| (REF: 1722) Successful Nightclub Nailsea Bristol |
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| Seller Reference: |
1722 |
| B4S Reference: |
23206 |
| Asking Price: |
£60,000
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| Net Profit: |
£40,000 |
| Sales Revenue: |
£120,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
11 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Nailsea, Bristol County, United Kingdom |
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Business Details
The particular highlights of the business are:
- A well established business.
- Genuine reasons for sale.
- Huge potential as business is only operated on limited hours due to personal constraints.
- Turnover in excess of £120,000 whilst opening only 2 nights a week.
- Large spacious premises.
- A popular destination for locals.
- No local competition.
- An easily operated business.
- A free house with gross profit of 67%.
History
Phoenix Business Transfer Agents are delighted to place onto the market this successful nightclub which has been established since 2000. The business has been in the hands of the current owners since 2009 and they now wish to sell due to re location of one of the partners.
Services
This very good business opportunity provides a nightclub venue for Friday and Saturday nights. Special events such as live bands are also organized.
Staffing
The business employs casual weekend bar staff and security staff and the wages are £272 per week.
Owners Role
Both the owners work part time in the business during opening hours.
Marketing
There has been very little marketing done. The owners have a very good relationship with the local pubs and are always recommended.
Competition
There are no local nightclubs and the nearest one is 5 miles away.
Market
The client base consists of all ages from 18 to 65.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Start a restaurant to utilize the business hours fully. There are limited food options in the area.
• More live bands and gigs.
• Opening more days.
• Special promotions.
• Promoting the function room for weddings and other events.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The premise is very large and is situated over 2 floors. The entrance leads to stairs to the main dance floor with lights and a DJ booth. There is a large bar which extends into all areas of the floor. There is also a chill out area and a separate function room which has a skittle alley. There is also an office and a large kitchen. The cellar is on the ground floor. The total size of the premises is approximately 100 ft x 40 ft on each floor. There is also a loft of the same dimensions which is used for storage but has potential.
The premise has been renovated at a cost of over £16,000.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £20,000.
Financial Details
The present turnover is £120,000 per annum with a gross profit of 67% and a net profit of £40,000. The wages are £14,144. The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £240,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 3 years with 2 years remaining. The rent is £20,000 pa. The lease is renewable or negotiable for longer term if required. The rates and water is £11,156 pa.
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Current Rent: |
20,000 pa |
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Living Accommodation: |
No |
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Location: |
This prominent nightclub enjoys a very central location in the town centre of Nailsea, which is 9 miles from Bristol. The local population is around 24,000 and the area has many pubs close by which feeds the business. There is also a large free car park directly behind the premises. |
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There are no local nightclubs and the nearest one is 5 miles away. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Start a restaurant to utilize the business hours fully. There are limited food options in the area.
• More live bands and gigs.
• Opening more days.
• Special promotions.
• Promoting the function room for weddings and other events.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made. |
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Owners wish to sell due to re location of one of the partners. |
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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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Friday and Saturday: 10 pm – 2 am. |
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The business employs casual weekend bar staff and security staff and the wages are £272 per week. |
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