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Baker Payne are pleased to offer For Sale the Leasehold of this superb little children's soft play business, the Play Castle, TA21. Recent price reduction owing to vendor's other pressing business interests.
Opened just over 4 years ago, and recently starting to turn profit is this modern recently fitted children's soft play centre and social hub for young families. Aptly named the Play Castle owing to its knights of the realm theming, there was a large capital expenditure at the point of set-up, on new play equipment including the castle climbing frame itself, operational fixtures & fittings, kitchen and back office areas, and the entire presentation of the unit. (Current asset value circa £38,000) Adjusted net profits are in the region of £15,000 pa, 2017 from LTD company accounts, with 2018 imminent and expected to have increased in all areas.
FLEXIBLE LEASE TERMS BY NEGOTIATION
This business has grown very quickly from a standing start, generating turnover in the region of £60,000 per annum (reported) with notable annual growth and consistency. Locally renowned for general children's soft play and leisure, birthday parties and functions, the business has largely grown organically from word of mouth, social media, local family toddler groups and socials, with very little in the way of marketing and advertising costs being spent at all. Clientele is attracted from a 20 mile or so radius at least.
Although an already successful business much popular than some of its local competitors, there is plenty of room for scope and growth, or potential change of use to a day nursery, creche, holiday and breakfast club or similar, with large demand for all these services locally.
Situated on a popular, busy, and recently upgraded business park amongst other local and complimentary businesses at Chelston, on the outskirts of Wellington, Somerset, with Taunton circa (7) miles in the opposite direction. Chelston roundabout is focal point just off junction 26 of the M5 motorway adjacent several new developments both commercial and residential, including the popular and recently constructed Sky Lark Marstons pub and hotel, as well as West Park. Play Castle bounces well of the passing trade from the adjacent trampoline park.
Mainly open plan the unit benefits, entrance vestibule with large reception and security gate, staff office and ancillary areas, stainless steel trade kitchen with extraction plus dry stores and galley. Main floor with ladies, gents, disabled WC provision, VIP / Birthday area with roller shutter door leading to small picket fenced outer section. Main climbing frame, further soft play equipment, and toddler play section. Plenty of free standing fixtures and fittings to include dining tables and chairs, in all circa 2600 SQFT.
Outside there is plenty of designated parking, and a bike/cycle shelter. The premises are well maintained and appointed.
We are advised that the business tenure is leasehold, held on a 3 yearly renewable lease term subject to an annual rent of £15,000 pa. with 3 yearly reviews. FRI lease. Lease term is negotiable with landlords.
Business rates have been greatly reduced to £3159 per annum at present, from £8500 pa. Food Hygiene Rate 5 | EPC Rated D
General Opening Hours | Further interesting information can be found on their extremely busy, locally renowned, and very liked Facebook page.
(Please keep in mind early closure some days, due to private parties.
Mon, Tues, Wed: 9:30am – 4:00pm
Thurs, Friday: 9:30am- 5:00pm
Sunday: 10:00am – 4:00pm
Mon – Sun: 10:00am – 4:00pm
Average Prices being charged at the present time. There is also the benefit of a typical child and adult easy operation food menu, plus hot cold beverages.
Adults & Under 1’s: Free
1-3 years: £3.50
4 years: £4.50
Childminder group: £2.50 per child
3 Yearly Renewable Lease with 3 yearly reviews.
£15,000 per annum
Chelston, Wellington, Somerset
Other business interests locally.
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