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Businesses for Sale

2 Children’s Soft Play/Activity Centres

Ref. CO184

Location : Ireland

Asking Price : £495,000 Incl. stock/equip

Turnover : £604,000

Net Profit : £90,000

Gross Profit : £500,000

EBITDA : Undeclared

Net Asset : £300,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Premises : Both Leasehold.
Turnover: £604K (forecast 2019).
Gross Profit: £500K (forecast 2019).
Net Profit: £90K (forecast 2019).
Net Assets: c£300,000

Introduction:

Turner Butler has been appointed to invite offers of purchase of the goodwill and assets of a company that operates 2 large child’s soft play/activity/indoor adventure centres.

Business Profile

The business for sale includes 2 large child’s soft play/activity centres.

Location 1 was established circa. 2008 and boasts large play frame, baby & toddler section, go karts, 5 aside football pitch, party rooms and café.

Location 2 only established in 2018 expects to see continued growth and also boasts large play frame, baby & toddler section, go karts, party rooms and a café.

Equipment:

All equipment included in sale. The current value of the equipment is c£300,000.

Key strengths:

Businesses are situated in two good locations. Business 2 located closed to bus station.

Positive trading history of one location. Other business just established in second location.

Positive and certifiable evidence of profitable trading activity.

2 good websites with online booking facility.

Facebook pages (location 1 with over 7,000 likes/followers and location 2 with over 3,500 likes/followers).

Good scores on Google reviews.

Key Opportunities:

Opportunity to increase customer base, e.g. after schools clubs, older children.

Location 2 only recently established- opportunity to increase profitability as business becomes more well-known and customer base increases.

Asking Price:

The Asking Price of £495,000 is for the Goodwill and Assets of the company. The Assets are estimated to be worth c£300,000.

Advertising and Marketing:

2 good websites. Both have online booking facility.

Facebook pages (location 1 with over 7,000 likes/followers and location 2 with over 3,500 likes/followers).

Growth and Expansion:

Opportunity to introduce after school clubs.

Expected sales increase of £120K per annum for location 2 (only recently established).

Potential to rebrand café’s in both locations to leading franchises e.g. Costa, Starbucks, Bob & Berts.

Target schools and groups for larger group bookings.

Extend opening times and target older children.

Introduce laser-tag parties (insurance already approved).

Premises:

Location 1:

Leasehold. 15 year lease signed 2008.
Circa. 14,500 ft².
Rent: £60,000 P.A. + VAT.
Rates: Circa. £45,000 P.A.
Toilets (ladies, gents & disabled).
Separate café.
Rear roller shutter access for large deliveries.
4 Fire evacuation points.
4 separate storage rooms.
Mezzanine flooring for extra seating and larger group/party bookings.

Location 2:

Leasehold. 10 year lease signed 2018.
Circa. 9,500ft².
Rent: £25,000 P.A. + VAT. (Increases yearly).
Rates: Circa. £11,000 P.A.
Toilets (ladies, gents & disabled).
Separate café.
2 Fire Evacuation points.
4 separate storage rooms.
3 separate themed party rooms.
Located close to bus station.

Business Hours:

Location 1:

Monday – Sunday: 10am – 6pm.

Location 2:

Monday – Saturday: 10am – 6pm.

Sunday: 12pm – 6pm.

Security:

Shuttered premises.

Alarmed.

Employees:

2 directors.

Manager over both centres. 5 days per week.

Location 1: 16 staff.

Centre Manager- 5 days per week.

Assistant Manager- 5 days per week.

2 cooks.

9 Part-time casual staff.

Location 2:

Centre Manager- 5 days per week.

Assistant Manager- 4-5 days per week.

5 part-time casual staff.

Cooking duties shared with management and full-time staff.

Support and Training:

The vendors would be happy to stay and provide training for an agreed handover period.

Reason for Sale:

To focus on other business activities.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk