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FOR SALE
292850
B06834 / Rightbiz
Business
Please quote reference B06834
CoGoGo are delighted to bring to the market an extremely highly rated and popular entertainment suite located within the West Midlands. The business was established by our client in 2019 after a full renovation of the premises the business commenced trading in early 2020. Only now does the business come to market as our client is looking to relocate.
The business currently trades 7 days a week.
The business has an excellent reputation, benefiting from an abundance of word-of -mouth recommendations and repeat custom.
Reasons to purchase:
We feel there is Scope to Improve:
Very rarely do such well known and exciting business ventures like this come to the market, therefore early Viewing Is highly recommended.
Location
The business is based within the West Midlands.
Bus routes are mainly operated by National Express West Midlands which accounts for over 80% Of all bus journeys.
Premises
The business has excellent eye-catching signage.
Each room is styled and designed with bespoke décor and lighting, creating the relevant atmosphere for each experience.
Tenure
We are advised the business is being sold on a Leasehold basis with 4.5 years remaining on the Lease, the rent is £1,000 per month.
Hours
The business trading hours are as followed:
Monday to Thursday: 10:00am - 20:30pm
Friday to Sunday: 10:00am - 22:00pm
Staff
The business is run and managed by 1 full time and 4 part time staff members.
Financial Profile
We are advised the business generated a turnover of circa £100,000 as of the last 6 months with an annual net profit of £87,000, further financial information can be made available upon request.
Please quote reference B06834
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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