Listing Number: 76931-110513
Description
This is a rare acquisition opportunity involving equipment leasing contracts with multiple franchisees of a popular casual restaurant chain. The equipment is primarily TouchTunes jukeboxes and accompanying audio and visual equipment. The business retains ownership of the entertainment equipment that it leases to these franchisees, and the business and the franchisees share in the net revenue after accounting for music subscription fees and other agreed expenses. Some of these contracts have been in place for over a decade, and business referrals continue to be received on an ongoing basis. As of year-end 2023, 552 TouchTunes jukeboxes were installed for franchisees across 34 states. In 2024, the business anticipates installing 171 more TouchTunes jukeboxes for contracted franchisees.
These equipment leasing contracts generated revenue of over $3.5M in 2023, and SDE related to these contracts topped over $991k. With the additional installs that have occurred and that are pending, 2024 has a projected revenue of more than $4.1M, with SDE projected at nearly $1.1M. In 2025, with full year revenue from the jukeboxes that were installed during 2024, revenue is expected to approach $4.9M, with SDE surpassing $1.34M.
Listing Details
- Price: $ 4,500,000
- Down Payment: $4,500,000
- Sellers Discretionary Earnings: $ 991,848
- Total Sales: $ 3,597,894
- Location: Texas
- Inventory: $ 0
- FF&E: $ 3,200,000
- Employees: 5
- Year Established: 1938
- Reason for Selling: Focus on other endeavors
- Category: Rental Business,Recreation
