
  • Employees:

Business Description

Great opportunity to own and operate two seasonal businesses with additional year round rental income, in one of the most desirable lake front communities. The property has two apartments and two commercial spaces which are fully leased, and an ice cream shop and 18-hole miniature golf course. The miniature golf course and ice cream shop were built in 2008 and is one of the most desirable small “fun centers” on the lake.


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: New Hampshire
Metropolitan Area: Alton Bay

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $499,000
Gross Revenue: $83,189
Cash Flow: $35,095
EBITDA: $35,095
Seller Financing Available: No

Property Information

Facilities:

The building and businesses are located on 0.46 acres of prime real estate directly across the street from Lake Winnipesaukee. The building has 3608 SF living area to include: Mini Golf/Ice Cream inside area; 839 SF commercial space (US Post Office); 300 SF+/- small second store (Paddle Board shop); a 2 BR apartment and a 1 BR apartment. The18-hole Mini Golf course was built in 2008, along with a 120 SF Gazebo. There are 16 designated parking spaces with plenty of additional public parking nearby.

Growth & expansion opportunities:

Management company & Seller has done little marketing; an increase in spending to create awareness with tourists could yield significant results. Prior to Management company running it, the Seller has been absent allowing employees to run the business; an owner operator could save on staffing and create a face for the business. Residential tenants are leasing at below current market rates.

Competition:

There is one other smaller miniature golf course nearby and a few ice cream shops.

Reason for selling:

Distance from his home

Support & Training:

Seller is willing to stay on to assist in support and training

Contact Business Seller

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Business Listed By:

Hank Beresin

First Street Business Brokers