Issue link: http://deals.uberflip.com/i/1334236
Midwest Region, US Bowling Center & Commercial Property Owner 52,000-Sq Ft Facility/31,000 Addi onal Rentable Sq. Ft Tom Poyser, M&A Advisor Tel: (317) 513-2898 Fax: (972) 232-1193 Email: tpoyser@genera onal.com www.Genera onal.com I www.DealForce.com FYE Jan 2020 Est. Revenue $2.5MM I FYE Jan 2020 Est. EBITDA $530K+ Highlighted Investment Considera ons • Superior Name and Reputa on: The Company enjoys a long-standing (50+ years) reputa on of having a fun bowling atmosphere and being cornerstone in the community. • Outstanding Growth Opportuni es: There exist several opportuni es for the Company to significantly increase revenue and profit, including leveraging its proven reputa on for offering a state-of-the-art bowling experience. • Industry Outlook: Revenue for US bowling centers is forecast to grow at a CAGR of 4% between 2019 and 2023. • Outstanding Real Estate Development Opportunity: Approximately 7 acres located near major interstate high- ways . For more information, please sign the Confidentiality Agreement DISCLAIMER: All informa on contained in this document has been provided by the subject company to Genera onal Equity and while believed to be correct has not been verified. Accordingly, Genera onal Equity makes no representa ons or warran es as to accuracy and truthfulness of such informa on. The recipient hereof acknowledges that Genera onal Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Genera- onal Equity of this document. At all mes Genera onal Equity and its affiliate network members is an agent for the seller and not for the buyer. Genera onal Equity's fees are paid by the seller. The Company offers bowlers a state-of-the-art facility featuring 60 lanes used for league play, recrea onal bowling, par es, fundraisers, cosmic bowling, and group ou ngs. In addi on, the Company offers a full bar and arcade. Its 13 rentable mixed use office spaces vary in square footage from 400 to 13,000 square feet, not including the space occupied by the bowling center. During FYE January 2019, revenue was derived from bowling (53% of revenue), bar (18%), snacks (14%), rental revenue (8%), and vending and miscellaneous (6%). The Company primarily targets league bowlers, general public bowlers, and event bowlers, as well as small businesses looking for office space in the area. Overall, it offers over 50 years of exci ng bowling experience and 15 years of real estate management, which are evidenced by the Company's long- standing rela onships with league bowlers and tenants. It currently employs 10 full- me and 32 part- me personnel. The bowling center and commercial office building are situated on approximately 7 acres. Client #62087