Leisure/hospitality for sale in Front Street, Framwellgate Moor, Durham DH1

Leisure/hospitality for sale
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Property description

Please quote reference B06378

Hilton Smythe is delighted to welcome to the market Razzamataz Durham. An extremely highly rated and popular Theatre School located in the heart of Durham.

The franchise was created over 21 years ago with our client embarking on the opportunity in 2014. Only now does the business come to market as our client is looking to move onto another venture. Razzamataz offers classes for children ages 2 – 18, each class has between 16 and 25 placements.

The sale of the business includes -

  • Website

  • Client base of previous and current pupils

  • Handover period

  • Ample props including disco lights, microphones, speakers, crafts, costumes, etc.

The custom comes from the company website, franchise, word of mouth and repeat trade with many of the pupils returning each season.

The franchise achieved national recognition in 2007, after appearing on Dragons Den.

The business is run by our client, with the help from 6 part time staff members. Working hours are flexible and our client completes business admin in their chosen time. Some of these tasks can be outsourced. Our client chooses to be present front of house during classes, however, this is optional.

Excellent reviews - we have 100% 5 star reviews

Reasons to purchase

  • Well established, with excellent reviews

  • Hand over period offered

  • A theatrical background is not required as head office provide full training

  • Future bookings in place for 2022

Our client advises the perfect handover time would be January after the rush of Christmas. However, this could be done before.

The client carries out business admin from their home office and classes are delivered through rented space at The Sjovoll Centre.

Relocatable opportunity - The business has the opportunity to relocate within franchise territory.

Our client currently rents space at The Sjøvoll Centre, which is charged at a daily rate and invoiced monthly.

We are advised that the business is being sold on both a Leasehold or Business Only basis.

'The business receives enquiries 24/7, through their online platforms.

We are advised that the business is owner run and managed, with the help of 6 part-time members of staff.

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £95,000, with an adjusted net profit in the region of £45,000. Full financials can be made available upon further request.

Please quote reference B06378

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For more information about this property, please contact
Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales 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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