Sold
Popular Soft Play Centre in Good Trading Location
Morpeth, Northumberland
- Asking Price: £84,950 +SAV
- Turnover: The business has seen year on year growth, and we are advised that the turnover is currently £190,000, with a gross profit of £146,000.
- Tenure: Leasehold
The business was established in 1990, and has been owned by the current owners since 2012. It has an excellent reputation in the area for the quality of its soft play areas, and is also a focal point for parents to meet up and enjoy a chat and a coffee, or something to eat from the menu. The business is now reluctantly being offered for sale due to the current owners other business commitments.
We are advised that the business currently employs 21 staff on zero hours contracts. Some of the current staff only work weekends or school holidays
Monday 930am – 6pm Tuesday 930am – 6pm Wednesday 930am – 6pm Thursday 930am – 6pm Friday 930am – 6pm Saturday 10am – 6pm Sunday 10am – 6pm
Treasure Island is located on Coopies Way, which runs through the heart of the Coopies Lane Industrial Estate. The soft play centre is superbly located a mile away from the centre of the busy market town of Morpeth and half a mile from Morpeth train station. It has its own car park as well as on street parking nearby. The industrial estate is within walking distance of several existing residential areas within Morpeth, Stobhill and Loansdean as well as the large new South Fields housing development, which is now nearing completion. The soft play is close to several main roads. The A192 passes nearby from Cramlington through to Morpeth. The A196 connects to Ashington and the A197 connects Morpeth to the A1 from the South (2.6 miles). There are a number of bus stops within walking distance on the A196, with the bus station in Morpeth a 14-minute walk away.
This is a well-presented property, with doors into the main play area, which has seating for 70 people. There are also 2 large tables, which are reserved for parties when needed. Also on the ground floor, there is a large reception/sign in area, two party rooms, a large one and a smaller one, which cater for children’s parties. On the ground floor there is a large climbing frame, set over two storeys, with slides, ball pit, and various spinning and swinging equipment. The serving area on the ground floor has a coffee machine and grinder, and 2 display fridges. There is additional under counter storage under the counters, and a hot water boiler and microwave. The business also benefits from a fully equipped kitchen, with the following equipment included in the price of the sale – Upright fridge, 2 chest freezers, 2 microwaves, toaster, oven, 3 single deep fat fryers, a double deep fat fryer, a panini machine, hob, 6 stainless steel work benches, There is also a separate store room for dry food storage, which also has 3 chest freezers, and an under bench fridge. There are also three toilets on the ground floor, with a further set of toilets, functional but currently used for storage.
Tenure
We are advised that the business is leasehold, and has 6 years remaining to run of an original 10 year lease. Rent is currently £16,000 per annum.
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