| (REF: M2788) Well Equipped Licensed Amusement Arcade |
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| Seller Reference: |
M2788 |
| B4S Reference: |
09259 |
| Asking Price: |
£49,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£72,800 |
| Number of Staff: |
4 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
West Midlands County, the West Midlands, United Kingdom |
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Nationwide are pleased to offer to the market : Impressive and spacious premises with electric shutters, burglar alarm system. Approx. 1,500 sq. ft. all newly fitted, carpeted, suspended ceiling, air conditioning.
25 Gaming Machines. (2 machines licenced for £500 payout, 5 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
WE ARE INFORMED the turnover averages £1,400 p.w. in our opinion offering further development in the right hands.
We understand the entire premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of £30,000 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.
As will be appreciated with the present rental income from the 2 flats over plus the adjoining shop of £21,320 the net rental payable at the present time is only £8,680 p.a. exclusive of rates.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,000 SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
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 per weeks, however, we understand that vacant possession can be given on completion, if required.
In addition there is an adjoining SELF CONTAINED SHOP which is sublet and provides a rental of £13,000 p.a.
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Location: |
Situated in a parade, densely populated residential area, WEST MIDLANDS |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Saturday inclusive - 9 a.m. - 6 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for additional opening hours. |
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At present staff operated. 2 staff employed. |
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