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Childcare Facility for sale

Freeman Way, Ashington, Northumberland, NE63

Sold STC £80,000

Property Description

Commercial information

  • Business for sale

Key features

  • Popular indoor adventure soft play centre for baby to 12 years
  • Turnover 2015 £175,704 EBITDAR £42,054
  • Est for over 13 years by the current owner
  • Attracts large number of tourists due to coastal location **** PRICED FOR QUICK SALE ****

Full description

Tenure: Leasehold

DESCRIPTION
Banana Beach is a popular indoor adventure soft play centre and childrens party venue. The business was established by our clients 13 years ago and have now chosen to place the business on the market due to other business commitments. The Buisness is currently turning over £185,000 and we have been advised that there is potential to increase the turnover by raising entrance fees as there has been no price increase since 2009. The sale of Banana Beach oers buyers with an excellent opportunity to purchase a well established and protable soft play centre.

REGISTERED NUMBERS
Suitable for children aged from birth through to 12 years old and up to a maximum of 130 children at any one time.

ENTRANCE FEES
£3 - 2 hours play under 2 years
£4 - 2 hours play over 2 years old.
Last fee increase was 5 years ago.

FEE INCOME
Current records and accounts can be inspected after viewing.

EBTDAR £42,054

STAFF
Operated under management with 2 managers plus full/part time staff.

PROPERTY
The business premises occupies a large purpose built unit located within an industrial estate. The premises oer exible arrangements making it easy to change the layout of the centre. Toilet facilities as well as baby change facilities are available and a food warming service is offered. There is also a highly lucrative and popular café serving a selection of drinks and freshly prepared homemade food daily. It should also be noted that the café achieved an outstanding rating in a health and safety check and currently holds a 5* food hygiene rating. Free parking is available externally.

CHILDREN'S AREA
Banana Beach is well presented with bright attractive play equipment with a completely separate area for the babies and toddlers up to 2 years old. The play equipment which oers something for children up to the age of 12 includes impressive and challenging play frames, ball pools, play toys and slides as well as an inatable slide and bounce area. Banana Beach oers 3 party packages to suit all budgets including a play only option. Party meals are served in the party room which is brightly decorated and can accommodate a maximum of 35 children.

RESIDENTIAL
ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that the property is held on a 7 year lease which commenced in 2001. The annual rent is £20,000 exclusive (correct as advised on (23/5/14). Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verication.


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