For Sale
Childrens Play Centre and Nursery With Excellent Decor
Maidstone, Kent
- Asking Price: £60,000 +SAV
-
Turnover:
The business achieved a Turnover of just over £80,000 in 2022.
Please quote reference B05259
- Tenure: Leasehold
Please quote reference B05259
Hilton Smythe are delighted to present to the market an exciting multi-functional children’s business opportunity, established over 5 years ago.
Our client added the nursery in August 2016, establishing a new space within the Playcentre for 6mth- 5 year olds, they are registered for 25 children and have recently been awarded a ‘Good’ rating from Ofsted. The original focus for the space concentrated on the Playcentre with several different rooms for different ages as well as a popular cafe.
The original founders of the business invested over £200,000 in creating a magical space with lots of interesting spaces including an amazing volcano room for children parties, several sensory rooms and large central play area with its own pirate ship! The main ethos is to stimulate children's development through interactive fun and play.
Children's birthday parties are also available with private hire, there are 3 options to choose from which include -
- Weekday or weekend private hire time
- 2 hours of entertainment
2 trained entertainers - Face painting
- Choice of hot or cold food
- Birthday cake
- Balloons and banners
- Individual party bags
- Discounts for Grandparents
- Child minders
- Mall reward card customers
- NHS, armed forces and Emergency services
- Refer a friend
Nursery - currently taking children from 2-5 year old with a choice of either a morning or afternoon session. Income from the nursery is split between government funding and additional hours of top made by parents. To complement the care given to children there is a very good food menu available which also comes with help and advice on both manners and eating.
The business is currently run by our client who adopts a 100% hands off management approach, we feel there are several areas any new owner of may look to adopt to make the opportunity more profitable -
Apply staff efficiencies and cost reduction
Embark on a significant advertising programme to rebuild the Playcentre customer base
Increase awareness of all 3 parts of the business through social media platforms
Increase the number children parties and classes
Add an after school club.
Full time Manager, 3 x full time staff, 2 x part time and 2 weekend staff.
MONDAY TO FRIDAY - 9.30am - 4.45pm
SATURDAY - 9.30am to 5.00 pm
SUNDAY / BANK HOL - 11.00am to 4.00pm
Kikiland Playcentre and Nursery is one of the country’s only nurseries of this type to be located within a busy Towncentre shopping mall.
The Mall Shopping Centre is located on Pad’s Hill is the centre of Maidstone and is1 of 5 owned by the group across the country. It offers excellent shopping facilities, places to eat, large car park and weekly events for all the family.
Maidstone is a thriving and historical Town in Kent, it lies 32 miles east-south-east of London. The River Medway runs through the centre of the Town, linking it with Rochester and the Thames Estuary.
The Town centre is accessed just off the A249 which connects directly to the nearby M20, M2 cross country motorways.
There are 2 mainline stations within 5 mins walk from the centre, Maidstone East and Maidstone West.
There are many offices, garages, the Towns council offices, Jobcentre Plus and Maidstone Leisure Centre surrounding the nursery/Playcentre where many of the parents who use the nursery work during the day.
**Over £200,00 invested including new electrics, equipment and decor installed in the last 12 months**.
Reception area - curved reception desk, CCTV system, security gate access into main Playcentre space.
Soft play area with bespoke pirate ship
Baby room
DJ/ Disco room
Volcano Room
Nursery - to rear of Playcentre
Train room
Children's toilets
Admin office
Dressing up room and children’s kitchen
Fully equipped cafe with tables/ chairs and high chairs for up to 28 children.
Tenure
We are advised the business is being sold as a Leasehold opportunity with 4 years remaining on a renewable 5 years lease paying just £20,000 per annum.
Current business rates payable are £6,000.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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