Opportunity to own and operate two seasonal businesses with additional year round rental income, in one of the most desirable lake front communities. The property has two apartments and two commercial spaces which are fully leased, and an ice cream shop and 18-hole miniature golf course. The miniature golf course and ice cream shop were built in 2008 and is one of the most enticing small “fun centers” on the lake.
Business & Real Estate: $520,000
Revenues: $83,189 (last 2 years run by management company, no financials available)
Furniture, Fixtures, & Equipment (FF&E): Included in price and on request
EBITDA: $35,095 (last available financials)
Facilities: The building and businesses are located on 0.46 acres of prime real estate directly across the street from Lake Winnipesaukee. The building has 3608 SF living area to include: Mini Golf/Ice Cream inside area; 839 SF commercial space (US Post Office); 300 SF+/- small second store (Paddle Board shop); a 2 BR apartment and a 1 BR apartment. The18-hole Mini Golf course was built in 2008, along with a 120 SF Gazebo. There are 16 designated parking spaces with plenty of additional public parking nearby.
Competition: There is one other smaller miniature golf course nearby and a few ice cream shops.
Growth & Expansion: The last two seasons the business was run by a management company. The Management company and before that, the Seller, has done little marketing; an increase in spending to create awareness with tourists could yield significant results. Seller was absent allowing employees to run the business; an owner operator could save on staffing and create a face for the business. Residential tenants are leasing at below current market rates. Potential for additional revenue by adding pizza, candy, coffee, etc. to the Mini Golf & Ice Cream Business.
Support & Training: Seller is willing to stay on to assist in support and training
Reason for Selling: Other business opportunities