For Sale

Busy Childrens Play Centre

Cheshunt, Hertfordshire

£499,950 +SAV

Ref: 14837 F

Contact sales negotiator

Hannah Hargreaves

01204556311

Email Hannah Hargreaves

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Description

Will consider deferred payment options

Hilton Smythe welcomes to the market Kid Mania, a vibrant soft play centre which was established in 2014 by our client, who is now looking to concentrate on her family.
Kid Mania is a soft play centre located on a major and accessible retail park in Cheshunt Hertfordshire, just a few miles north of junction 25 of the M25. The retail park is located in a highly populated area.

The facilities include:
4 lane Astro slide
Rodeo rider
Climbing wall
Interactive eye click room with 10 different games
Viewing gallery
A full CCTV system for security and safety
5* hygiene rated kitchen for the cafeteria, serving home cooked food.
Designated baby and toddler areas
Disabled access
Toilets and changing rooms

The venue is free to under 1s and is primarily aimed at children up to 12 years old and their parents, entry fee is £4.80 1-3 year olds and £6.75 4–12 year olds.
The venue currently has 2 party rooms catering for up to 20 guests in one room and 30 in the other with parties held at 3 hour intervals at a cost of £12.95 per child, this includes play, food and drink.
The entire venue is also available for after hours parties for 2 hours at prices between £450 and £565.
Kid Mania has many repeat visitors and has a 4* Google rating along with a 4* Facebook rating and the business is being sold with the website wwww.visitkidmania.co.uk
There is scope to development including utilising some of the first floor area to create a third party room and hiring the venue out for more after hours parties, including teen parties and team bonding parties.
Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is being sold as a leasehold business opportunity with a renewable 5 year lease with 6 month break clauses from October 2013 and an annual rent of £60,000.

Hours

The business opening hours:
Monday - Saturday: 9.30am – 6pm
Sunday: 10am – 4pm
The venue can also be hired for out of hours parties

Staff

The business is run and managed by our client, with the help of 15 part time members of staff.

Financial Profile

Kid Mania & Food Mania generated an advised turnover of circa £369,000 as of the 2018 accounts, with a gross profit of around 74%.

The business has an approximate adjusted net profit (EBITDA) of £102,000 and an asset value of circa £415,000.

Location

Kid Mania is located in Cheshunt, Hertfordshire on the New River Trading Estate which is a large retail park on the main A10 road from London to Cambridge.
The venue is surrounded by many large stores including Marks & Spencer, Tesco and Next which bring in a large influx of local residents and clients from further afield.

Premises

Kid Mania has multiple vehicle parking to the front and an entrance door to the registration area with a security entrance barrier.
The open plan ground floor area has multiple playing area, including separate toddlers soft play area, paid for machines and rides. The large climbing frame is accessed from here and the first floor area. There are multiple soft seating areas. Access to the separate toilets with changing facilities, stairs to the first floor, security exit barrier, multiple dining tables with seating and access to the food ordering area.
Food ordering area/5* hygiene rated kitchen. The serving counter has coffee machine, slush machine, till, drinks display and door to the kitchen. Stainless steel kitchen fridge, freezer, grill, microwave, sink, dishwasher, panini machine, extractor fan.
The first floor has the two party rooms with tables and chairs, there is a large open are to the front of the first floor which could be partitioned off to create another party room. Walk in room for interactive eye click gaming, access to the first floor level of the climbing frame. Private staff access to the office.

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