For Sale
Highly Rated Go Karting Business In Greater Manchester For Sale
Manchester, Great Manchester
- Asking Price: £99,995 +SAV
-
Turnover:
We are advised that the business generated a turnover in the region of £66,000 as per accounts from April to November 2022. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07172
Hilton Smythe are delighted to welcome to the market Go Kids Karting, a large indoor Go Karting Track with Retro Gaming and Cafe areas in Middleton, Manchester.
Go Kids Karting was established by our client in 2019 and has built up an excellent reputation and loyal customer base within the local area.
The business has now come to the open market due to family commitments.
They have 4 new electric Go Karts which are 4mph and 6mph. All their karts use the safest batteries on the market and are tested regularly to ensure they have no faults, they also have remote control cut outs whereby they can turn them off at the click of a button. Parents can sit back and relax and watch their child enjoy laps of fun on the track from the comfort of the Pit Stop seating area.
All children that book a party package or time on the track can enjoy the retro and gaming consoles. The business has 8 in total with 6 of them being retro consoles including:
- Sega Megadrive II
- Sega Mastersystem II
- Nintendo N64
- Playstation 1
- Atari 2600
- Super Nintendo NES Classic
There is a full pit stop cafe built at the rear of the unit, parents can enjoy a hot drink and a snack while children can have a party meal cooked or prepared for themselves. They have multiple tables and comfortable seating available.
Key selling points -
- This is a very busy party play centre with weekends booking up for parties weeks in advance.
- Currently have bookings for 2023 as far in advance as September 2023.
- Can hire the Go Karts off the premises with use of inflatable track.
- Only 3 staff needed to run each party keeping wages bill very low.
- Potential to open other centres or even franchise
We are advised that the business has 2 main staff members, with the help of 6 track staff working no more than 5 hours each per week.
Opening hours are determined by party bookings. During term time, they're open from 4:30pm Monday to Thursday for party bookings. They open every Friday from 4:00pm for drop in sessions. Saturday & Sunday they are usually open 10:00am - 6:30pm/7:00pm but this is determined by the party bookings made.
Go Kids Karting is located on Wood Street, in Middleton, Manchester.
The business is located in a very busy area.
The business is based on the ground floor, fully wheelchair accessible. They have a full glass front & electric steel shutters.
A full breakdown on all the equipment included in the sale can be made available upon furthe request.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 6 year lease. The rent is £1,550 per month, with the rent rising to £1,600 per month from March 2023 and then £1,650 per month from March 2024.
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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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