Constitutional Club Full Premises License In Nottingham Suburbs For Sale

Business description

“Unique opportuinity to acquire the fixed tenancy of an established constitutional club with full premises license within a highly populated suburban locale of the city of nottingham”

> Sales £225,000 inc vat run under management – 100% wet driven
> Music room ( 200) – Games room (60) – Snug / meeting room (20)
> Totally refurbished 18 months ago
> Large hard surfaced car park (60)
> Well Appointed 2 Bedroom Owner’s Accommodation with private access
> 10 year fixed tenancy with 5 year break – up to £105 per barrel discount

Low cost of entry opportunity to get into licensed trade at a premium of £15,000 for the going business plus fixtures & fittings which could be rentalised plus s.a.v.


LOCATION (NG5 6AW)

The business is located on PRIOR ROAD at it’s junction with SHERBROOK ROAD holding a corner position opposite the local Post Office and Convenience store and Doughty Engineering well known for its Aerospace technology. Follow the A60 Mansfield Road out of the City past the residential area of Sherwood and turn left onto Sherbrook Road which leads onto Prior Road. Nottingham is one of the most prosperous cities in the UK with high levels of employment and disposable incomes. Also renown for its abundance of pretty women, amongst the highest ratios of females to males in the country it attracts customers from all over the East Midlands. The residential area in which the business lies provides a high level of community support for this type of business.


PROPERTY DESCRIPTION
This is a substantial detached property built in the 1970’s with a pebble dashed façade. Internally the property was refurbished 18 months ago having an investment of circa £100,000. THE MAIN BAR & MUSIC ROOM (200) has scattered furnishings along with some fixed surround seating being fully carpeted. To one end, set to the side, is an alcove which looks directly onto THE STAGE and dance floor. To the other end is a fitted central bar servery with back fitting merchandising. THE GAMES ROOM (60) has a pool table and darts area, again with a mix of fixed and loose furnishings and fitted quality carpet. THE MEETING ROOM / SNUG (20) is furnished in keeping with the other rooms.
There are suspended ceilings throughout and slanted blinds to the windows. TOILETS , ladies & gents are located of the linked main entrance passage and to a good order. BEER CELLAR is located to the ground floor. A mangers office is also located from the passageway.


OWNERS ACCOMMODATION
Located to the first floor is a managers flat comprising of 2 bedrooms ( I with fitted robes), living room, fitted kitchen and family bathroom. The accommodation has a private entrance and roof space.



EXTERNALS
The business benefits from a large hard surfaced car park with partial tree screening. Subject to appropriate planning permisions , the car park is ideally located for use as a venue for car boot sales and public events such as community gala’s.


PREMISES LICENSES
The business trades with the benefit of a full premises license allowing alcohol supply from 10.00hrs to 23.00hrs all week. Current trading hours run from 13.00hrs to 23.00hrs Monday to Friday , 12midday till 23.oohrs Saturday and 12midday till 22.30hrs Sunday. This provides ample opportunity to develop further trading occasions by utilising currently unused hours.

TENURE
An unusual arrangement by way of a fixed non assignable tenancy agreement of 10 years with a 5 year break clause. Rent will be £20,000 pa with index linking and reviewed at year 5. The tenancy is fully tied however a generous raft of discounts are written into the agreement which allows for up to £105 discount per brewers barrel off the wholesale price lists of Mathew Clarke and Marstons Brewery. Machine income is split 50/50 after expenses. The freeholder being THE ROUTE ORGANISATION. Legal fees to be the responsibility of individual parties.


SERVICES
We are advised that all mains services are connected with the benefit of Gas Central Heating. Business rates payable are £5250 pa


THE BUSINESS
Our client’s have run the business under management with the support of an entertainment committee (non voting or shareholding within the constitution of the club) compiled from the membership which consists of 350 people who pay £5 pa single or £7.50 double. Sales are recorded as £225,000 pa inc vat 100%. Our client would prefer to let the business under its current form and use however they may be willing to enter into negotiations with a potential operator for other trading styles or models as appropriate. MAT for draught products at 431 pa, The freeholder is willing to take a view on the rentalisation of the F & F.


Superb opportunity to take on and drive forward a thriving and profitable existing business

Property information

Property:

Leasehold