Excellent niche business targeting entertainment both for adults and children.

Excellent niche business targeting entertainment both for adults and children.

Introduction:

• The owner/founder of this business realized a couple of years ago that there is a dire need for adults and children to relax in a centre/area and where they will be treated on a fun filled experience to be remembered long after the occasion.
• The focus is on a healthy active lifestyle catering for children parties/corporate functions through diverse offerings.
• The centre was previously located in another area but moved to their existing location recently and it was the right decision due to a prime area and the turnover increase confirms this.
• The centre also includes a cafeteria and restaurant so orders can be placed for food platters etc.
• The 9 employees are well trained including a general manager. The owner is very rarely there, so there is huge opportunity to expand the business.
• The value of the assets at replacement value is R1,1 million.

Financials:

• Average annual turnover R3,2 million.
• Average NP (EBITDA) R813,000 per annum.

Selling price:

• R2,4 million