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General Business Information
Listing ID:
4110-00324
Listing Type:
Exclusive Right of Sale
Price:
$250,000
Down Payment:
$250,000
Category:
Recreation
Subcategory:
Minature Golf Course
County:
Orange
State/Prov:
Florida
Country:
United States
Sales:
$496,275
SDE:
$52,130
Description of Business
This miniature golf course is located in a predominately tourist-based Central Florida area and is family owned and mostly absentee-operated. Sales remain consistent year-round due to the number of nearby hotels and attractions. There are two courses available for play, and the business offers group discounts and birthday parties.
They advertise with Groupon and other tourist-oriented advertising publication, and have a GM in place that runs the operations of the business.
Ownership has made significant upgrades to the facility including
(but not limited to) replacing all exterior lighting (upgraded to LEDs), replaced the main waterfall pump with digital control, renovated the bathrooms, replaced all decks, and converted the former arcade into an air-conditioned party room with custom furniture for events.
Ownership also plans to re-turf the entire course in the near future.
Owners of the business also own the Real Estate and will be the Landlord to an incoming Buyer. This business is perfect for an owner-operator with a growth mindset.
Listing Details
Location:
This business is located in the heart of a high traffic tourism area of Central, Florida.
Hours of Operation:
Mon - Thurs 10a - 11p; Fri - Sun 10a - 12a
Years Established:
25
Years Owned:
9
Employees FT:
5
Managers:
1
Amount of Hours Owner Works:
5
Is Relocatable:
No
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
No
May Qualify for a Visa:
Yes
Financial Information
INCOME PERIOD, Year
GROSS SALES
– Costs of Goods Sold
= Gross Profit
– Total Expenses
= Net Before Taxes
ADD BACKS
+ Owner(s) Salary
+ Benefits
+ Interest Expense
+ Depreciation
+ Other
TOTAL OWNER BENEFIT
2022
$469,276
$33,396
$435,879
$367,749
$68,670
$0
$0
$0
$0
$0
$52,130
2021
$596,771
$171,277
$425,495
$456,772
$-31,277
$0
$0
$18,285
$0
$47,160
$40,989
Assets Included in Sale
Leasehold Improvements:
$1,080,000 Included
FF+E:
$15,000 Included
Inventory:
$1,500 Included
Total Assets Included:
$1,096,500
Lease Information
Monthly Rent:
$15,000
Terms and Options:
The sellers prefer a 10 year lease, however this is negotiable.
Building Type:
Stand Alone
Summary
Reason for Sale:
The seller is ready to pursue other business interests.
Training and Support:
The current owner will help the new owner during a 14 day acclimation period at no cost.
Non Compete:
Five miles for 36 months.
Owner Qualifications:
General business management.
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00324
Listing Type: Exclusive Right of Sale
Price: $250,000
Down Payment: $250,000
Category: Recreation
Subcategory: Minature Golf Course
County: Orange
State/Prov: Florida
Country: United States
Sales: $496,275
SDE: $52,130
Description of Business
This miniature golf course is located in a predominately tourist-based Central Florida area and is family owned and mostly absentee-operated. Sales remain consistent year-round due to the number of nearby hotels and attractions. There are two courses available for play, and the business offers group discounts and birthday parties.
They advertise with Groupon and other tourist-oriented advertising publication, and have a GM in place that runs the operations of the business.
Ownership has made significant upgrades to the facility including
(but not limited to) replacing all exterior lighting (upgraded to LEDs), replaced the main waterfall pump with digital control, renovated the bathrooms, replaced all decks, and converted the former arcade into an air-conditioned party room with custom furniture for events.
Ownership also plans to re-turf the entire course in the near future.
Owners of the business also own the Real Estate and will be the Landlord to an incoming Buyer. This business is perfect for an owner-operator with a growth mindset.
Listing Details
Location: This business is located in the heart of a high traffic tourism area of Central, Florida.
Hours of Operation: Mon - Thurs 10a - 11p; Fri - Sun 10a - 12a
Years Established: 25
Years Owned: 9
Employees FT: 5
Managers: 1
Amount of Hours Owner Works: 5
Is Relocatable: No
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: No
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2022
GROSS SALES: $469,276
– Costs of Goods Sold: $33,396
= Gross Profit: $435,879
– Total Expenses: $367,749
= Net Before Taxes: $68,670
ADD BACKS
+ Owner(s) Salary: $0
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $0
+ Other : $0
TOTAL OWNER BENEFIT: $52,130
INCOME PERIOD, Year: 2021
GROSS SALES: $596,771
– Costs of Goods Sold: $171,277
= Gross Profit: $425,495
– Total Expenses: $456,772
= Net Before Taxes: $-31,277
ADD BACKS
+ Owner(s) Salary: $0
+ Benefits: $0
+ Interest Expense: $18,285
+ Depreciation: $0
+ Other : $47,160
TOTAL OWNER BENEFIT: $40,989
Assets Included in Sale
Inventory: $1,500 Included
FF+E: $15,000 Included
Leasehold Improvements: $1,080,000 Included
Total Assets Included: $1,096,500
Lease Information
Monthly Rent: $15,000
Terms and Options: The sellers prefer a 10 year lease, however this is negotiable.
Building Type: Stand Alone
Summary
Reason for Sale: The seller is ready to pursue other business interests.
Training and Support: The current owner will help the new owner during a 14 day acclimation period at no cost.
Non Compete: Five miles for 36 months.
Owner Qualifications: General business management.
LISTING BROKER