Substantial Freehold Proprietary Club For Sale

Business description

A SUBSTANTIAL FREEHOLD PROPRIETARY CLUB SITUATED WITHIN THE HIGHLY SOUGHT AFTER COASTAL LOCATION OF CANVEY ISLAND, ESSEX - BUSINESS CURRENTLY CLOSED




Substantial property situated in the desirable coastal location of Canvey Island, Essex.
Atmospheric Main Lounge Bar (60+), Children's Play Room (30+), Pool Room (30).
Sales for Y/E April 07 circa £204,000 (incl.VAT).
Gross Profit circa 67%.
Trading on reduced hours.
100% wet sales.
Massive potential for fully focussed enthusiastic hands-on owner operators.


A TRULY UNIQUE OPPORTUNITY TO PROCURE THIS WELL ESTABLISHED BUSINESS WITH A SOLID TRADING FOUNDATION WITH SUPERB PROFITS AND MASSIVE POTENTIAL.


IDEAL PRIVATE/CORPORATE ACQUISITION.


ASKING PRICE £200,000 FREEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This superb proprietary club is situated in the beautiful county of Essex in the desirable coastal location of Canvey Island; this excellent business can be easily reached from junction 29 of the M25 circular. This superb business is ideally situated for the thousands of visitors and tourists coming to this popular locale.

Being situated close to Southend on Sea and Basildon makes this beautiful location an excellent commuter area with easy access to the M25 circular, the M11, M20 and M23 motorways and the major international airports of Stanstead, Gatwick and Heathrow.

This popular and characterful business is well used and has an excellent level of repeat trade. Situated in this highly sought after coastal location and is well serviced by local schools, shops and amenities.

THE PROPERTY

This substantial single storey property of brick construction under a pitched, tiled roof; covered with a waterproof membrane.



Main entrance at the front leads into the lobby with access into the Main Lounge Bar.

Main Lounge Bar (60+) is a good sized atmospheric room having a feature return bar servery with a matching back fitting and a full range of trade optics and refrigerated bottle coolers (not tested) which are complimented by the fixed leather upholstered perimeter seating with loose tables and upholstered chairs. There is also a beamed ceiling and AWP’s x 2. Access to the W.C's, Children’s Play Room and Pool Room.

Children's Play Room (30+) having fixed leather upholstered perimeter seating with loose polished tables and upholstered chairs. There is a darts throw and games machines x3. Access to the Pool Room.Pool Room (30) is a bright and airy room with a pool table and lighting over, fixed leather upholstered perimeter seating with loose tables. There is also a TV and a games machine. Access to the W.C's.



Ladies and Gents W.C's.

Ground Floor Cellar with delivery access, python, pumps and cooler.

Store Room (could be converted into a kitchen).

EXTERNAL

There are ample parking facilities on nearby roads.

TRADING AND LICENSING

We are advised that the inn trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon - Sunday - Midday - 11.00pm

The current trading hours are as follows:

Mon - Fri - Midday - 5.00pm and 7.00pm - 11.00pm

Sat - Midday - 11.00pm

Sun - Midday - 10.30pm

NB Important: Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intended operation of licensed premises. Guy Simmonds hold this 1 Day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The business and property is being offered for sale freehold (although we have not had sight of the title deeds).

We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested).

Business rates advised as being £1,848.85

THE BUSINESS

This superb proprietary club is currently operated by our vendor client on a part time basis with the assistance of 4 part time members of staff. Our vendor client has owned this superb business for the past 35 years and has decided to sell this well established business in order to retire and to take life at a more leisurely pace.

This excellent proprietary club is an extremely successful and profitable business with the current owner having established a solid trading foundation yet still offers new enthusiastic owner operators plenty of scope to increase upon the sales and profits. Sales for year ending April 2007 circa £204,000 (incl.). Gross Profit circa 67%.

In our opinion there is excellent potential to increase the sales and would quite easily expect new fully focussed enthusiastic full time owner operators to achieve a turnover in excess of £250,000. Trade is currently derived from 100% wet sales.

Accounting information will be made available to interested parties after viewing.

Property information

Property:

Freehold