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Commercial Property for sale

Ladies Walk, Workington, Cumbria, CA14

Fixed Price £165,000

Property Description

Commercial information

  • Business for sale

Key features

  • Exceptional Children's Activity/ Play Centre
  • Prime trading position, truly enviable reputation, awarded a certificate of excellence by trip advisor
  • Turnover £260,067 per annum (y/e 28.02.15)
  • Immaculately appointed, valuable modern equipment Priced for quick sale - genuine reason

Full description

Tenure: Leasehold

DESCRIPTION
This is a rare and exciting opportunity to purchase a superbly children's activity/ play centre situated in the bustling and ever popular town of Workington, which lies on the West Cumbrian coast.

Funtastic occupies a prime trading position at the heart of the town centre amongst major retailers and well known high street stores, with ample parking facilities in the adjacent vicinity.

The major commuter routes are close at hand and the business is not only popular with parents who shop within the town, but is also ideally placed for the neighbouring towns and villages attracting customers from throughout the West Cumbria area.

Funtastic has successfully operated in the town since 2009 and during this time the business has earned a truly enviable reputation boasting an extensive and loyal customer base with regular referrals and recommendations.

Funtastic operates from a substantial and highly imposing modern centre. The business is also located above a Wilko store and an Opera Bingo on the floors below.

The premises is immaculately appointed throughout offering spacious and versatile business accommodation.

Funtastic is an exciting day out offering something for children of all ages including a separate area for the younger ones, two impressive play frames, bouncy castle as well as being a popular party venue.

There is also a highly lucrative 150 cover Cafe which was recently awarded a 5 star scores on the doors food hygiene rating. The café serves a selection of soft drinks, teas, coffees and homemade hot and cold meals and snacks from an extensive menu.
Funtastic is a thriving and highly lucrative business which would ideally suit an ambitious and enthusiastic owner who can continue to exploit the genuine potential for future growth and continue to drive the business forward. This will naturally increase the already impressive turnover whilst also enhancing overall profitability.

To fully appreciate this first class business opportunity, viewing is highly recommended.

TURNOVER
Available accounts are to year end 28th February and are summarised below:
2015 - Fees £260,067

STAFF
Managed by the owners with full/part time staff.

PROPERTY
The modern and substantial commercial premises offer spacious and versatile business accommodation which is an ideal environment for a children's play centre.

TRADING AREAS
The main open plan play area is immaculately presented and extensively equipped with vibrant décor creating a bright, stimulating environment.

The play area houses two challenging and exciting play frames with a dual lane astro slide, 9 meter double twister, large ball cannons and bouncy castles.
There is also a separate soft play area for children under 3 years of age.

There is a party room which can accommodate up to 50 children and a thriving café area with seating for approximately 150 people offering a selection of freshly prepared food and drinks.

The Café is served by a well appointed commercial kitchen which has an extensive range of excellent quality, valuable modern catering equipment and was recently awarded a 5 star scores on the doors hygiene rating.

The business has ample toilet and storage facilities.

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

TENURE
The vendors have been in communication with the landlords who have advised verbally that they are prepared to grant a new lease to approved candidates at an initial rent of £25,000 per annum. Other terms to be negotiated.

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


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