| (REF: R1897) Old Established Nightclub |
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| Seller Reference: |
R1897 |
| B4S Reference: |
20723 |
| Asking Price: |
£95,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£182,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Cambridgeshire, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : Listed Building
We undertand the premises have a Full On Licence plus Entertainments Licence, in our opinion the Nightclub offers terrific potential as it is situated in a large student area.
Ground floor entrance to RECEPTION AREA with space for storage of customers coats.
Ladies cloakroom with 2 w.cs, wash hand basin
Gentlemens cloakroom room with 3 urinals, w.c. 2 wash hand basins
Storage area
2 wide staircases to BASEMENT NIGHTCLUB (1,200 sq. ft. approx.), woodstrip floor. 2 air conditioning units. Dance floor area with DJ consul, full music system with speakers. Coffee tables, bench seating providing seating for approx. 30 persons. We understand the Nightclub is licensed for up to 120 persons. Bar with marble top, electronic cash register, double door glass fronted drinks fridge, optics, 2 enclosed coolers, soft drinks dispenser. CCTV system with 3 cameras plus monitor and recording.
Rear wash-up area with sink and drainer, ice machine, glass washer, wash hand basin
Rear store
WE ARE INFORMED the turnover averages £3,500 p.w. (wet sales only), in our opinion offering tremendous potential for further increase in the right hands. Gross profit 70% approx. Included in the turnover is the entrance charges which range from £3-£6 per night.
We understand the premises are held on a secure renewable lease, the present lease expiring in 2016 at a rental of £17,000 p.a. plus VAT, exclusive of rates for the next 1 year, with rent to be agreed thereafter. (The present tenant does not anticipate an increase in the rent at next rent revision).
Uniform Business Rates: £5,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Parking space for 1 car at rear |
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Location: |
Situated in a parade, busy road, densely populated residential and commercial area, close to main railway station and CAMBRIDGESHIRE |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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At present 3 evening per week. Thursday, Friday & Saturday
Thursday - 9 p.m. - 1 a.m.
Friday & Saturday - 9 p.m. - 2 a.m.
It will be appreciated upon inspection that there should be a demand for additional evening openings, if desired. |
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The business is at present operated with a manager plus staff on a rental basis and the present tenant receiving £500 p.w. It will be appreciated upon inspection that the overheads could be reduced with an active husband and wife team operating the business. |
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