Sold
Unique Rage/Escape Room Business For Sale
Newcastle upon Tyne, Tyne and Wear
- Asking Price: £17,500 +SAV
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Turnover:
We are advised the business is projected to turnover a figure of circa £73,000, further financial information can be made available upon further request.
Please quote reference B06942
- Tenure: Leasehold
Please quote reference B06942
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and popular rage room, escape room and arts centre business.
Smash Space has been under the careful and meticulous ownership of our client for a short period of time, building up a great reputation, a true testament to the hard work and dedication from the current owner, resulting in the high calibre of business on offer. The business is now being offered for sale due to our client pursuing other career options, and who would like to see the business pass to someone with the same drive and enthusiasm to take the business to the next level.
The business is a multi-site facility that offers Rage Rooms, Escape Rooms, and an Art Launch facility in Newcastle Upon Tyne. They specialise in offering activities for everyone, they have family friendly activities, and they can let adults have fun in our Rage Rooms. The business benefits from a strong online presence as well and have grown their social media outreach to over 100,000 and welcomed over 2000 customers on-site in the first 6 months. The business currently runs: two Rage Rooms, a Smash Alley, two Escape Rooms, and an Art Launch.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website, along with the introduction of some further activities.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business.
All fixtures and fittings are to be included in the sale along with the following:
- 1x 9CH Wired CCTV System
- 1x 4CH Wireless CCTV System
- 10x Desk
- 4x Sofa
- 1x iMac 2012
- 1x iPad Air 2
- 2x Pool Tables
- 1x Mini Fridge
- 4x Lockers
- 1x Digital Safe
- 25x Fire Extinguisher
- 18x Office Chairs
- 18x Stacking Chairs
- 1x Mounted Projector
- 3x Projector Screen
- 1x Smash Space Photo Booth & Neon Sign
- 11x Motorcycle Helmets
- 20x Full Boiler Suits
- 20x Glass Proof Gloves
- 20x Hi-Vis Jackets
- 1x Fold-Out 12-Seater Party Table
- 5x Surround Sound Speaker Systems
- 1 x Pallet Reception Desk
- 1 x 300 Can Drinks Fridge
- 1 x Raspberry Pi PC
- 3 x Air Purifiers
- 20 x Miscellaneous Rage Room Weapons
- 12 x TVs
- Miscellaneous Smash Items
- Miscellaneous Spy Escape Room Items
- Miscellaneous Egypt Escape Room Items
- Miscellaneous Jungle Escape Room Items
- Miscellaneous Chemistry Escape Room Items
- 4x Circular Tables (8-Seater)
- Miscellaneous Power Tool
- 1x iPad Mini
- 1x iPod Touch (7th Gen)
- 1x iPhone X
- Miscellaneous Furniture
- Remaining Drink Stock
- 1x Zettle Card Reader
- 4x Timers
- 3x 240L Wheelie Bins
The business is run and managed by 7 full time staff members, all of whom are employed on zero-hour contracts.
The business trading hours are:
Monday & Tuesday - Closed
Wednesday to Friday - 16:00pm - 20:00pm
Saturday & Sunday - 14:00pm - 20:00pm
The business is located on the busy and thriving Scotswood Road, Newcastle Upon Tyne, NE4 7JE. The building itself faces Scotswood Road and is approximately a 5-minute walk away from both Newcastle Central Train Station and Newcastle Coach Station.
Newcastle upon Tyne is a university city on the River Tyne in northeast England, with its twin city Gateshead, it was a major shipbuilding and manufacturing hub during the Industrial Revolution and is now a centre of business, arts, and sciences. The city further benefits from excellent recreational, retail and sporting facilities, and is very well serviced in terms of public transport links along with access to the major road networks.
The business is located in a substantial commercial property and briefly comprises of:
The Ground Floor comprises: the entrance lobby (“Reception”), a large open plan room with integrated corner seating (“Kit Room”), a smaller office set off the Kit Room (“Staff Room”), two bathrooms and a corridor to the external rear door.
The Basement Floor comprises: a narrow room (“Smash Alley”), 2 off-set square rooms (“Rage Rooms”, 4 storage rooms (“Storage”) and a hallway connecting these rooms to both the front and back stairs.
The First Floor comprises: 2 small offices (“Control Rooms”), a long rectangular room (“Art Launch”), 2 off-set rectangular rooms (“Clumanji Escape Room”), 2 off-set rectangular rooms (“Spy Escape Room”) and a corridor connecting these rooms to both the front and back stairs.
The Second Floor comprises: a large open plan storage room (“Top Floor”) and a modern, narrow partitioned room (“Gaming Attic”).
The premises further benefits from w/c facilities and has prominent signage in place.
Tenure
We are advised the business is being sold on a Leasehold basis with 4 years remaining on the Lease, the rent is £1,500 per month.
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