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One of the most significant issues not emphasised much so far is public liability. This is not a business you should enter unaware. If a kid gets seriously hurt and you are investigated and held liable, you'll be done. You have a duty of care to uphold and you need to be very thorough with...

Offer to take over the lease and you'll take the business for free. But seriously, this seems dodgy as, forget about it.

Bad, bad, bad !!!

Here's a comparison biz for you to compare. Seems a very similar description to yours. Similar revenue and asking for 149k. http://australia.businessesforsale.com/australian/Northcote-Play-Centre-Business-For-Sale.aspx An excellent opportunity to own an easy to run play centre in Melbourne?s...

And the original 500k initial equipment cost will be well and truly depreciated by now. That repairs and maintenance figure is gonna rise higher and higher. So all up, more costs/less income.

Revenue has been very steady over the past few years. Expenses have been increasing leading to just staying afloat. 100k rent is absolutely massive for a business only doing 300k revenue. The rent seems disproportionate to the size of the business. How can wages of just 50k support such a...