| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 8,000 TIME(S)
BUSINESS REFERENCE : JR3 / RightBiz FREE CHILDRENS INDOOR SOFT PLAY | | | | | | Free Children's indoor soft play available in Washington, Tyne and Wear | | | BUSINESS LOCATION: | Whitley Bay Tyne and Wear UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Other | | SALE: | Private Sale | ANNUAL RENT: | £49,950 | | | | | | | | | | | BUSINESS DETAILS: | Great opportunity to own a children's indoor soft play for free.
This deal is subject to the following conditions:
1. Minimum 10 year lease at £49,950 per year plus vat
2. Personal Guarantors required for 5 years
3. Tenant must insure the building
4. £20K deposit returned after lease term.
In return all soft play assets and business contacts will be transferred over for free (est cost of assets £150K).
Note: A sub-lease is currently in place generating £10,400 income. This will be transferred over resulting in an initial rent of £39.5K.
Setting up a soft-play can be very expensive (est up to £200K), providing a building with suitable planning use is found. This is a great starting point for someone wanting to own a soft play with approved building use and all soft-play assets thrown into the deal for free.
The building requires around £30K to £40K investment behind the scenes to utilise unused office space and for advertising/marketing purposes. Even though this sounds quite and investment, its a lot cheaper than setting up from scratch, and already has a small customer base in place. | | | | | | FOR SALE | | | | | SELLER: | Confidential - Members Only | | CONTACT: | Confidential - Members Only | | REFERENCE: | JR3 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
