Asking price: £200k < 500k

Sales revenue: £500k < 1m

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
High gross margins, great reputation, fantastic location, some pre-arranged funding available to supplement a well funded buyer.

This 12,000 square foot licensed family restaurant, play centre and party venue sited within the Lakeside Shopping Centre has capacity for 450 guests.le to supplement a well funded buyer.

Well equipped kitchen, quality fit-out, soft play and climbing area, 40 token operated games and rides, mechanical animated entertainment show, CCTV, 10 large plasma TV’s, separate staff kitchen and toilets.

At this restaurant parents and children can eat together in an environment designed for a new experience in family fun. Food is freshly prepared on the premises every day from the highest quality ingredients. Pizza dough is mixed in the kitchen to serve fantastic pizzas and chicken meals are grilled and made from 100% fresh produce.

The entertainment experience is truly unique. With 40 token operated games and rides there’s something for children of all ages. Classic units such alley bowlers, basketball hoops and air hockey sits alongside brand new video offerings and live motion machines all targeted at children. There are no violent games or traditional arcade offerings to spoil the environment and the redemption games allow our young customers to go away with prizes.

There’s a soft play area for younger visitors and a live animatronics show. The show is a one of a kind experience with three characters singing, dancing and joking their way through over one hour of live entertainment.

Professional revenue generating website with registered user base and multiple revenue streams.

Years established: 1.5

Employees: 12 fte's

Trading hours: 10am to 9pm

Property: Leasehold

Lease terms
Low rental terms agreed for next 30 months with option to roll into a long lease at any time.

Location
Sited within the Lakeside Shopping Centre forming part of the recently redeveloped Boardwalk.

Expansion potential
The growth potential is very significant indeed. The business model is ideally suited to the roll out of additional units either company owned or franchised. Ideally suited to someone looking to enter the market with a head start or an established operator looking to expand a portfolio.

Competition / Market
There are no other playcentre / party venue operations in the Lakeside Shopping Centre and competition is limited to partial offerings.

Support & training
Full handover support and training will be provided if required and some directors are willing to remain with the business perminenetly if that is also a requirement.

Reasons for selling
The directors have other business interests which require attention and feel that this business could benefit from closer attention from someone with relevant market experience or at least fulltime focus. It is however with some reluctance that the directors leave the business and they would be open to discussion with any new owner to play some role in the future.

Financing available
pre-agreed equity funding is available to a well funded buyer. The business has significant unencumbered assets that may also be leveraged.

Related website: www.hannah-banana.com

Related documents

		General Brochure

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