Positioned in a prominent space on Devonport's William Street, neighboured by KFC, Hungry Jacks and others, sits Devonport Tenpin Bowl, an immensely popular entertainment attraction on the North West coast of Tasmania for many years.
With exposure to some of the largest volumes of traffic in the city, the leasehold spans over a site exceeding 2,000 sqm, with a 1,400 smq building plus driveway and off-street private parking to it's front.
This highly profitable business is generating substantial profits and continued annual growth, with assets and equipment of approx. $335,000 included. The Vendors have recently purchased a new Oiler for the lanes, at a cost of $46,000, and new signage and scoreboards have been installed internally.
Predominantly serving as a bowling alley with high quality equipment and accessories, the business also features amusement machines and cafe/kitchen facilities with dine-in area. The cafe benefits from recent equipment additions including new commercial coffee machine and donut maker. A pro-shop is set up on site by sub-lease, locker room, and separate male/female bathrooms.
There is an additional large area currently serving as a creche when required, but could be utilised for the addition of another attraction, with a second room housing amusement machines in addition tot he main entertainment area, which is suitable for further equipment or revenue-generating opportunities, including those subject to liquor-license approvals.
The lease is currently on the second year of a 5 year term, with a further 5 year Option to follow.
Assets include but not limited to:
- 14 x AMF 8290 XLI bowling machines
- Synthetic lanes
- Kegal Crossfire oiling machine (superseded by new Oiler as noted above)
- Full Qubica scoring system
- New comprehensive security system
- Air Conditioning/10kW Heat Pump
- All pins, shoes and accessories, with new pins recently installed
- All cafe/kitchen stock and accessories
- All interior fittings
- Spare parts, maintenance items, drill press and ball drilling equipment
The site hosts multiple leagues in addition to daily public entry, with over 165 members of those leagues. This year, Devonport Tenpin Bowl is the host of local and State championships, including Adult, Junior and Disability tournaments.
A great opportunity for someone to purchase a successful, profitable business with the potential to grow even further, while listed at a below-market value price.
Price is reduced to $329,000 WIWO.
Please contact Colin Rowlands at Halliwell Property Agents for all enquiries and financial information.