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Busy Free Of Tie Nightclub For Lease Equator For Sale

Walsall, West Midlands
Asking Price:
£160,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£412
Net Profit:
£50K - £100K

*** If you are interested and have the cash funds available (please do not waste our time if you need a bank loan or reams of accounts proving P&L - clearly you do not know this industry!) Certain information is required to satisfy the landlords of any new tenants suitability and this will be required along with proof of funds within 72 hours of any offer being put forward and accepted. All due diligence is welcome. ****

Busy 900 capacity FREE OF TIE nightclub in affluent area a few miles from Birmingham City Centre. Other retailers in the town include Yates, The Registry, Pop World, Manhattans and various other bars / clubs. Established since 1975 this venue currently trades Thursday, Friday and Saturday and bank holiday Sunday's. 8 pm - 3 am. License is 8 pm - 3 am Monday to Sunday so there is potential for additional opening hours / days. The property is currently traded solely as a nightclub but it has the potential to open as bar, restaurant or other alternative uses, it also has the potential for the upstairs to be converted into separate business, as the current lease allows for a sublease, it also has the potential for upstairs to be converted into flats, or office buildings. One side of up stairs, has has new carpets fitted, has a working separate toilet and washroom and a separate shower, could easily be converted into flats, or office buildings. The other side of upstairs would need refurbishment to rent out as offices or flats, with a total of 8 rooms that side. Downstairs aside from the nightclub, there's an office and storage room, and there's two further rooms that are currently not being used, one is at the front of the business, fitted with take away equipment, which is another source of income in subleasing that room out as well. The premises are in great order as the property had a £300,000 refurbishment for when it opened in May 2017, with an outdoor Shisha area and separate outdoor smoking area. Lots of F&F, including an extensive CCTV, top of the range lighting, 9 flat screen TV’s and 100” video wall, mini grand piano, fire alarm and aircon system, glassware, open fire pizza oven, furniture etc( the entire contents of the club are included) Lease till 2027, rent fixed at £50,000 PA no VAT payable. Business is currently trading on average at around £10,000 per week with a fantastic GP and the potential to trade at a much higher figure, with opening more days and possibly using the premises as a restaurant during the day. Low overheads for a business of this size and scale. Everything included in sale including stock, websites, social media accounts etc.

Please do not waste our time if you don't have the money. You could not buy a business like this even without trading history for the price advertised. We are in No rush to sell. Details and further information will only be given to purchasers who can prove they are in a position to complete on a sale. A great opportunity to acquire a well established and well fitted out site with everything needed to trade from day one, including an established client base and an extensive array of social media and internet presence.

Open to sensible offers for a hassle free and quick sale.

For further information please contact the seller by completing the form on this page.

Please take a look on youtube at our promotional videos to get a better idea of the venue.

https://youtu.be/1tB3s5IYpWw

https://youtu.be/JQCcxhr7qMg

Property information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

10 year lease

Leasehold Rent:

£50,000 per annum

Location:

High street location, in busy affluent area of Walsall Town Centre

Business Operation

Competition / Market:

Licensed to serve food and open 7 days a week, definite room for improvement and development.

Reasons for selling:

Due to family and other commitments.

Trading hours:

Thursday-Saturday 8pm-3am

Employees:
20
Years established:
1975

Other Information

Support & training:

Owners are happy to offer a free period of support to any purchaser

Furniture / Fixtures value:
£100,000 - included in the asking price
Inventory / Stock value:
£4,000 - included in the asking price

Contact Seller

Contact Information

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