Leisure/hospitality for sale in Barrow In Furness, Cumbria LA14

£45,000
Leisure/hospitality for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Laser Quest/ Escape Room Franchise over 10,000 Square Feet
  • Prominent and accessible town centre trading position, Parking Facilities, Popular destination for Parties & Activities.
  • Advised Turnover circa £125,000 (operated under management), fantastic growth potential
  • Well presented single storey lock up unit, valuable equipment, ideally suit owner operator

Property description

Reference - 45390

Description
This is a rare opportunity to acquire a Laser Quest & Escape Room franchise which is situated in the bustling Cumbrian town of Barrow in Furness.

The business is ideally located on the periphery of the town centre amongst an abundance of commercial and retail premises just a short walk from the bus and train stations with the major commuter routes close at hand.

The business therefore attracts high levels of regular repeat and passing trade throughout the day.

Since trading commenced in 2016, the business has quickly established a loyal following within the town boasting an extensive and loyal customer base.

This Laser Quest & Escape Room franchise operates from a substantial and highly visible single storey commercial unit which has been carefully converted and extensively refurbished providing a bright and welcoming environment.

This successful and lucrative business is run entirely under management and therefore offers fantastic scope for growth and development.

With this in mind, the business represents an ideal purchase for an ambitious and energetic local operative who can exploit the true potential for improvement which will significantly increase the turnover whilst enabling additional overheads to be kept to a minimum therefore enhancing overall profitability.

To fully appreciate this exciting opportunity, viewing is highly recommended to avoid disappointment.


Turnover


Advised circa £125,000.00

Accounts
Current records can be inspected when viewing.

Trading Hours
Monday - Tuesday Closed
Wednesday – Friday 12:00 – 20:00
Saturday & Sunday 10:00 – 20:00

Staff
Operated under management with 1 full & 3 part time staff.

Building External
The substantial and highly visible commercial unit provides spacious and versatile ground floor lock up business accommodation.

Building Internal
The welcoming ground floor accommodation has been superbly refurbished throughout with vibrant décor and quality fixtures and fittings.

The building comprises over 10,000 Square Feet: A reception area, party room, dining area, 4 themed escape rooms of varying difficulty, laser quest experience and briefing room, toilet facilities. Externally there is a car park opposite the building.

Sales
Advised circa £125,000 per annum.

Residential
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is held on a 10 year lease which commenced in 2016. The annual rent is £24,000.00 Per Year but the Landlord has agreed to Cap the Rent at £12,000.00 for the first 4 years for the new buyer (correct as advised on 23/03/17). Rent reviews are at then at 5 yearly intervals with a 5 year break clause.

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

Summary
To fully appreciate this rare and exciting business opportunity, viewing is highly recommended to avoid disappointment.

Arrange Viewing

For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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