Amusement machine distributor

Location: Red Oak, IA 

Cash Flow: $705,880

Description: 

Highly successful distributor of gambling and amusement machines for sale in Red Oak, IA. The company has machines in 57 locations in 4 different states which the business splits the revenue from the games with the owner of the business where the game is located. Machines are in Bars, Restaurants, Fraternities, Clubs, and Laundromats. The company has a team that delivers the machines, collects money, and to does maintenance. New owner could rent one of the locations currently owned by the business, or business could be relocated. Projected Seller Earnings this year has dropped due to new regulation in one state and sellers’ health issues. Earnings this year are projected to be $389,894. Sales can be ramped back up with new buyer being able to travel or hire dedicated salesperson. For more information on this Gaming and Amusement distribution business for sale in Red Oak, IA, please Contact Jeff Hofflander at 402-578-0625.

Business Information:

Established:    1980

Location:      Red Oak, IA

Reason for selling:   Health Issues

Employees:      7  Full-Time

Support from Seller: Seller is flexible for transition time for buyer and is open to options. 

Opportunities: Contact more locations to have machines installed. Either new owner could actively do sales or hire a dedicated salesperson to promote business. Add online gaming.

Owner involvement: Owner has very little involvement on day-to-day operations THIS PAST YEAR because of health issues.    

Financing Options:

Purchase Price:    $1,200,000

Down Payment:  $240,000

Loan:   $960,000

Financing options possibly be SBA or other financing because of a large amount of equipment. 

Your Next Step

1. Contact Jeff to schedule a meeting or conference call with the seller, to request financials, or for any other questions.

** DO NOT CONTACT SELLER OR VISIT WITHOUT PERMISSION FROM US**

2. Submit a contingent Offer-To-Purchase

3. 30-60 days to complete due diligence

4. Close on the business when all your contingencies have been satisfied.