Leisure businesses for sale in Bury

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Thriving Children's Party Venue in Bury

Bury, Greater Manchester, England

  • Leasehold Price: £25,000
  • Annual Turnover: £23,458
  • Annual Gross Profit: £17,652
Seller Reference: 5542
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Business Description
 
 
 
 
 
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Seller Reference: 5542
Request Details
Business Description
Situated In a Popular and Busy Town
Latest Accounts To 31 March 2017
Annual Turnover £23,458
Gross Profit £17,652
Accounts Available After Viewing
Trading Two Days A Week
Potential To Trade 7 Days A Week
5 Star Food Hygiene Rating
Caters For Hen Parties
Well Linked With The M66, M62 & M65
EPC - D
REF 5542 – Leasehold Children’s Party Venue

Blacks Brokers are proud to bring to the market this leasehold children’s party venue located in the much sought after area of Bury, Greater Manchester.

INTRODUCTION

Let’s Party has been trading on Kershaw Street in Bury since 2006 with our client in ownership since 2016, in that time it has firmly established itself within the local community. The Business Host’s Children’s Themed Parties and also caters for Hen parties with room for further scope. The business also benefits from having it's own website at www.letspartyvenue.co.uk and has a facebook account with 1,500 followers.

LOCATION

Bury is a popular and busy town in Greater Manchester, close to Bolton, Rochdale, Prestwich and Whitefield. The area is well linked with the M66, M62 and M65. The area is favoured by shoppers and visitors with the famous and well known Bury Market and small villages such as Ramsbottom close by.

REASON FOR SALE

The business is only being offered for sale due to the seller’s family commitments.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 5 years with rent reviews every 3 years. The current lease began in 2016 at a cost of £13,000 per annum.

BUILDING LAYOUT AND DESIGN

The business is housed within a large, two storey building, with clear branding and signage on display. There are three large, exceptionally well presented and equipped party rooms in place, one is currently used as a pamper room, One enchanted Forrest and one a Disco room. The party rooms cater for parties and events for various celebrations from children’s parties to hen nights or adult parties. The business also benefits from two beautifully presented lounge areas, one on each floor. There is also on road parking at the front of the business and a car park to the rear, which are both free parking.

STAFF

The business is managed by our client, who is assisted by 5 part time staff members on flexible hours contracts.. The Vendor is happy to offer a month long handover period.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £23,458 with strong gross profits of £17,652 Most customers are from the local area as one would expect and benefits from repeat custom.

SUMMARY

This leasehold business is a well-known, popular party venue in a superb area with parking available, it delivers impressive weekly takings consistently. There is plenty of scope to develop the business further and there are even more income opportunities through the leasing of some of the areas within this impressive and sizable building or additional party options. The business also boasts a 5-star hygiene rating. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
x1 Fridge Freezer

x1 Microwave

x1 Flat Screen TV

x3 Sound System

x2 Toilets

x2 Lounge Area

x1 Laptop

x1 Computer

Roller Skate Stand

Tables & Chairs
Trading hours:
MON - FRI: Closed SAT & SUN: 11:00 - 17:00
Tenure:
Leasehold
Location Details:
Bury
Leasehold Term:
£300 Per Week
Downloadable Documents:
Listed by:
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