Mandurah Chipmunks Children’s Playland and Cafe Franchise was originally established nearly 6 years ago in March 2014. The original proprietors successfully traded the business for just over 4 years until June 2018 at which time they sold to the next owner operators. In the first 12 months of operation to 30 June 2018 the new operators traded the business achieving attractive gross revenues in the order of nearly $450,000 for that year. Unfortunately although the business was busy, costs and overheads were not successfully managed which in combination with crippling loan repayments ultimately resulted in the business being closed in September 2019 and the company which owned the business being placed into administration. The administrators are now looking to liquidate the tangible assets of the company. These assets comprise the full fit out of the premises including all of the play equipment, cooking equipment, furniture and other plant necessary to operate the business.
This represents an excellent opportunity for a motivated operator to join the leading and largest brand of indoor Playlands with over 50 successful franchise stores located throughout Australia New Zealand and Asia. The initial designing, licensing/com pliancy requirements and physical set up of the venue have already been completed. The successful buyer will receive the full benefit of all of this original ground work and the substantial physical assets at a fraction of the setup cost. Given that the business operated successfully for over 4 years they will also have the added benefit that the initial exposure and ramping up of customer awareness normally required for a new business has already been completed for them.
Situated in a visible location in Mandurah with no competition and a strong surrounding catchment area the opportunity features:
Long Lease available with attractive terms
Exciting business opportunity in a popular and growing sector at significantly below original setup cost
No goodwill component
Substantial Asset Base
All licenses and compliance requirements in place
Premises fully set up and ready to start trading
Potential multiple income streams including Pay for Play, Café Sales, Birthday parties, Private functions and Merchandise
Excellent training and dedicated support from the franchisor
Suit Family Operation
It should also be noted that there is no obligation on the buyer to enter in to a franchise arrangement with the franchisor Chipmunks Playland . Although this remains an option the buyer can choose to take over the business and commence trading in their own right as an entirely independent entity and using its own preferred trading name.