Business Listing

Property Management Opportunity

This established and profitable long-time bingo venue makes for a very attractive investment opportunity. Bingo, concessions, and cleaning are all outsourced. Currently the hall hosts 9 sessions (games) per week. Bingo is played every day! Many non-profits see bingo as an essential way to raise money for their worthy causes. In addition to live bingo games, there are also pull tabs and concessions.

Located in West Michigan, this auditorium has been in business continuously for over 40 years and is a mainstay in the community. There is nothing needed to hit the ground running!
Industry
Entertainment and Leisure, Real Estate
Segment
Property Management
Asking Price
$1,115,000.00
Ref ID
ABD-24075351-50
Established
0
# of Employees
1
Full Time Employees
0
Part Time Employees
1
Gross Revenue
$280,075.00
Cash Flow Type
Seller's Discretionary Earnings
Cash Flow
$168,185.00
Other Value
$0.00
FF&E
$0.00
AP/AR
$0.00
Real Estate in Asking
Yes
Inventory in Asking
Yes
Inventory
Equipment
-Included in asking
Real Estate
-Included in asking
Facilities
-Auditorium is approximately 8,000 sqft
-Building on the property that is leased out is approx. 1,200 sqft
-Expressway visibility
-Steel construction with kitchen
-Current auditorium built in 2004
Broker/Seller

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