Hilton Smythe welcomes to the market islejump. The business was originally established by our clients in 2015. The trampoline park has been a great success, being the first to open on the Isle of Wight. Our clients look to sell the business due to family members health.
The business runs as a trampoline park in an excellent prime trading location. The trampoline park has over 40 interconnecting trampolines boasting a range of different activities for both children and adults. Fitness classes, autism friendly and parent and toddler classes generate a generous income. This is a great business growing in popularity each year.
The indoor café provides a relaxed atmosphere for parents waiting for their children. The café offers a great range of products, this includes sandwiches and wraps, hot and cold drinks, cakes, slushes, nachos, hot dogs and much more. The café has a large seating area and there is an area for private functions.
Trade is split 75% trampoline income and 25% café.
The business generates a turnover in the region of £389,000 per annum, with a gross profit of 88%. This is an exceptional turnover with scope to be increased.
We feel that the purchaser should look to extend opening hours and further promote parties. Group bookings are popular and the business currently cater for school trips, birthdays, hen and stag parties, team building and exclusive bookings for the whole of the park. Focusing on these bookings would allow for high income from large group bookings.
With a little extra advertising and marketing there could be an increase in business. islejump has a great website this is easy to use and is included in the sale (www.islejump.co.uk). They also have a Facebook page, this is regularly updated and has over 5,950 followers. Our client also advertises on Twitter, Instagram and YouTube. islejump features on the travel website TripAdvisor and boasts some excellent reviews.
There is also a large space used as an indoor carpark. This space could be utilised as more trampoline areas, a party room or could be used for further activities.
The sale also includes all the new equipment, which totals up to around £202,000. The business comes ready to run and would be perfect for a husband and wife team or partnership.
This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 6 years
Remaining lease length: 5 years as of 2017.
Rent: £85,200 per annum
HOURSThe business opening hours: -
Monday - Sunday: 12am - 8pm
STAFFThe business is run and managed by our clients, with the help of 10 part time members of staff on zero hour contracts.
FINANCIAL PROFILEThe business generates a turnover in the region of £389,000 per annum, with a gross profit of 88%.
islejump is located in Sandown, Isle of Wight.
The business is situated on a bustling industrial estate, that receives a generous amount of footfall and passing trade. Within the area is a new Aldi, Morrisons, Premier Inn and a large housing estate, as well as a variety of retail outlets. This is a popular location with a lot of investment going into the area; property is in high demand.
Sandown is a seaside resort on the Isle of Wight. The town is popular with visitors and also has an extensive population of 11,868 as of the 2011 census. The town is set on the coast and boasts a wealth of natural features. There is lots to see and do in Sandown, which includes visiting the bay and Shanklin Beach. The town is also home to the oldest carnival, which dates back to 1889. This is a great town to both live and work.
The industrial estate on which the trampoline park is located on an arterial road just minutes away from the coast. This is a great location with all amenities close by. There is a bus stop within walking distance and the nearest train station is a 5-minute drive away. There are two holiday parks close by and Sandown airport is a short distance away. This is an exceptional location for any successful business.
islejump boasts a large industrial unit. This is a generous sized premise, perfect for the trade. There is free ample parking in the area, plus indoor parking with spaces for up to 25 cars. This is a double height unit fitted with a large roller shutter door and separate entrance door into the reception.
The reception is a large space, with service counter, tills and phone point. Behind the counter is a large open window with views of the trampolines. There is a comfy seating area, lockers and vending machines.
From the reception is the open trampoline area. This has separate areas for specific activities. One of the areas has 40 floor and wall trampolines. There is a basketball area, air bags and dodgeball.
There is a generous sized café area. This has a service counter with counter top displays and drinks making facilities. There is a mixture of seating, from table and chairs to comfy sofas. The café area also doubles up as a function space for birthday parties. There is CCTV on screens around the café so parents can watch their children play whilst relaxing in the cafe.
There are children friendly male and female toilets by the café. There is also a separate disabled/baby changing toilet.
There is a first aid room, again this comes equipped.
All equipment included in the sale is new. Our clients fully re-fit the property to suit the purpose of the business. The property looks fantastic with a full equipment list available upon request.
Main equipment includes: -
Computer and monitor systems