Amusement businesses for sale in Colwyn Bay

View the "Seafront Amusement Arcade, Bingo, Cafe, Mini-Golf, Colwyn Bay, For Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £180,000 Annual Turnover: £100,000
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Business Description
Aspire is delighted to present for sale this fantastic Amusement Arcade with Bingo, Mini Golf, Cafe and Ice Cream retail sales kiosk / shop, ideally located on the promenade in central Colwyn Bay, North Wales. The amusements are situated in a prime trading location, facing the beach and adjacent to numerous other complimentary businesses. The substantial premises boast wide, prominent frontage on to the promenade, with eye-catching signage and a variety of external displays.
One of the main car parks in the town is directly opposite the premises, and this also has the benefit of public toilets.
The town centre is very close by, where there is a wide range of shops, businesses and amenities including the local train station and bus routes.
Colwyn Bay is a very popular tourist and visitor destination, and also has a large residential population. The town is easily accessible via the A55 North Wales Expressway, which leads throughout North Wales and on to the motorway network at Chester.

The business has been established for over 70 years and operated by the current owner for over 50 years, only now being available for reluctant sale due to retirement. The owner has continually enhanced and improved the amusements over the years, creating the current business, which is well respected and employs 6 members of staff.

The business comprises a variety of amusements and amenities including the main Amusement Arcade complete with 24 Gaming Machines, a sizeable Bingo area with 40 seated positions, and a Café Takeaway, which also incorporates Ice Cream sales with external hatch.
Externally, there is a 9-hole mini golf playing course, along with additional land to the side and to the rear, which would be perfect for developing as a children’s play area or other leisure activity such as bouncy castles or go-karts.
The premises are held on a long-leasehold basis through the local council and only incur a peppercorn rent. All the buildings and facilities on the site are owned by the business.

The main amusement arcade is open-plan and incorporates the gaming machines and the bingo area.
The cafe and takeaway has a dispensing kitchen with wide sales counter, chiller cabinet, Bain Marie and hand wash sink. This is also accessible to the ice cream serving hatch. There are tables, chairs and picnic benches available outside for customers’ use.

The business is run at a pace to suit as the owner is looking to retire. The current annual turnover is over £100,000; this has been much higher in previous years and there is excellent scope to enhance income. The arcade closes during December and January and there is potential to open all year round, particularly during school holidays.
The amusements benefit from an experienced team of loyal members of staff, which will undoubtedly make the business transfer significantly simpler.

Long leasehold business for sale - £180,000
Renewable lease, original length 75 years
Annual lease rent - £3,500

Annual turnover - £100,000

This is an exciting opportunity to acquire an already well established seafront amusement arcade with excellent future potential. Prompty viewing to fully appreciate the location and potential of this business must come strongly recommended. Contact Aspire for confidential discussions.

www.aspirebusinesses.co.uk
Tenure: Leasehold

Location Details:

The amusements are situated in a prime trading location, facing the beach and adjacent to numerous other complimentary businesses. The substantial premises boast wide, prominent frontage on to the promenade, with eye-catching signage and a variety of external displays.
One of the main car parks in the town is directly opposite the premises, and this also has the benefit of public toilets.

Leasehold Term:

Longhold lease, original length 75 years Annual lease rent - £3,500

Listed by: Aspire
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