Property Title: Childrens Play Gym & Cafe In Buxton, Derbyshire

Property Type: Other

For Sale / Sold: Sold

Date Posted: 31 Oct 2018

Location: Buxton, Derbyshire

Guide Price: £54,995 Open to offers (Leasehold)

Property Agency: Abacus Day Nursery Sales

Reference: 6376

Description

Children's Play Gym & Cafe In Buxton, Derbyshire

Ran With Management In Place
• Annual Turnover £113,750
• Gross Profit £95,000
• Recently Installed Sensory Room
• Customer Seating For 80
• Large Car Park With Approx 40 Spaces
• EPC - C

Leasehold: £54,995 Open to offers

REF 6376 LEASEHOLD CHILDREN'S PLAY GYM Blacks Business Brokers pleased to present to the market Little Rascals Play Buxton Limited, an exciting children's Play Gym which primarily caters to pre-school and junior school children and their parents.

INTRODUCTION
There has been a play gym operating from this location for nearly ten years and over that period, parents in and around Buxton have become aware of the play centres exceptional facilities, easy-to-access location and good parking. The business is therefore presented to the market with a growing database of parents and a high profile within the area. As well as opening 7 days a week, the business is now developing a reputation for hosting children’s parties, which are usually catered for in the evenings or weekends and they provide sole hire at weekends from 4pm til 6pm and this may well be a specific area that new owners will want to consider developing further still.

LOCATION
Little Rascals is situated on the outskirts of Buxton on a commercial trading estate. The unit from which the business operates forms one of three units with its own extensive car park. Other units include a fitness gymnasium and consequently the two businesses complement each other perfectly. The commercial unit is a single story purpose-built commercial unit and fields an open plan play area and coffee shop area. Supporting the plan area is a coffee shop as well as W.C’s and a sensory room.

REASON FOR SALE
The business was bought through Blacks Business Brokers four years ago by two business partners, one of whom is a sleeping partner, whilst the other takes a hands on role in the running of the business. It is this commitment that can no longer be provided by our vendor and as a result, our vendors have decided to sell the business.

LEASE
The property is held on a six year, fully repairing and insuring lease which was signed in 2014. Rent reviews at three year intervals and the lease is covered by the 1954 Landlords & Tenants Act. The landlord is the local authority.

BUILDING LAYOUT AND DESIGN
This is a single-storey commercial unit which forms one of three businesses set in their own grounds with extensive parking. The unit itself is triple fronted with a secure main entrance with an intercom facility. The main play area is open plan. As well as the children’s play frames and climbing frames, there is a coffee shop area for parents with approximately 80 customer seats which is catered for by a coffee bar and servery. Tables and chairs are independently stationed and there are also four settees set around two coffee tables creating an especially relaxed area for parents. There is also a sensory room and WCs

STAFF
The business is operated by one of our vendors and supported by three part-time employees, of which one is also a Weekend and Assistant Manager.

FINANCIAL DETAILS
Accounts available for year ending 2017 and show annual turnover of £113,750 with a gross profit of £95,000. Earnings before interest taxation depreciation Amortisation and directors salaries £24,000

BUSINESS RATES
£9,175 pa

SUMMARY
This is an established business with a growing database of customers and one which has an excellent niche in the market place, catering as it does for preschoolers and children under eleven. The coffee shop area presents a relaxing and convivial environment from which parents can enjoy an excellent cup of coffee whilst the children play and the development of the business as a venue for parties is carrying on a-pace. The business now presents an excellent platform from which to be developed. This is an outstanding opportunity for an owner operator who can be involved in the day-to-day running of the business.