Business description

LEASEHOLD SEA FRONT AMUSEMENT ARCADE Amusement arcade situated on a very busy and popular sea front opposite one of the main car parks. The arcade has two floors with the first floor currently not used. During 2005 we are informed that £70,000 was invested in new machines. There is also a small cafe area at present, however the asking price does not include the catering equipment, this can be negotiated separately if required. TENURE: Leasehold Legal Fees: Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease. Equipment: Included in the sale price is 32 slot/cash machines, 3 pool tables, and several relatively new machines including Title Fight, Ghost Squad, grab machines and coin fall machine. Turnover: We are informed that the annual turnover is approximately £55,000.

Property information

Property:

Freehold

Lease terms:

Tenure: A new 5 year lease is available with rent commencing at £35,000 pa.

Location:

Property: Ground floor area of approximately 2,200 sq ft including slot machines, pool tables etc., and small cafe area/counter. Tables and chairs outside on the pavement. Store room, disabled toilet and exit to car park. First floor of approximately 2,250 sq ft currently just used for storage, but would make an ideal pool room area.

Other information

Reasons for selling:

The vendor has other business interests on the south coast and cannot continue to manage both.

Trading hours:

8.00 am to 5.00 pm Monday to Friday, 9.00 am to 4.00 pm Saturday.

Financing available:

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.