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High-Growth Niche Nightlife Activity | FMJ-618

Hartford, Connecticut

Established over two years ago in New England, this turnkey business is a specialty recreational facility offering unusual entertainment options focused on bringing adventure to city life. A carefully crafted industrial-chic atmosphere brings the outdoors in, providing immersive activities for a small gathering of friends and family or a space to host a corporate or team-building event. The two leased venues are designed to handle gatherings from 1-2 people up to large groups, offering hands-on guidance and individual recreation for patrons of all ages. The loyal customers tend to be affluent 20-40-year-old students and business people with a passion for adventure and trying new things.

Located in high-density urban areas near universities and upscale retail and dining venues, the business has good visibility and close partnerships with neighboring complementary businesses. After the owners recouped their investment for their original location, they expanded to a second location. With well-documented operating procedures and expansion plans, this business offers low overhead, high margins, and an experiential outing.

Projections are strong for the next 1-5 years. Increasing marketing efforts, raising prices, and expanding the hours of operation could offer immediate growth opportunities, with longer-term growth available through physical expansion and an increase in the bar beverages currently offered at one location.

The owners have been quite hands-on managing the business recently, but the business is easily run by staff following clear and detailed operations manuals. Though still active in the business and excited about growth prospects, the business partner owners are interested in moving on and exploring other ideas and opportunities. Even with restrictions imposed by COVID-19, the business has expanded, offering people a safe and fun way to spend time even during difficult periods.

This is an established business. This is not a new franchise or start-up opportunity.

Asking Price

$1,850,000

Gross Revenue

$1,400,000

Annual Cash Flow

$700,000

Seller Financing

Yes, available for qualified buyers

Inventory

$11,000

Inventory Included in price

Yes

Location

Hartford, Connecticut

Real Estate

Leased

Home Based

No

Relocatable

No

Franchise

No

Employees

3 FT | 17 PT

Year Established

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