Originally established in 2002, this business lay empty for 2 years before being acquired by the present owners in October 2009. Since then, through vision and hard work, they have built the business to an impressive turnover of £500,000, in very little time and there is no doubt that the business is continuing this exceptional growth pattern. Unfortunately the focus of the owners has shifted recently due to family commitments and they have taken the reluctant decision to place this exceptional business on the market. The business caters to local children, from baby to 8 year old and offers them a fabulous adventure playground and party facilities for birthdays etc. Parents can either relax and watch in easily accessible relaxation areas, while enjoying free WiFi facilities, or join their little ones on their adventures. All are catered to with the onsite cafe, offering hot or cold food and drinks. There is also a dedicated and separate area for toddlers to enjoy their own safe facilities. Since starting the party business and tasking one dedicated member of staff to this, the party side of the business of has been growing extremely well and has resulted not only in additional business, but strong forward bookings for several weeks and months in advance. This has, in fact, become a superb growth area for the business and attracts ever more customers for the play center itself. All of the equipment is in extremely good repair and state, being all fairly new, whilst the building itself not only looks good, but offers a warm and welcoming feeling to all customers. However, security of access and exit has been looked at carefully and systems installed to ensure all areas are safe and secure.
Property Features and Assets
The business is located in a busy and highly populated town in North Hampshire/Surrey, with plenty of their own parking and operates from a 10 year renewable lease, expiring in 2019, with 5 yearly rent reviews and a current rental of £75,000 per year.
Market Competition and Expansion
The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation
Reason for Selling
Due to the Owner's family issues
This is not a distressed business or bankruptcy situation.
This is not a franchise resale opportunity.
This is not a homebased business opportunity.
The owner is willing to train/assist the new owner.
The property is leased.