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Businesses For Sale   >>   Other Entertainment and Leisure Businesses For Sale

Family Entertainment Center For Sale

Location  Illinois,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $550000
Net Profit / Cash Flow  $35000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2009
Number of Employees  6 - 9
Inventory  450000
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased

Description  
Pirate Pete's Family Entertainment Center is based upon a cross between Chuck E Cheese and Dave & Busters. The goal is to appeal to a broad range of ages so the whole family can have fun. We have a laser tag arena, arcade games, party rooms, adult area with pool tables/darts and tv's. We also have a island themed eating area with a kitchen which currenlty has 3 pizza ovens, 2 fryers and lots of prep and storage area. The area is growing with a minor league baseball team nearby, a large university 15 miles away and a tourist destination being developed nearby to attract people to the area. The business is running and has a customer base. Reason for selling is too high of a debt load for operating costs. Perfect for buying as a self financed venture. As of this writing, anyone who buys the business would not assume the total debt load. Currently paying $8,000 a month in loans. Business is just shy of this number half the year. Current investors tired of putting in money to keep it open and wish to sell. Without debt load, new owner should see an average of $7,000 per month ROI. This is a $1.2 Million business, please call for asking price. Expected 7 - 8% annual ROI. Current owners don't have funds to keep business open during slow months when cash runs low. Email or call Matt at 618-997-4353


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