Charlotte NC Multi-Unit Children’s Indoor Playground Franchise for Sale – Buy All 4 or Individually – Well Priced – Owner Financing Options Available

by Steven Josovitz

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NAME/CONCEPT:  

Charlotte NC Multi-Unit Children’s Indoor Playground Franchise for Sale

Buy or all four-units.

An indoor inflatable playground full of slides, jumps, obstacle courses and bouncing fun for children 12 and under.  Walk-in play, Birthday Party packages, concession stand and arcade game room all available.

ADDRESS/AREA INFO: 

Charlotte North Carolina Area.

SIZE/TYPE: 

Unit One: 12,595 square feet with 18’+ high ceilings in a strip mall with other businesses and fast food. 

Unit Two: 13,600 square feet with 18’+ high ceilings in a strip mall with other businesses and eating establishments

Unit Three: 12,500 square feet with high 18’+ ceilings located in highly visited retail area

Unit Four: 12,632 square feet stand alone building with 18’+ high ceilings and lots of windows in a retail center.

RENT-CAM

Unit One: Monthly Total Rent Average – $12,916 (includes CAM)

Unit Two: Monthly Total Rent Average – $13,933 (includes CAM)

Unit Three: Monthly Total Rent Average – $13,815 (includes CAM)

Unit Four: Monthly Total Rent Average – $11,299 (includes CAM)

OPERATING HISTORY:  

Current owners purchased as a 4 – unit package in 2015 and purchased arcade games in place (were on revenue share with game vendor).  The franchise disclosure documents estimate new unit cost at $400,000 – $700,000 per unit.  Based on owner experience, a new unit costed approximately $500,000 to open net of landlord improvement allowance.   

Unit One: Current owners purchased in 2015. Opened in late 2006/ early 2007

Unit Two: Current owners purchased in 2015. Opened in late 2007/early 2008

Unit Three: Current owners purchased in 2015. Opened in late 2006/early 2007

Unit Four: Current owners purchased in 2015.  Opened in 2009

  •  VOLUME/NET Profit /LOSS: include year-end for the last one or two to three years. Please add to net any owner salary, add-backs and or anything that does not have anything to do with the operation that you run thru gross sales.

All add-backs are for owner-operator instead of large corporation such as depreciation / amortization, regional manager, travel, excess insurance, store manager, Corporate, consulting, etc.  SDE stands for Seller Discretionary Income or pre-tax cash flow with add-backs.  

Unit One   2019 Sales $452,118            SDE $29,771

                    2018 Sales $517,607            SDE $80,260

                    2017 Sales $535,929            SDE $80,976

Unit Two  2019 Sales $370,953            SDE -$31,898

                    2018 Sales $419,510            SDE -$20,278

                    2017 Sales $477,921            SDE $43,483

Unit Three 2019 Sales $431,823          SDE $55,162

                    2018 Sales $469,453            SDE $39,236

                    2017 Sales $467,490            SDE $57,453

Unit Four 2019 Sales $473,415            SDE $51,117

                    2018 Sales $497,694            SDE $86,141

                    2017 Sales $502,932            SDE $84,971

  HOURS OF OPERATION: 

Unit One:  Monday – Thursday 10AM -7PM (until 8PM when school is not in session).  Friday & Saturday 10AM – 8:30PM and Sunday 12PM – 7PM.  Holiday Hours may vary

Unit Two: Monday – Thursday 10AM -7PM (until 8PM when school is not in session).  Friday & Saturday 10AM – 8:30PM and Sunday 12PM – 7PM.  Holiday Hours may vary

Unit Three: Monday – Thursday 10AM -7PM (until 8PM when school is not in session).  Friday & Saturday 10AM – 8:30PM and Sunday 12PM – 7PM.  Holiday Hours may vary

Unit Four: Monday – Thursday 10AM -7PM (until 8PM when school is not in session).  Friday & Saturday 10AM – 8:30PM and Sunday 12PM – 7PM.  Holiday Hours may vary.

SELLING PRICE/TERMS:  $ 

Unit One: $150,000

Unit Two: $150,000

Unit Three: $150,000

Unit Four: $150,000 

Owner Financing Options Available

SELLER COMMENTS:  

Unit One: As of 1/6/2020: 

STAFF: 8 employees and 1 store manager.  Hourly salaries begin at minimum wage and increase depending on level of responsibility (full details can be provided, if requested).  

UTILITIES: Piedmont Natural Gas for gas, Pineville Telephone & Electric for electric, Waste Connection for trash pickup.  Water included in CAM. Telephone and Internet – by choice

EXPENSES – No debt and rent current, no known legal issues

LANDLORD TRANSFER FEES & DEPOSITS– negotiable with Landlord

FRANCHISE TRANSFER FEE – negotiable with Franchisor

FRANCHISE ROYALTY – 5% of sales + 2% Marketing Fee

Unit Two: As of 1/6/2020:

STAFF: 13 employees and 1 store manager.  Hourly salaries begin at minimum wage and increase depending on level of responsibility (full details can be provided, if requested)

UTILITIES:  Piedmont Natural Gas for gas, Duke Energy for electric, Waste Connection for trash pickup. Water included in CAM.  Telephone and Internet – by choice 

EXPENSES – No debt and rent current, no known legal issues

LANDLORD TRANSFER FEES & DEPOSITS– negotiate with Landlord

FRANCHISE TRANSFER FEE – negotiate with Franchisor

FRANCHISE ROYALTY – 5% of sales + 2% Marketing Fee

Unit Three: As of 1/6/2020:

STAFF: 13 employees and store manager. Hourly salaries begin at minimum wage and increase depending on level of responsibility (full details can be provided, if requested)

UTILITIES: Piedmont Natural Gas for gas, Duke Electric for electric, Waste Connection for trash pickup.  Water included in CAM.  Telephone and Internet – by choice

EXPENSES – No debt and rent current, no known legal issues

LANDLORD TRANSFER FEES & DEPOSITS– negotiate with Landlord

FRANCHISE TRANSFER FEE – negotiate with Franchisor

FRANCHISE ROYALTY – 5% of sales + 2% Marketing Fee

Unit Four: As of 1/6/2020

STAFF:  18 employees and 1 store manager. Hourly salaries begin at minimum wage and increase depending on level of responsibility (full details can be provided, if requested)

UTILITIES: Diminion Energy for gas, Duke Electric for electric. City of Gastonia for water, Trash Pickup included in CAM.  Telephone and Internet – by choice

EXPENSES – No debt and rent current, no known legal issues

LANDLORD TRANSFER FEES & DEPOSITS– negotiate with Landlord

FRANCHISE TRANSFER FEE – negotiate with Franchisor

FRANCHISE ROYALTY – 5% of sales + 2% Marketing Fee

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