Leasehold Children's Entertainment Venue Located In Coventry
Soft Play Centre / 6 Seater VR Machine / 3 Horse Carousel Ride
VIP Nightclub / Digital Photo Booth / Music Recording Studio
5,000 SQ FT & Comes With An Array Of Plant & Equipment
Ref 2885

Location
This respected Children's Entertainment Venue is located in Spon End, Coventry. Situated on The Arches Estate which is set back off the Allesley Old Road (B4106). Coventry city centre is within (1 mile).

Asking Price £59,950

Business Description
Veritas Business sales are privileged to offer to the market this established Children's Entertainment Venue which is located in Coventry. The premises were transformed into what you see today by our clients back in 2012 and they are now offering the business for sale so that they can concentrate on other projects.
Since ownership they have refurbished, redecorated and made considerable investment in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Studio Megastar is operated with very little input from the owner and mainly operates with a team of 6 part time members of staff. Turnover for year ending 31st January 2023 was £187,993 with a GP of £148,846 and the venue has to be seen to appreciate what's on offer. The ultimate children's part venue which is only just scratching the surface. The website gives you a tour of full services
We believe that there is further potential to increase revenue should you wish. Just 870 parties were booked over for the last 12 months by owners choice due to other business commitments. By implementing an advertising and marketing campaign these numbers could double. They have a strong reputation within the local community and beyond and enjoy a high level of regular and repeat trade. This is a superb opportunity to purchase a turnkey business where all the hard work has been done and is a great base to build upon and as such early viewing is highly recommended as this is gem is not to be missed.

Opening Hours
Monday - Sunday - 9:00am - 10:00pm

Leasehold
Term : 10 years
Remaining: 8 years
Rent: £36,000 pa
Business Rates: zero

Ground Floor
General office.
Storeroom with storage racking, table and wall mounted wipe board.
Commercial kitchen with undercounter freezer (Fridgemaster), 2 x upright stainless steel fridges (Polar), electric oven, stainless steel table, worktop with sink drainer, kitchen wall & base units, microwave (Swan), undercounter fridge (Bush) and insect zapper. Waiting/hold room.
Magical party room with photo booth, adult seating area with fridge, table & chairs. 3 horse carousel ride, 4 x picnic tables, soft play area and nightclub room with wall, floor and ceiling lighting and sound system.
W/C with wash basin baby change, wall mounted mirror, wall mounted soap dispenser and wall mounted hand dryer.
Magical party room 2 with nightclub room with wall, floor and ceiling lighting and sound system. Soft play centre with tables & chairs and photo booth.
Staff changing room.
Staff W/C with wash basin.
Storeroom with mezzanine floor for addition storage.
Kitchenette.
W/C with wash basin baby change, wall mounted mirror, wall mounted soap dispenser and wall mounted hand dryer.
Green screen music recording studio with video camera.
Editing suit to service the green room. VR Room with state of the art 6 seater VR machine
(Funin) which has nearly 100 ride options.
External
Side parking for (8). The estate has overspill parking areas.

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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