Long Time Bingo Hall and Events Auditorium

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

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.