Well Equipped Adult Gaming Centre For Sale - West Midlands, West Midlands, United Kingdom

Asking price: £85,000

Sales revenue: £130,000

Business description: Impressive and spacious premises with electric shutters, burglar alarm system. Approx. 3,000 sq. ft. all newly fitted, carpeted, suspended ceiling, air conditioning.55 Gaming Machines. (4 machines licenced for £500 payout, 7 machines licensed for £25 payout, balance of machines £5 payout). Thomas change machine. Drinks machine providing free drinks, in addition sandwiches are provided for customers.To the rear of the property is a rear area providing smoking area for customers

Employees: At present staff operated. 2 staff employed.

Trading hours: Monday - Saturday inclusive - 9 a.m. - 8 p.m. NO SUNDAY TRADING It will be appreciated upon inspection that there is potential for additional opening hours.

Property : Leasehold

Lease terms: We understand the entire premises are held on a secure renewable lease, the present lease having approximately 10 yeas unexpired at a rental of £30,000 p.a. exclusive of rates for the next 5 years, with rent to be agreed thereafter. As will be appreciated with the present rental income from the 2 flats over, the net rental payable at the present time is £21,680 p.a. exclusive of rates. Uniform Business Rates: £9,000 p.a. approx. RECOMMENDED FOR EARLY INSPECTION

Living accomodation: Included in the lease are 2 SELF CONTAINED FLATS over, each comprising: 2 Bedrooms Bathroom with bath, w.c. and wash hand basin Lounge Kitchen. The 2 flats over are at present let on shorthold tenancies and provide a total rental income of £160

Location: Situated in a parade, densely populated residential area, WEST MIDLANDS

Expansion potential: WE ARE INFORMED the turnover averages £2,500 p.w. in our opinion offering further development in the right hands.

Reasons for selling: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Financing available? SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.