How One Bowling Alley Made Millions Through COVID

In this episode the hosts analyze a trendy bowling alley, arcade, and bar concept generating nearly $1 million in EBITDA and debate whether the real opportunity lies in the business itself—or in the underlying real estate.

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This week the team reviews a unique entertainment venue in Charlotte, North Carolina that combines bowling, arcade games, food, drinks, and nightlife into a single destination. The business generates approximately $4.2 million in annual revenue and $930,000 in EBITDA, with an asking price of $3.65 million. The catch? The real estate is separate and reportedly worth nearly $9 million on its own.

Key Highlights:
- Asking price: $3.65 million for the business, with real estate valued at approximately $9 million.
- Generates roughly $4.2 million revenue and $930K EBITDA.
- Revenue peaked above $5.4 million before experiencing several years of decline.
- More than half of revenue comes from alcohol sales, with arcade games contributing high-margin income.
- Hosts conclude the most attractive part of the deal may be the real estate rather than the operating business.

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