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Prime City Centre Freehold
Nightclub Recently Refurbished
Long Established & Well Known
Superb Location with High Footfall
Genuine Retirement Sale
Considerable Fixtures & Fittings Included
Stylish En-Suite Hotel Rooms
Possible Vendor Funding Available
EM&F are delighted to present to the market the opportunity to acquire this substantial Freehold Nightclub & Hotel situated in a prime location in Norwich City Centre. The Nightclub has been newly refurbished throughout and offers a great starting point for a new owner to takeover the business and hit the ground running from day one of ownership. This long established and well-regarded business has only now become available due to the pending retirement of the owner who has enjoyed the past 44 years serving the people of Norwich and those that come to visit. There is much scope for extending the opening hours and offerings of the nightclub or to redevelop the site, particularly given its excellent high footfall location. Viewing is highly recommended to fully appreciate what is on offer here and we urge any interested parties to contact us as soon as possible to arrange viewing.
THE BUSINESS ITSELF
The business and building are split into two distinct parts with the ground and lower ground floor housing the newly refurbished and well regarded 'Mojos' nightclub, with the first and second floor operating as 'Hotel Belmonte' which provides 9 stylish en-suite guest bedrooms.
Enjoying a turnover in the region of £435k with an adjusted net profit of c. £100k the business provides very well for the owner, however there is significant opportunity for a new owner to increase this substantially by developing its catering offering to hotel guests and the general public as well as by extending the opening times of the bar and nightclub to take advantage of the year round local and tourist trade.
There is a small but dedicated team of staff who are very capable of running the business in the owners absence which may be of appeal to someone looking for an investment which can be manged on a more limited basis.
With two successful revenue streams, a large Freehold property, extensive high quality fixtures and fittings and vast potential to increase turnover and profits further this is one which does warrant your closer inspection.
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
'Mojos Nightclub & Bar'
Entering the premises on the ground floor level through a large glazed frontage you are welcomed by a spacious reception area providing payment desk, bar and seating area with wall mounted TV's. This leads through to the main open plan club room with dance floor, a range of seating options including a -.-.- areas, a fully fitted out DJ booth which is complimented by a high spec sound and lighting system and two fully stocked bars with bottle and glass display shelving and cabinets together with electronic till points and other associated bar equipment. In addition the ground floor provides a fully equipped kitchen area for food preparation and glass washing.
The lower ground floor provides a further club room with a similar range of stylish fixtures and fittings, DJ booth, dance floor, seating areas and bar. Also at this level is an office, staff room, storage rooms, cellar and toilet facilities.
Externally the club has provision to the front for guests to congregate within a separated area from the main highstreet. The club is able to operate with a capacity of 460 guests.
Access to the hotel is through its own self-contained entrance with stairs leading up to the first and second floor accommodation. Providing in total 9 well fitted en-suite rooms with a selection of spacious single, twin and double rooms all presented to a very high standard with high ceilings, each with flat screen T.V's, Wi-Fi internet access and the usual complimentary hotel offerings.
The hotel benefits from double glazing, heating throughout, gas and electric supplies, full intruder and fire alarms and the building as a whole has a number of fire exit points.
This is a substantial property offering many possibilities which must be viewed to appreciate the extent of what is included within the sale and so we look forward to receiving your call to arrange this.
This is a substantial Freehold property offering multiple income streams and many possibilities to increase the scope of the business or redevelop the site subject to the necessary planning consents. Viewing is essential and highly recommended to fully appreciate the scope of what is on offer and we look forward to your call.
Strictly by appointment only, please call our Norwich Office on (01603) --- --- to make an appointment.
Finance may be available to suitable purchasers
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1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
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