Sold
Family Arcade and Amusement Center
All Amusement Fun Center opened in the Burbank Town Center in 1994 and has been providing a clean, safe family centric entertainment experience ever since. They provide a balanced mix of the most current top attractions, excellent customer service, an impeccably clean facility and generous rewards that clearly distinguish their business from the competitors. They have a high degree of repeat customers and have been embraced by the Burbank community for decades. Many of their original customers are now bringing their children and grandchildren to experience the same fun they had when they were younger.
Despite their mandated closing related to Covid from March 2020 until May 2021, the business has rebounded and is now back to the same high level of profitability that was consistently experienced prior to the shutdown. This is an excellent opportunity for someone looking for a lifestyle business that provides joy and the experience of winning to its customers.
Listed By: Steve Barnett
Background information
Reference:
VBB115
Year established:
1980
Reason selling:
After 43 years successful years, the owner is looking forward to retirement
Finance
Sales:
$543,000
Profits:
$257,000
Operations
Employees:
3
Equipment:
Included in asking price $300,000
Inventory:
Included in asking price
Premises
Facility:
The business occupies a approx. 3976 sq. ft. leased space on the upper level of Bubank Town Center. There are 3 years remaining on the current term, with a 5 year option that expires in 2030. Included in the price is approximately $300,000 fair market value of arcade equipment that is maintained in as-new condition. The equipment is highly marketable, greatly adding to the attractiveness of this fairly priced business.
Location:
Burbank, CA
Opportunities
Growth:
The area around Burbank Town Center is growing fast and furious. There are housing developments and a new IKEA being built within blocks, ensuring the sustainability of this family business for years to come.
Price and terms
Price:
$675,000
Financing:
The owner is willing to finance up to 50% of the price for a qualified buyer.
Training:
The owners are committed to ensuring a smooth and successful transition to the new owner. They will introduce the Buyer to all of the key relationships and train the Buyer in the management responsibilities of the business. The owners will train a new owner for up to 6 weeks at up to 25 hours per week included with the sale.