Acquisition and Divestiture
If you are considering a purchase or sale of a Family Entertainment Center, Route, or related company we can help. Pinnacle is well experienced and positioned to understand and value family entertainment assets. We can play a high-value role in brokering acquisitions or joining your due diligence team. Similarly, when exiting a market, it is important to make sure you are getting top dollar for your facility and assets.
The team at Pinnacle Entertainment Advisors have expertise in all phases of a family entertainment center’s life cycle. Whether you are just getting started, looking to expand, or leaving a market, Pinnacle can help you have the confidence to make the right choices.
Municipal Government, Southeast United States
Pinnacle has been retained by a southeastern U.S. city to assess the feasibility of creating and executing a major family entertainment and recreation center in the City. The initial phase includes the development of a feasibility and conceptual plan. The project details are currently confidential.
The Enchanted Castle
Assisted the owner in developing the sale prospectus for the business, as well as developing the marketing strategy, which contributed to its successful sale.
National Retail Properties, Inc.
National Retail Properties is a real estate investment trust, investing in single-tenant retail properties generally subject to long-term, net leases. National Retail first retained Pinnacle to assess two of its tenant locations, big box family entertainment center/pizza buffet operations. We performed an appraisal, including site survey, contents inventory and valuation on all entertainment equipment, restaurant equipment, furniture, and fixtures for the two sites in the Denver and Dallas markets. We continued to serve the client in a subsequent engagement six months later. Pinnacle conducted an appraisal and valuation of five FEC properties located in three cities. Scope included appraisal, including site survey, contents inventory and valuation on all entertainment equipment, restaurant equipment, furniture, and fixtures for each of the five sites.
During the merger process between these global manufacturers, Pinnacle was retained to provide extensive research on the US marketplace. We conducted “on the ground” surveys of product placement in select markets, and produced and extensive analysis of the U.S. market for Sega.
Ray’s MTB East
Pinnacle worked with the ownership team in developing the Business Plan for this full service 120,000 square foot Indoor Recreation Complex with a central focus on Mountain Biking. The facility will be geared towards athletes of all types and ability levels and located in central Long Island near the Nassau-Suffolk border. Ray’s East will feature a wide array of attractions including a fitness club, game lounge, and restaurant. Pinnacle gathered the market data and produced a comprehensive Prospectus/Information Memorandum for investors, real estate owners, and municipal partners.
Sun Entertainment Investments
In 1995 Mr. McAuliffe served as chief executive of the $50 million entertainment division of Edison Brothers Stores, Inc. (NYSE:EBS) The parent company was a national retailer with $1.75 billion in shoe and apparel sales. Edison experienced a significant decline in the business of its core shoe and apparel stores which led the parent to file for Chapter 11 protection late in the year. Mr.McAuliffe structured a management buyout plan for his division, attracted the private equity firm Sun Capital Partners as equity investors, negotiated a binding finance agreement with a major Bank, and received bankruptcy court approval for the acquisition, subject to higher and better bids. The Sun Group withdrew at auction in competition with Namco Cybertainment, Inc. a Japanese industry manufacturer with US operations, collecting a break up fee. Over 90% of the entertainment locations continued in operation under the new owner.
National Video Game and Coin Op Museum
Advised the managing foundation on wind up and negotiated the placement of the collection.