Location
The business is located on West Avenue which lies just off the High Street in the heart of this affluent suburb 2 miles north of Newcastle.
Business
This business was originally established by our client in early 2011 and operated from the nearby shopping centre before moving to the current premises in November 2016. The business has been placed on the market as our client’s personal circumstances have changed.
The business operates from spacious premises and can therefore offer a broad range of services which includes traditional soft play with an integrated café and an after-school club. This club is particularly popular and is a valuable asset of the business and currently offers 40 places. The business is OFSTED registered which gives parents the peace of mind that the facility is fully compliant.
The business offers private party facilities and has a monopoly position in Gosforth. There is an additional room within the premises that could be used as a bespoke coffee shop for non-soft play customers.
We see the business as an opportunity for either a couple or a family partnership to operate and grow with genuine potential for motivated new owners.
Premises
Comprise a self-contained detached former Church Hall forming part of an attractive residential street.
Ground Floor
Premises offering an extensive soft play area with integrated coffee shop, separate party room, dance studio, kitchen and office plus toilet facilities.
Trading Hours
Mon – Fri 9am – 3.00pm then 3.15pm – 6.15pm
Sat & Sun 9am – 3.00pm then 3.15pm – 5.00pm for private hire.
School Holidays
Mon – Fri 9.15am – 4pm
Staff
The business is operated by our client with 1 full time and 10 part time members of staff.
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £34,000
Tenure
A new 10 year FRI lease is available at a rent of £32,000 plus VAT. There will be break clause and rent review provisions at the 5th anniversary. Further details on application.
EPC
Rating C.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
