Town Centre Amusement Arcade With Accommodation For Sale

Business description

A long established amusement arcade which has operated from the same premises for many years, the owners have chosen to operate with a ‘family entertainment’ license which limits the size of machine payouts (max £8) but does not restrict customers to over 18’s. By following this business model they attract customers from the whole of the age spectrum; the pool tables are particularly attractive to the younger customers. The business has many regular customers.
The machines are fairly modern and all in good working order and compliant with current regulations.

Property information

Property:

Leasehold

Living accommodation:

The property has an attractive and large lounge, two double and one single bedroom and a large breakfast kitchen which is capable of taking a kitchen table. There is an impressive and large bathroom with bath and separate shower. To the rear of the property is a large secure car park which is used for the owners parking and any staff if required

Location:

Whilst in a secondary location within the town centre, the business is situated in a well known and popular location and very accessible from the main shopping area. There is some local competition but mostly they are geared towards adult clients.

Premises details:

There are 10 years remaining on the lease; the current rent is £16,500 pa with 4 yearly reviews and payable quarterly in advance. We understand that this is a full repairing lease and is not subject to a rental bond

Size in square feet:

800 on ground floor

Other information

Expansion potential:

There are many opportunities for growth, namely ther introduction of more 'play' rather than gambling machines maybe even Internet based gaming.

Planning consent:

Appropriate for current business, additional licenses will be required if the business is to add machines with a higher payout.

Competition / Market:

There are two other Arcades in the town

Reasons for selling:

Retirement