Indoor Playground

Indoor Playground

Available

$199,000.00

  • kid's play ground
  • kid's play ground3
  • kid's play ground4

Listing Number :

 6297

Status :

Available

Price :

$199000

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Area

2600

Description

Profitable & upscale Kids’ indoor playground. prime location in the La Crescenta, Montrose, La Canada Flintridge area. Great opportunity to own a profitable, modern, turnkey indoor kids playground centrally located in a well anchored shopping center. Rent is $8,700/m including NNN for 2,600 sq.ft of space plus a bonus outdoor patio area. 7 years remaining on existing lease plus 1 x 5 years option. This business has become increasingly profitable and has opportunity to grow revenue’s through weekday programs, promotions and catering. Party packages range from $800-$3,000 per party! Seller claims his Gross Annual Sale is about $336,000. he also claims his Net Income is about $80,000 a year. Owner is selling due to other business opportunities. # 6297

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: indoor Playground
License(s) Required: business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6297
Date Available: 6/25/2020
Reason For Sale:
Annual Total Revenue: 336000
Annual Net Income: 80000
Inventory:
Monthly Payroll: 5300/m
Lease Information
Base Rent: 8700/m
Lease Expires: 2027
Lease Option: 1 x 5 years option
NNN: Included
 
Financing Information
Down Payment: 199000
Owner Will Carry:
Other Finance Terms: