Ref 6801 – Leasehold Soft Play Centre
Blacks Brokers are pleased to bring to the market this leasehold soft play centre located in a well populated area of Bar Hill, Cambridge.
Whale Of A Time has been trading on Viking Way since 2008. Our client took ownership in 2014 after previous employment here. The business is very well known and has an excellent reputation with a large base of regular customers, a five star hygiene rating and fantastic reviews noted on Facebook, Google and Trip Advisor.
The business is positioned in a commercial area of Bar Hill close to a large residential community, primary school and large multiples such as Tesco. The area is well linked by the A14 with good public transport links and there is free parking available immediately outside. At present there is a new town development being built just 10 minutes from the business which will bring the addition of a new school/nursery and lots of residential housing which will hopefully bring additional footfall to the business.
The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments and busy home life, it is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rate on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a ten year lease that began in 2014. This runs at a cost of £346 per week inclusive of VAT.
The business is currently operating with seven members of part time staff in employment supporting our client working on a full time basis.
Whale Of A Time has traded well during the last eleven years. The accounts year end 31st May 2018 show the business has annual turnover of £141,518 with gross profits of £113,551. Full financial details are available upon viewing.
This leasehold business occupies a superb trading position and has an enviable reputation and trading history. There is plenty of scope to develop the business further with the introduction of after school opening and offers for the local primary schools – a strong marketing campaign to help this along could be very beneficial. There is also potential to offer exclusive hire of this centre for larger parties. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £50,000.
Please quote ref: 6801