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Businesses For Sale   >>   Casinos Businesses For Sale

Video Poker Truck Stop Casino's (3 Of 3)

Location  Louisiana,United States
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $4200000
Net Profit / Cash Flow  $544570
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2001
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned
Training  Available
Reason for Sale  Other Business Interests

Description  
This is one of three video poker truck stop casino businesses for sale along with a convenience store, being sold preferably as a package of all four businesses. The three truck stop casino's are geographically near each other that allows for ease of unified ownership and management. Each of the truck stop casinos is a separate LLC and are owned by the same interests. The seller has the real estate in separate entities. The real estate can be included in the sale or possibly a lease or lease purchase. Because of the large fluctuation of fuel inventories and the cost of the fuel, the inventory of the truck stops is not included in the asking price and must be negotiated separately. The total sales for the package of 4 locations are around $17 million and the seller discretionary cash flow is around $1.75 million. Any potential buyer of the casino businesses for sale must be able to pass the mandated Louisiana State Police background check. Some of the disqualifiers are: felony conviction of buyer or any member of immediate family, bankruptcy, poor credit, inability to prove source of funds used to purchase, ties to known criminal elements, and much more. Sellers are motivated to sell. They will thoroughly train the new owners and work with the new owner to get them through the process of getting a gaming license. Sellers will consider some seller financing for a qualified buyer with a substantive down payment. Video poker truck stop casinos rarely come on the market because of their profitability. When they do, they don't last long. Act Fast! Come see, meet the owners and make an offer.


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