 | REDUCED Amusement Arcade Taunton, Somerset, United Kingdom Advert ref: 2163 FINANCIAL DETAILS | Asking price: £81,950 Sales revenue: Undisclosed Net profit: Undisclosed Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | A long established amusement arcade which has operated from the same premises for many years, the owners have chosen to operate with a ‘family entertainment’ license which limits the size of machine payouts (max £8) but oes not restrict customers to over 18’s. By following this business model they attract customers from the whole of the age spectrum; the pool tables are particularly attractive to the younger customers. The business has many regular customers.
The machines are fairly modern and all in good working order and compliant with current regulations.
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GENERAL INFORMATION | Years established: many
Employees: 1
Trading hours: 7 days to suit
Property: Leasehold
Lease terms
There are 10 years remaining on the lease; the current rent is £16,500 pa with 4 yearly reviews and payable quarterly in advance. We understand that this is a full repairing lease and is not subject to a rental bond.
Living accomodation
3 bedroom spacious accomodation with seperate access; private parking.
Location
Whilst in a secondary location within the town centre, the business is situated in a well known and popular location and very accessible from the main shopping area. There is some local competition but mostly they are geared towards adult clients.
Expansion potential
Movement into over 18's market and higher value gaming machines.
Competition / Market
Others in the town
Support & training
Handover
Reasons for selling
Retirement
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The Business Partnership - Avon, Somerset, South Gloucs, Wiltshire | | | |
