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Project Leisure

Asset for sale in West Midlands

West Midlands
  • Appointment: Administration
  • Date Published: 11/02/19

Description

Opportunity to acquire the Business and Assets of an Established Company trading in the Entertainment and Restaurant Sector. Based in Shropshire

Site One
  • Entertainment Facility
  • Freehold Premises - 12,735 sq.ft comprising ground floor and mezzanine
  • Owner managed business since opening in 2005
  • Rates payable, £20,000 per annum
Site Two
  • Comprises themed restaurant and entertainment facility
  • Leasehold premises
  • Rent, £75,000 per annum
  • Lease commenced March 2009 for 25 years
  • Rates payable, £46,000 per annum
  • Service charge, £20,608 + VAT per annum
  • Fully fitted kitchen
  • Quality restaurant furniture
  • Entertainment facility with Late alcohol licence
  • Owner managed business since 2009
  • Prime town centre location

Financial Overview

 

Year Ending 30 June 2017 £’000

Year Ending 30 June 2016 £’000

Turnover 449 594
Cost of Sales 104 145
Gross Profit 345 449
Gross Margin (%) 77 76

The Financial Accounts for 2018 are currently unavailable.

Potentially available separately or as part of a Group.

Group Comprises Restaurant and Two Entertainment Facilities.

Further Information can be found by clicking here

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