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OFFERS NOW INVITED, Children's Soft Play Centre, Consistent Turnover, Profitable, Somerset TA21

Wellington, Somerset
Leasehold Price:
Offers Invited
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
236700
Reference
BP.0070790 / Rightbiz
01823432603

Details

OFFERS ARE NOW INVITED OWING TO OWNER'S OTHER BUSINESS INTERESTS

Baker Payne are pleased to offer For Sale the Leasehold of this superb little children's soft play business, the Play Castle, TA21. Recent price reduction owing to vendor's other pressing business interests. Potential vendor loan available in part. 

Leg work done from start up and now entering profitability, the 2018 LTD company accounts show a Turnover of £61,750 pa, a Net profit of £8373, and £15,245 when adjusted. The business comes up for sale due only to our vendor’s other pressing local business interests and family commitments. Opened just over 4 years ago, is this modern fairly recently fitted children's soft play centre and social hub for young families. Aptly named the Play Castle owing to its knights of the realm theming, there was a large capital expenditure at the point of set-up, on new play equipment including the castle climbing frame itself, operational fixtures & fittings, kitchen and back office equipment, and the entire presentation of the unit. (Current assets value circa £38,000) 

FLEXIBLE LEASE TERMS BY NEGOTIATION WITH COMMERCIAL LANDLORDS (Business Park Location)

This business has grown very quickly from a standing start, generating turnover in the region of £60,000 per annum with notable consistency and further growth potential. Locally renowned for general children's soft play and leisure, birthday parties and functions, the business has largely grown organically from word of mouth, social media, local family toddler groups and socials, with very little in the way of marketing and advertising costs being spent at all. Clientele is attracted from a 20 mile or so radius at least. Adjusted net profits are circa £15,000 year ended 2017, with the 2018 accounts expected to be better. 

Although an already successful business much more popular than some of its local competitors, there is plenty of room for scope and growth, or potential change of use to a day nursery, creche, holiday and breakfast club or similar, with a large demand for all these services locally. 

Situated on a popular, busy, and recently upgraged business park amongst other local and complimentary businesses at Chelston, on the outskirts of Wellington, Somerset, with Taunton circa (7) miles in the opposite direction. Chelston roundabout is focal point just off junction 26 of the M5 motorway adjacent several new developments both commercial and residential, including the popular and recently constructed Sky Lark Marstons pub and hotel, as well as West Park. Play Castle bounces well off the passing trade from the local trampoline park. 

Mainly open plan the unit benefits, entrance vestibule with large reception and security gate, staff office and ancillary areas, stainless steel trade kitchen with extraction plus dry stores and galley. Main floor with ladies, gents, disabled WC provision, VIP / Birthday area with roller shutter door leading to small picket fenced outer section. Main climbing frame, further soft play equipment, and toddler play section. Plenty of free standing fixtures and fittings to include dining tables and chairs, in all circa 2600 SQFT. 

Outside there is plenty of designated parking, and a bike/cycle shelter. The premises are well maintained and appointed. 

We are advised that the business tenure is leasehold, held on a 3 yearly renewable lease term subject to an annual rent of £15,000 pa. with 3 yearly reviews.

Business rates have been greatly reduced to £3159 per annum at present, from £8500 pa. Food Hygiene Rated 5 | EPC Rated D 

General Opening Hours | Further interesting information can be found on their extremely busy, locally renowned, and very liked facebook page. 

(Please keep in mind early closure some days, due to private parties) 

Term time

Mon, Tues, Wed: 9:30am – 4:00pm
Thurs, Friday: 9:30am- 5:00pm
Saturday: 10:00am-5:00pm
Sunday: 10:00am – 4:00pm

School holidays

Mon – Sun: 10:00am – 4:00pm

Average Prices being charged at the present time. There is also the benefit of a typical chilld and adult easy operation food menu, plus hot cold beverages. 

Adults & Under 1’s: Free
1-3 years: £3.50
4 years: £4.50
Childminder group: £2.50 per child

Richard Payne M. 07864 054440 visited and valued this business and will be pleased to discuss the amazing opportunity in more detail. 

Seller Details
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Listing Details
Leasehold Price: Offers Invited
Tenure: Leasehold
Marketed By: Baker Payne Property
Sector: Play Centre, Snack Bars
Financials
Annual Turnover: £60,000
Annual Net Profit: Available upon request
Key Features
  • With Car Park
  • Established Business
  • Price Reduced
  • Fully Fitted
  • Offers Invited
  • Accounts Available
  • Small Business
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