The company, based in California, is located on an 8-acre parcel offering indoor and outdoor attractions for the whole family. The owners built the park from the ground up and spent years studying what worked at other fun centers nationwide. The park contains an 8,000-square-foot arcade with more than 80 games. Prizes at the counter include electronics, 8-foot teddy bears, tandem bicycles and fidget spinners. Devoted fans are drawn to the laser tag arena, 36-hole miniature golf course, baseball and softball batting cages, and rock-climbing wall. They also love the food and ice cream available at a fast casual restaurant.
The company’s strongest source of revenue has always been the arcade. Accounting for more than 35 percent of overall profit, the arcade is still the number one profit center, followed by the Go Karts at 16 percent and miniature golf at 8 percent. The most popular attraction is the Go Karts, a chance for kids and pre-teens to race alongside parents and siblings in a safe, friendly raceway environment.
Hosting events is also a big part of what the company offers. The company has built a tremendous reputation as a great place for parties. It offers many party packages with food, desserts and service. It will soon be serving beer and wine. Even celebrities bring their families and friends to celebrate. Parents come by with their kids’ little league teams after a game to unwind.
- Strong management team operating independently of the owners
- Improving net profit margins from 1% to 13% over the past three years
- Located in strong, family-friendly submarket with household incomes above $130K
- History of community service involvement with the city, schools and local churches
- Sophisticated installed cameras and alarm systems, ensuring constant safety and absence of major crimes within the premises
- Many strategic partnerships established with local businesses including hotels
- Cross-trained staff members with diverse skillsets who’ve spent 10 to 20 years with the company and are very committed to what they do
- The owners see the the business growing over the next 30 years. With remodels underway, the company is working on a new theme by the end of summer
The owners plan to retire from the family entertainment industry after their company’s sale and are seeking to sell the business for $1,650,000.
|Years in Business||N/A||FF&E||$450,000|
|Employees||11 on Management team and 45 part-time, staff employees during the summer months of school breaks||Terms||Negotiable|
|Hours||Mon. – Fri. 2:00 PM – 10PM
Sat. 10:00 AM –11:00PM
Sun. 11:00 –10:00 PM
|Facilities||Leased – In 2006 the partners sold fee ownership in the property as a sale-leaseback transaction and signed a Ground Lease with the new owners. The agreement is based on leasing the parcel, which includes a large parking lot and access driveway.||Reason for Sale||Owners plan to retire from the family fun industry after the company’s sale|