Reputable Entertainment Venue For Sale

Business
Please quote reference B06834

CoGoGo are delighted to bring to the market an extremely highly rated and popular entertainment suite located within the West Midlands. The business was established by our client in 2019 after a full renovation of the premises the business commenced trading in early 2020. Only now does the business come to market as our client is looking to relocate.

The business currently trades 7 days a week.

The business has an excellent reputation, benefiting from an abundance of word-of -mouth recommendations and repeat custom. 

Reasons to purchase:

• A new and expanding business with an outstanding reputation
• Little to no competition locally.
• Ideal owner managed or partnership business.
• Current owner is happy to offer a handover to ensure the continued success of the business.
• A real Lifestyle business offering an ambitious new owner the opportunity to work in an exciting and upbeat atmosphere.
• Low overheads
• Well trained and entertaining staff in place

We feel there is Scope to Improve: 

• Maximising the use of social media
• Undertaking a robust advertising and marketing campaign to highlight the business

Very rarely do such well known and exciting business ventures like this come to the market, therefore early Viewing Is highly recommended.

Location
The business is based within the West Midlands.

Bus routes are mainly operated by National Express West Midlands which accounts for over 80% Of all bus journeys.

Premises
The business has excellent eye-catching signage.

Each room is styled and designed with bespoke décor and lighting, creating the relevant atmosphere for each experience.

Tenure
We are advised the business is being sold on a Leasehold basis with 4.5 years remaining on the Lease, the rent is £1,000 per month.

Hours
The business trading hours are as followed:

Monday to Thursday: 10:00am – 20:30pm

Friday to Sunday: 10:00am – 22:00pm

Staff
The business is run and managed by 1 full time and 4 part time staff members.

Financial Profile
We are advised the business generated a turnover of circa £100,000 as of the last 6 months with an annual net profit of £87,000, further financial information can be made available upon request.

Please quote reference B06834