Buying a theme park or leisure center is not a child’s play. Diversifying a commercial portfolio with potential real estate can be a rare investment opportunity.
From water parks, go-carts and laser tags to bowling, arcades and trampoline parks, leisure facilities in the right places can benefit visionary owners.
Brent Stevenson, owner of Rose Fun Park in Townsville For saleSaid that now is the “perfect time” to explore the sector while Australians are on vacation in the backyard.
“We have had the best year of 20 years. People couldn’t go anywhere, so they go home for vacation. In the next few years, everyone is traveling home. In the meantime, the park will be able to make a lot of money, “said Stevenson.
“I’m happy to sell it at the right price, but I’m not desperate. If anyone wants, there’s much more room for expansion.
“I’ve been looking at me in some caravan parks lately because all the activities are set up. With caravans and eco tents, it’s a great place for locals to visit and stay. Probably. “
Pandemic travel can benefit local businesses
The amusement park and center operating industry currently accounts for $ 1.3 billion in the Australian market, but is expected to decline by 13.4% in 2021, according to the latest figures from global industry research firm IBIS World.
According to statistics, the market size of this sector has decreased by an average of 5.8% every year since 2016. this is, The October Dream World Accident And the travel turmoil caused by the COVID-19 pandemic.
However, IBISWorld’s November 2020 forecast states that the industry will “grow at a strong pace over the next five years” as it recovers from the effects of the pandemic. Increase in the number of domestic and overseas tourists. Higher household discretionary income, and positive consumer sentiment.
While major companies such as Village Roadshow dominate the amusement park industry in Australia, Australia is dotted with small businesses and family-owned parks in tourist areas and in the heart of the region.
REA Group economist Anne Flaherty said it is important to consider the short-term and long-term conditions surrounding tourism and how they can change and impact niche investments. ..
“Theme parks may be considered a high-risk sector as they impact tourism if COVID cases reappear, and international travel is not expected to return to pre-COVID levels for several years. Therefore, there may be more risk, “says Fraherty.
“That said, if these are areas that are accessible to domestic tourists, they are likely to work, but in some places international tourism has the potential for long-term growth. It’s a high place. “
7 amusement parks for sale around Australia
Here are the theme parks and centers currently on the market around Australia.
1. Big Buzz Fun Park Center, New South Wales
Operated by the same owner for 36 years Big Buzz Fun Park Center Rainbow Flat has an amusement park with toboggan slides, four water slides, a laser tag, a golf range and a go-kart.
The average total sales of an established business is about $ 400,000 per year, with an income of about $ 180,000 based on just 80 days of operation per year.
The 12ha property includes a 4-bedroom residence.
Sale price: Price at the time of application
Distributors: Antonio Nguyen, LJ Hooker Cabramatta
2. Rose Fun Park, Queensland
Current home The only theme park in TownsvilleOpen on weekends and school holidays, this 10.12ha property is available in a variety of options.
Gamlow’s 505 Allambie Lane commercial site has several zoning approvals and permits to function as a farm, event center, lifestyle property, or continue as a full-time extended theme park. There is a possibility.
Barramundi Park started 20 years ago as a farm for Red Claw and Barramundi and has grown to include inflatable water parks, inline cable skis, aqua golf, cafes / kiosks and more. There are 13 fishing dams on the premises.
The property includes a modern 5-bedroom dwelling for owners / managers with the option to live on the premises.
Selling price: $ 250,000
Distributor: Property Now – Local Reserve
3. Jumpz Trampoline Park, VIC
Bendigo’s Large Format Jumpz Trampoline Park is the only park of its kind in central Victoria and is always busy.
Features include foam pits, basketball zone, dodgeball court, 150 interconnect trampolines, 6 elite performance trampolines, party rooms, over 50 arcade games, laser tags, playgrounds under 5 years old, and full-service cafes. I will.
The 1800-square-meter facility can accommodate up to 150 patrons per hour and is located next to a major retail store in the heart of the town.
Sale price: $ 880,000
Distributors: Anne Donchos, CRE Brokers Australia
4. Mont Holiday Park, Queensland
A popular tourist destination in the North Barrett region of Queensland, This holiday park It has a water park, cafe, tennis and golf facilities and has potential for expansion.
Operated by the same owner for 16 years, the caravan park is located in a 10.15 ha shrubland with access to promenades and local dams.
With 235 sites including villas, cabins and camping sites, the property has a return on investment of 12.6%.
Selling price: $ 6 million
Distributors: CRA Brokers Australia, Craig Clark
5. Munnopara Game Center and Cafe, SA
Completely occupied Little Rocket and Game On Gaming ArcadeThis large 2176-square-meter site, north of Adelaide, offers a low-maintenance investment outlook.
With an annual net income of $ 230,000 and GST’s estimated net income, the center’s current lease expires in mid-2024 and has the option of renewing.
Both tenants are expected to grow to 40,000, adapting to population growth and young demographics in the region.
Selling Price: Wednesday, May 26th, 11:00 am Auction (except if previously sold)
Distributors: Tony Ricketts, Ray White Commercial Adelaide
6. Townsville Tempin and Fun Center, Queensland
Townsville’s iconic free-owned land Tempin and Fan Center It has been on sale for the first time since 1992.
Currently operating under full control, the property will appeal to either real family businesses or investors seeking to maintain their current arrangements.
The 3,527-square-meter building on 6474 square meters has 24 bowling lanes, four squash courts, a dodge car, an amusement area, a fully licensed kiosk, and a commercial kitchen.
Part of the building is leased for $ 72,098 and GST’s net annual rent.
Selling price: Inquiry agent
Distributors: Keir Kreis, LJ Hooker Commercial Brisbane
7. Tasmanian Devil Anzu, TAS
Located at 9.16ha, this property has the potential to be a primeval botanical garden, cafe, visitor center, three-capes walking lodge or B & B with vast shrublands, wildlife habitats and native orchid reserves. There is a farmhouse residence.
Located on the Tasman Peninsula, facing the sea, Tasmania’s top tourist destination, Port Arthur Historic Site, is a short drive away.
Sale price: Expressions of interest
Distributors: John Blacklow and Scott Newton, Knight Frank Tasmania
Place of originSeven Theme Parks For Sale Around Australia