Freehold Licensed Social Club For Sale

Business description

Freehold Licensed Social Club
(with possible development potential)

Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity.

This busy and vibrant FREEHOLD Social Club was borne in 1995, when the current owner bought the premises and began the conversion and constant upgrading programme which leads to today.

These large (circa 7200 square feet) premises were originally built in 1975 and consist of a ground floor with two separate Bar areas, one complete with stage, dance floor and plentiful seating, plus a second large area complete with full size snooker table, pool table and slot machines etc. The second floor has been very nicely converted to a very large two bedroom owners apartment, and has been finished to a high standard. The third floor stand up attic space measures approximately 34ft. x 34ft. and is yet to be converted.

The whole of the building has been a programme of continual improvement through the current owner, whose resource of energy and drive are still represented as they were in 1995. Everything from floor coverings to seating to Bar machinery have been carefully selected notwithstanding cost and presents itself both as a business and living accommodation to very pleasantly high standard.

The Club enjoys a membership of circa 600 with a strong attendance by Peterborough United Independent Supporters Club Members and followers of Peterborough Panthers Speedway. The club received investment for a well fitted out commercial Kitchen from the owner in 2008, to increase the previously limited food availability. The effects of this are too early to be measured accurately, but look to be very encouraging and should increase turnover and net profitability as this side of the business develops out.

The owner has also recently invested in a large outside covered patio area with tables and chairs. The Club also has within its grounds ample parking for up to 16 cars to complement the on street parking adjacent.

In always trying to embrace the larger picture, the owner has recently applied for planning permission to convert the site in to a development of 18 flats. This, at today’s date, remains under consideration with the local Council.

Equipment:

This offering comes complete with a very comprehensive inventory of machinery, equipment, furniture, fixtures and fittings etc. All such inventory is expected to be included in a successful sales package.

Customer Service:

The many, many pictures which are attractively displayed on its walls, offer testimony to the strong and close links that this Club enjoys with the local community.

Key Strengths:

The key strength of this business must surely be the 600 members and their guests, who have actively selected this Club as their social outlet, and provide an excellent base to carry the business forward.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Property information

Property:

Freehold

Location:

These Freehold premises have been described in the earlier part of this document. They are connected to all main utilities and annual rates come in at circa £6,000

Other information

Competition / Market:

The club frequently advertises its entertainment programme in the local newspapers but, to date has not developed an Internet Website. This, coupled to the nature of their members social activities may be seen as an opportunity by a new owner.

Support & training:

Full support and any necessary training will be provided during handover as part of a successful sale package.

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

Monday – Thursday: 11.00am – 2.00am
Friday, Saturday: 11.00am – 4.00am
Sunday: 11.00am – Midnight