This is a longstanding business with loyal clientele
Long established, super-sized bowling and family entertainment center offers steady cash flow from a consistent and loyal customer base. The owner of the business owns the underlying real estate as well, and would like to sell both the the business and the underlying real estate together. The package is offered at $3mm. The business cash flows at $265k (2019 numbers) and is offered at $1mm. The real estate earns $180k/year in rent and is offered at $2mm. The business and the real estate are owned in separate entities, both owned by the seller. The business was closed in the spring of 2020 for 2 months because of COVID. Business results for 2020 year-to-date through September are down 20% vs the same period in 2019.