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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!

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Listing ID:

ABD-24075351-50

Location:

Michigan

Type of Business:

Bingo Hall

Asking Price:

$1,150,000 (Includes Real Estate)

Gross Revenue:

$272,680

Cash Flow:

$140,522

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
  • For sale (included in asking price)

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

Email: Doug@ABB-BusinessBrokers.com

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.

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Dr. Mark Hagar

A lifelong resident of Fort Wayne, Indiana, Dr. Mark Hagar brings decades of hands-on experience in small business ownership, acquisitions, and turnarounds to his role as a business broker. Over his distinguished career, he has acquired and operated more than 20 companies and engineered over 50 successful turnarounds, giving him a uniquely practical understanding of what makes businesses succeed, and sell. His portfolio spans manufacturing, distribution, and service firms in industries including printing, education, military contracting, aerospace, and orthopedics. This diverse background enables him to identify value, anticipate buyer needs, and structure complex deals with confidence and precision.


Mark holds a Doctorate in Business Administration (DBA) from Cranfield University’s School of Management in Bedford, England—one of Europe’s leading business schools. His research on small business resilience and operational excellence has been recognized by the Small Business Institute (SBI), the United States Association for Small Business and Entrepreneurship (USASBE), and the International Council for Small Business (ICSB).


In addition to his business career, Dr. Hagar has served as a member of faculty at several institutions of higher education, including Holy Cross College (Notre Dame), Trine University, and the University of Saint Francis. He also hosted Your Business Matters, a small business–focused radio show and podcast for more than a decade and is the author of Small Fortunes – the Acquisition Entrepreneur’s Guide to Buying a Profitable Small Business.


A passionate advocate for entrepreneurs, Mark previously chaired the Indiana Leadership Council for the National Federation of Independent Business (NFIB), representing small business owners before state and federal legislators. He currently serves as President of the Allen County, Indiana Economic Development
Commission.


As a broker, Mark specializes in industrial, manufacturing, and distribution firms, with particular expertise in special situations, distressed assets, and complex transitions where experience, creativity and discretion are central to success.