REDUCED Amusement Arcade For Sale

Business description

A long established amusement arcade which has operated from the same premises for many years, the owners have chosen to operate with a ‘family entertainment’ license which limits the size of machine payouts (max £8) but oes not restrict customers to over 18’s. By following this business model they attract customers from the whole of the age spectrum; the pool tables are particularly attractive to the younger customers. The business has many regular customers.
The machines are fairly modern and all in good working order and compliant with current regulations.

Property information

Property:

Leasehold

Lease terms:

There are 10 years remaining on the lease; the current rent is £16,500 pa with 4 yearly reviews and payable quarterly in advance. We understand that this is a full repairing lease and is not subject to a rental bond.

Living accommodation:

3 bedroom spacious accomodation with seperate access; private parking.

Location:

Whilst in a secondary location within the town centre, the business is situated in a well known and popular location and very accessible from the main shopping area. There is some local competition but mostly they are geared towards adult clients.

Other information

Expansion potential:

Movement into over 18's market and higher value gaming machines.

Competition / Market:

Others in the town

Support & training:

Handover

Reasons for selling:

Retirement

Trading hours:

7 days to suit