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Supplier of rental equipment, services and vehicles to the touring music industry. This includes: "Backline" musical instruments, stage equipment, self-drive minibuses, storage cases, bespoke flight cases, sound equipment and tour...
Turner Butler has been appointed to invite offers of purchase for 100% of the Issued Share capital of an event management company specialising in hen parties. Key strengths: The business has the following key attributes: • One of...
Amusements & arcade businesses are an attractive proposition, as they can be run with a relatively small commitment of time in comparison to other businesses – many rides and machines can provide income on an entirely unsupervised basis, committing the owner to collection and maintenance duties on an ad-hoc basis only.
In the arcades business, most income is traditionally earned on games machines, but depending on the size and planning permission of the premises, the business you’re thinking of buying may also be selling food or running a small gift shop onsite.
When negotiating the purchase of an arcade business, you need to ensure that you conduct a full asset inventory check, so that you know precisely what it is that you are buying. What machines and equipment will become yours when you buy the business, and what condition is this equipment in? If there are a series of old machines that are likely to need replacement in the next 3 years, have you allowed for this in your business plan? Are the machines owned outright, or leased, or on a hire purchase arrangement? When it comes to maintenance, is there a contract in place with an outsourced maintenance company, or are the machines maintained by employees of the business?
With a lot of amusement and arcade machines, you need to carry a licence allowing you to legally operate the machine. This licence is payable in the form of the Machine Games Duty (formerly the Amusement Machine Licence Duty). The seller of the business will be able to tell you if Machine Games Duty is payable on some or all of their devices, but if in any doubt you should refer to your local council, as some of the permissions may not automatically transfer to the new owner of the business upon sale.