Leasehold Children’s Entertainment Venue Located In Coventry

Leasehold Children’s Entertainment Venue Located In Coventry
Soft Play Centre / 6 Seater VR Machine / 3 Horse Carousel Ride
VIP Nightclub / Digital Photo Booth / Music Recording Studio
5,000 SQ FT & Comes With An Array Of Plant & Equipment
Ref 2885

Location
This respected Children’s Entertainment Venue is located in Spon End, Coventry. Situated on The Arches Estate which is set back off the Allesley Old Road (B4106). Coventry city centre is within (1 mile).

Asking Price £59,950

Business Description
Veritas Business sales are privileged to offer to the market this established Children’s Entertainment Venue which is located in Coventry. The premises were transformed into what you see today by our clients back in 2012 and they are now offering the business for sale so that they can concentrate on other projects.
Since ownership they have refurbished, redecorated and made considerable investment in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Studio Megastar is operated with very little input from the owner and mainly operates with a team of 6 part time members of staff. Turnover for year ending 31st January 2023 was £187,993 with a GP of £148,846 and the venue has to be seen to appreciate what’s on offer. The ultimate children’s part venue which is only just scratching the surface. The website gives you a tour of full services
www.studiomegastar.co.uk
We believe that there is further potential to increase revenue should you wish. Just 870 parties were booked over for the last 12 months by owners choice due to other business commitments. By implementing an advertising and marketing campaign these numbers could double. They have a strong reputation within the local community and beyond and enjoy a high level of regular and repeat trade. This is a superb opportunity to purchase a turnkey business where all the hard work has been done and is a great base to build upon and as such early viewing is highly recommended as this is gem is not to be missed.

Opening Hours
Monday – Sunday – 9:00am – 10:00pm

Leasehold
Term : 10 years
Remaining: 8 years
Rent: £36,000 pa
Business Rates: zero

Ground Floor
General office.
Storeroom with storage racking, table and wall mounted wipe board.
Commercial kitchen with undercounter freezer (Fridgemaster), 2 x upright stainless steel fridges (Polar), electric oven, stainless steel table, worktop with sink drainer, kitchen wall & base units, microwave (Swan), undercounter fridge (Bush) and insect zapper. Waiting/hold room.
Magical party room with photo booth, adult seating area with fridge, table & chairs. 3 horse carousel ride, 4 x picnic tables, soft play area and nightclub room with wall, floor and ceiling lighting and sound system.
W/C with wash basin baby change, wall mounted mirror, wall mounted soap dispenser and wall mounted hand dryer.
Magical party room 2 with nightclub room with wall, floor and ceiling lighting and sound system. Soft play centre with tables & chairs and photo booth.
Staff changing room.
Staff W/C with wash basin.
Storeroom with mezzanine floor for addition storage.
Kitchenette.
W/C with wash basin baby change, wall mounted mirror, wall mounted soap dispenser and wall mounted hand dryer.
Green screen music recording studio with video camera.
Editing suit to service the green room. VR Room with state of the art 6 seater VR machine
(Funin) which has nearly 100 ride options.
External
Side parking for (8). The estate has overspill parking areas.