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Karting Business for sale

Undisclosed, West Midlands
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Karting Business for saleKarting Business for saleKarting Business for sale
  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    18/11/21

  • Advert ID

    286289

  • Leasehold: £180,000
  • Rent: £75,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Indoor karting business for sale!

1. ABOUT THE BUSINESS:-

This Indoor Karting centre has been well established for over 20 years. It is conveniently located at Masonry Trading Estate, off of the M6. It is within a five-minute walking distance from the Walsall city centre.

The circuit itself is on a 20,000 sq. ft. property. The flooring is concrete. It gives the tires a longer life without compromising much of the grip offered during a lap. 

The building consists of:-

  • A large parking area provides parking space for every customer even during the busiest times.
  • A café/ reception area with tables, chairs, and a wooden podium.
  • A party room with a private WC upstairs. It is perfect for Birthdays, Christmas parties, Stag and Hens, and team buildings.

On the ground floor there is:

  •  A briefing room followed by a changing room.
  • Two toilets- there is one toilet for public use and one toilet for staff/ storage.
  • A pit area for 20 karts.
  • A 300m track layout.
  • Garage area - equipped with all of the tools needed to do any kind of repairs or maintenance of the go-karts. There is enough space for multiple karts. There are many drawers to store spare parts and tools.
  • CCTV room/ Main Marshal post.
  •  Upstairs storage area for helmets, suits, and other equipment not used daily.

The whole building altogether with the trading estate is covered by CCTV cameras.

The trading estate’s main gate is locked automatically every evening. However, there is 24/7 access to the property if needed.

2. WHAT IS INCLUDED?

16 Electric Adult Karts- Sodi Funny Volt with a top speed up to 30 mph. (Valued at £6000 each second-hand price by the manufacturer)

10 Fast Charging Stations- Charge the karts from 0% to 100% between 10-12 min. (Valued second hand at £1000 each)

Electric-powered go-kart engines mean:

  • Environmentally friendly facilities - no noise or air pollution issues to contend with.
  • No purchasing, storage, handling, or disposing of fuels like gasoline, propane, and methanol, and subsequently, no re-fuelling of karts.
  • The engines are more efficient and robust than gas-powered karts. They have fewer moving parts and therefore, easier maintenance, lowered risk of engine failure, lower incidences of downtime, more productive time for you and your thriving business.

For safety, the go-karts come equipped with state-of-the-art radio-controlled emergency shut-off and speed reduction equipment as follows.

3 operational speeds, controlled remotely from the Pit/every marshal post.

  • Speed 1- restricts the speed to around 10 mph.
  • Speed 2- restricts the speeds to 20mph.
  • Speed 3- unlocks the maximum potential of the kart, speeds up to 30 mph.
  • Emergency stop/Speed 0 - the karts can be stopped remotely if needed in case of an accident.

The karts are equipped with adjustable pedals and seats, allowing them to be driven comfortably by teenagers and children.

Our go-karts also carry a superiorly designed chassis that makes for strong go-karts, which in turn deliver years of service.

These karts have reverse gear!

Age Group: 12 years old, or eight years old of 1.32m and Academy certificate issued.

  • 5 Junior Karts (Cub Karts) and 12 batteries.
  • 5 Charging Stations
  • Suitable for ages 3 – 10.
  • Commercial vehicle (not a toy) and is fitted with many safety features.
  • Reaching speeds of up to 10 mph.
  • “My Laps” Timing system and one-timing software.
  • “My Laps” transponder for each go-kart.
  • A website with an online booking system.
  • The business assets alone are around the 300K mark.
  • List of assets available on request.

3. BUILDING INFORMATION.

Recently refurbished with a brand new roof, this provides more light during day time. Brand new metal panel walls with insulation in-between, ensuring better thermal efficiency of the venue. There is a fully redone drainage system at the front and the back. It means that during heavy rain, no water will come inside.

4. LEASE INFORMATION

  • Leasehold: £73200 including VAT per annum - paid monthly.
  • Free of tie lease!
  • Service charge: £9567 including VAT per annum - paid monthly.
  • Utility Bills: £200-500 PCM.

5. BUSINESS RATES

The business is eligible for a 67% discount on £21000.

6. FINANCIAL DETAILS

The business has traded steadily over its long trading heritage excluding, the past Covid19 pandemic lockdowns.

7. STAFF

The business currently has been operated by two people during weekdays and 3 to 4 people on weekends.

8. REASON FOR SALE

This opportunity has become available due to the desire to retire and other business commitments and therefore the business has been placed on the open market at this appealing price point.

Viewing by appointment only

Please, contact me for more information.

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Key Features

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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