That's in my hometown, Richland Center owned by a friend of mine a very busy rink and he makes a very good living from it in a town of 5000 people
Thinking of buying a roller rink
- Thread starter tunes4046
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Cool. The only rink I could find in Fennimore was much, much smaller and right in the center of town. Maybe you should get your friend's opinion on the rink you're considering buying? He'll at least be able to give you real info about the operating costs.
Rainbo Palace? That's advertised on the Fennimore website as being 6000 square feet, not 20,000. It's a big difference... there's no room for possible expansion and it's nowhere near big enough to attract serious skaters. Not worth $15K, in my opinion.
So are you going to bite the bullet and do the deal? If you do I was a custodial worker for over 33 years and I have plenty of experience with maintaining floors. Wood or other wise. I know if you want things to last that you don't go cheap on the supplies to do the floors. I used to work for Newark Public Schools and at times they would bid on stuff and win the bid to find out it was poor quality stuff and after the contract was up they had to find another vendor to supply them with the right stuff that would really do the job properly.
True story. One time they brought boxes of trash bags that were garbage. You would look to open the bags and half of them would come apart and you couldn't use them. Depending on where you live I would be happy to be your maintenance man for the floors.
True story. One time they brought boxes of trash bags that were garbage. You would look to open the bags and half of them would come apart and you couldn't use them. Depending on where you live I would be happy to be your maintenance man for the floors.
I think the floors are ICE. And I think Wisconsin might be more than a quick commute from NJ.
What are the current zoning restrictions?
How far out of the current code is the building or it's parking and access?
Are there any on site tanks? (fuels, water, septic)
Are there any easements?
What is the current property assessment?
What will the taxes be when they become payable?
Evaluate the property NOT the business. Buy the title - not the covenants.
When you buy the property you will buy every existing headache that comes with it.
$15,000 is not a steal if it needs $85,000 in septic improvements and code upgrades. There can often be certain improvements that become mandatory if the property changes hands, or it's use is expanded/changed.
How far out of the current code is the building or it's parking and access?
Are there any on site tanks? (fuels, water, septic)
Are there any easements?
What is the current property assessment?
What will the taxes be when they become payable?
Evaluate the property NOT the business. Buy the title - not the covenants.
When you buy the property you will buy every existing headache that comes with it.
$15,000 is not a steal if it needs $85,000 in septic improvements and code upgrades. There can often be certain improvements that become mandatory if the property changes hands, or it's use is expanded/changed.
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Trying to build a daytime business out of a roller rink is an uphill battle. It looks like even the after-school business is dead. From their Facebook page:
Due to low numbers we are no longer skating on Tuesday after school! Our hours as of today are Friday and Saturday night 7pm-10pm. We hope to see you there!
Due to low numbers we are no longer skating on Tuesday after school! Our hours as of today are Friday and Saturday night 7pm-10pm. We hope to see you there!
At face value I would jump at this. I don't know what property value is like in Wisconsin but $15,000 for 3 acres and a building sounds like a helluva deal to me the big question is how do you market it?
If it was me I would have skating on the weekends and maybe Birthday parties during the week. Laser tag night? You can pick up Laser Tag gear pretty cheap. School field trips? Elementary schools are always looking for new things to do. Might be a rental potential for Roller Derby leagues too
If it was me I would have skating on the weekends and maybe Birthday parties during the week. Laser tag night? You can pick up Laser Tag gear pretty cheap. School field trips? Elementary schools are always looking for new things to do. Might be a rental potential for Roller Derby leagues too
Did you see my price to do the work. Of course I don't expect to get the job for that price. I expect to have him get someone to do it for a cheaper price and when they make a mess of things to contact me to do the job for that price and get the job done right.Call it a hunch - but I don't think they'll be hiring you.
For that price I buy all the stuff needed to get the job done the right way. Don't forget also I have at least one other person working with me that will need to get paid as well and there is the cost of insurance for the business.
For 5k He can find someone local who knows what they are doing to do it cheaper. That's what he was getting at. It wouldn't make sense to pay you for travel for something that surely can be handled locally
I know that. I was just having fun with it. My point is to find someone who really knows their stuff and not just base the decision on price alone. I was thinking in terms of us as DJs. A potential client not just deciding to book a DJ based on price alone.
I would be willing to do it for 1k just to meet Tunes in person and talk DJ talk with him. So I could match a name to a face.
$1k just to meet you and talk about DJing? Let's not waste another minute... who do I write the check out to?
(this post is total sarcasm, btw).
It does not sound to me like this deal includes title to the land - only the business, which seems to be nearly non-existent.
My guess is that the TRUE motivation on the owner's part is that he wants to maintain his tax free ride and the only way to do that is to find someone to hold up the skating gig.
Not worth it. Skateland roller rink 1 mile from my house has been around since the early 70s. The place is in dier need of update. The Lighting is old, the place looks way old. The owner is just collecting as much money as he can without putting any money into it. They make their money by doing birthday parties on Saturdays and Sundays. They are also open 6 - 10 pm on Friday nights but I hear Fridays are usually pretty slow. My son and wife attended a 7th birthday party there. They had 9 birthday parties going on at once...over 300 kids...it was madness. My Wife hated it, and vowed never to have our son's party there. The place is dirty, old looking, needs renovation.
Pretty sure a roller rink isn't going to be a solid money maker. They are more tax write offs than anything today. I also live in a suburb of Baltimore where there are over 55,000 residents. Not to mention Baltimore City and other suburbs within 10 miles. ...I think doing a roller rink in a area with 10,000 residents is going to be pretty darn hard to keep patrons coming in and spending money there.
Pretty sure a roller rink isn't going to be a solid money maker. They are more tax write offs than anything today. I also live in a suburb of Baltimore where there are over 55,000 residents. Not to mention Baltimore City and other suburbs within 10 miles. ...I think doing a roller rink in a area with 10,000 residents is going to be pretty darn hard to keep patrons coming in and spending money there.