Amusement businesses for sale in Newcastle-upon-Tyne

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Newcastle based leisure business - No money down sale

Newcastle-upon-Tyne, Tyne and Wear, England

  • Price: £20,000
  • Annual Turnover: £26,400
  • Annual Net Profit: £14,320
Seller Reference: PAX0205714712
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: PAX0205714712
Request Details
Business Description
Low Effort 50% profit Leisure Business for sale. No money down as the bounce back loan within the business will cover the sale.

Currently ran Saturdays only April-September. 1-2hours of office work a week depending on time of year.
£22k Turnover
£16379 Gross Profit
£11694 Net Profit

All above are Net Vat

Deregistering the business for vat would see

£26400 Turnover
£19654 Gross Profit
£14032 Net Profit

The Geordie Games was created in 2017 as a side business for our other outdoor activity business.
We are selling both businesses to concentrate on another venture.

Included in sale:

Inflatables-
On Ya Bike
3 Lane Bungy Run
4 x Horses
Walking Tubes

Other Kit-
2 x 2 man sumo suits
2 x Human Hamster Wheels
Pissed up Pitch and Toss
2 x Knock Ya Block Off

Full Health and Safety, Risk Assessments and how we run the activities.

Full ecommerce website with booking system that takes bookings using a deposit system and then follows up for the balance, fully hands off bookings!

Good relationships with the stag and hen agencies that send bookings through on a weekly basis.

The original vision for the business was to take it indoors to a sports hall in central Newcastle in the winter months to increase days available for bookings.
This business needs someone to spend the time and effort that I originally wanted to take it to where it could be!
Turnover and profit could easily be increased by:
De-registering for Vat (we had to be vat reg due to it being ran on the same site as our vat reg business)
Not giving away a tshirt to everyone who takes part and a bottle of brown ale each to the winning team.
Running year round indoors
Selling to large corporate groups

This business would be perfect for someone who works a day job and wants to supplement their income and run it as is.
Would also pay a great wage with some effort and running it year round indoors in central Newcastle.

Business has a £20k bounce back loan in it at the moment. No payments until May 2021 and then it’s £330 a month over 5 years.
This means this business is a no money down purchase
Trading hours:
9-5 Saturday only
Number of employees:
0
Support and Training:
Training and documents are all provided with sale
Is this business relocatable:
Yes
Request Details

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