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Indoor Therapeutic Entertainment Franchise - Amazing Growth Potential and Absentee Owned!
Northern Nevada Indoor Therapeutic Entertainment Franchise - Amazing Growth Potential and Absentee Owned! - SC2263
This Northern Nevada based Indoor Therapeutic Entertainment Business is a Nevada Limited Liability Company that has been in operation for the last almost 2 years. They offer a variety of indoor entertainment options that provide the perfect place to release tension as an individual or as a destination for groups and team building activities. These facilities provide a safe environment to release stress, have fun and enjoy a time out with friends, co-workers or family members! This is an absentee owned business. They currently have over 1,700 Google reviews with an average rating of 5 stars!
This business currently markets through its website and social media platforms. They also have a strong “word of mouth” following as well. They are also using SMS campaigns to help with growth. They have only been in operations for under 2 years, and they are growing quickly and are in a highly desirable location. The current business model is more family friendly forward, and so they do not serve alcohol at the location. There is an opportunity to add alcohol to current business that could offer significant upside opportunity through alcohol sales (already implemented successfully at other franchise location), which can materially increase revenue and margins.
Financial Information
- $445,000 Asking Price
- On request Cash Flow
- $500,000 Gross Revenue
- $374,000 Down Payment
- Yes Financing
- On requestAdjusted EBITDA
Business Location
- City: Northern Nevada
- State: Nevada
Financing Comments
- Seller financing may be available for up to 25% of the purchase price at 8% interest over 4 years. The actual amount offered for Seller financing will be dependent on offered purchase price and quality of the Buyer.
Reason for Sale
- The reason for selling is Seller has a full-time role and does not have time to focus on the business.
Detailed information
- Year Established: 2024
- Home Based: No
- Franchise: Yes
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 2
- Part-Time Employees: 2
- Contractors: N/A
- Owner Worked Hours/w: 5
- Inventory Included: No
- Inventory Value: N/A
- Monthly Rent: $11,338
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Building Size: 6637
- FF&E Included?: Yes
- FF&E Value: $85,000
Training/Support
- Seller is willing to provide training at 20 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller. There will also be training and support provided from the Franchisor.
Facilities
- This business operates out of a newly refurbished 6,637 square foot space with base rent of $11,338 and monthly CAM charges of $5,432. Almost $1M was spent on the buildout and tenant improvements in the space. With the larger facility, then can accommodate large groups and corporate events (200+ capacity), providing strong potential for private events and high-margin bookings.
Market Outlook/Competition
- This is a franchise model, and they were the 4th location in the United States and they have exclusive rights in a 20-mile radius. Today, there are over 100 locations signed up across the United States and 10 locations up and running, so this is a fast-growing franchise.
Listed By: Myrtel Lapuz
Background information
Year established:
2024
Reason selling:
The reason for selling is Seller has a full-time role and does not have time to focus on the business.
Finance
Sales:
$500,000
Operations
Employees:
Full-Time Employees: 2 Part-Time Employees: 2 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $85,000
Inventory:
Inventory Included: No
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $85,000
Premises
Facility:
This business operates out of a newly refurbished 6,637 square foot space with base rent of $11,338 and monthly CAM charges of $5,432. Almost $1M was spent on the buildout and tenant improvements in the space. With the larger facility, then can accommodate large groups and corporate events (200+ capacity), providing strong potential for private events and high-margin bookings.
Square footage:
6,637
Rent and lease terms:
base rent of $11,338 and monthly CAM charges of $5,432.
Opportunities
Market:
This is a franchise model, and they were the 4th location in the United States and they have exclusive rights in a 20-mile radius. Today, there are over 100 locations signed up across the United States and 10 locations up and running, so this is a fast-growing franchise.
Price and terms
Price:
$445,000
Down payment:
$374,000
Financing:
Seller financing may be available for up to 25% of the purchase price at 8% interest over 4 years. The actual amount offered for Seller financing will be dependent on offered purchase price and quality of the Buyer.
Training:
Seller is willing to provide training at 20 hours per week for 2 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller. There will also be training and support provided from the Franchisor.