Long Time Bingo Hall

This established and profitable bingo venue makes for a very attractive investment opportunity.  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 add to hit the ground running. 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.

 

Listing ID:

ABD-24075351-50

Location:

Michigan

Type of Business:

Bingo Hall

Asking Price:

$1,150,000

Gross Revenue:

$280,075

Cash Flow:

$168,185

FF&E:

Included

Established:

Pre-1980

Employees:

1 Part Time

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

Real Estate / Lease Terms:

  • Owned by current owner

Growth Opportunity:

  • Currently there are 9 games per week, but the facility is licensed for up to 14 games per week
  • There is bingo played every day of the week and twice on Friday and Sunday
  • Electronic gaming is under consideration by the State

Competition:

  • There isn’t much competition. The closest competitor is an hour away.

Financing:

  • Financing would be available for the real estate

Support & Training:

·    Seller will train a new owner

·    All games are run by the nonprofits, no involvement by the owner(s)

·  Concessions are subcontracted out to third party

·    Cleaning of the auditorium is performed by a third party

Reason for Selling:

  • The Seller wishes to retire
  • This is mostly a landlord opportunity and ownership mainly involves the leasing of the auditorium to nonprofits who conduct all bingo activities

Broker Contact:

Doug De Jonge – Advanced Business Brokers

Direct: 616-293-5272

Fax: 248-564-5259

For more information, fill out the form below:

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. ​Above information is subject to change and/or correction and should not be considered binding.