Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Unique Escape Room
(Amusement/Recreation)
Tarrant, Texas
Listed Price: $ 100,000
Listing ID: 000805

Listing DetailsDown Payment: $ 100,000
Gross Revenue: $ 165,000
Cash Flow: $ 55,000
FFE: $ 20,000 (Included in Price)
Reason for Sale:

Other interest, focus on his current job


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Escape game room with 3 unique themes located in Tarrant County is now available for sale. An escape room, also known as an "escape game", is a mental and physical adventure based game in which players solve a series of puzzles and riddles using clues, hints, and strategy to escape the room that you are trapped in. This business was established in 2017 by current owner and it was the one of the first escape rooms in DFW Metroplex. This unique business offers 3 different theme games with rooms crafted by the current owner and you choose one of those rooms to play one at a time with various difficulty. It takes 60 minutes per game and customers can book through a website or by phone. This 2,940 SF unique entertainment business is located in retail strip center that is anchored by a nationwide grocery and retail chain in an area of heavy traffic with many walking pedestrians. Most of the customers are well mix of all ethnic groups between the ages of teens to mid forty coming from the local area as well as from adjacent cities. There are various types of customers such as individuals, families, gamers, tourists and corporate customers coming as a team for team building purpose. One direct competitor was found in the immediate market area, but this business targets customer who wants to play well-made unique themes that no other escape rooms have within this area. Gross sales average for the business has been in the range of $165K/year over the last 2 years. One of the major marketing sources that this business has done is Groupon beside Google Ad, but other types of proactive marketing methods needs to be utilized to achieve maximum income capacity as well as growing the customer base outside the immediate market area. Introduction of new theme can attract not only new customers but also previous customers who had already experienced current themes in the past. Since this business is operated as owner absentee, a full-time owner-operator will enjoy additional profit by cutting down unnecessary payroll expenses, but keeping current managers in place will be beneficial as it will allow new owner for an additional time to proactively market the business for further growth. This is a great opportunity to acquire a unique escape game room located in prime location for potential buyer who is willing to do pro-active marketing to take this business to next level by reaching out to untapped areas of the cities.


Competition:

One direct competitor was found in the immediate market area, but this business targets customer who wants to play a well-made unique theme that no other escape rooms have in this area which has in result contributed to consistent sales of this location since its inception.


Potential Growth:

Marketing is being done to some extent at the current time, mainly thru online marketing such as Groupon and Google AD Proactive marketing is absolutely needed to grow the sales further as well as reaching out to customers within untapped areas of the business.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 2940
Facilities:

This business is located in a 2,940 SF of retail strip center that is next to an intersection with consistently heavy traffic and retail businesses that attract people to the area.


OperationYear Established: 2017
Employees: 5PT
Absentee Owner: Yes