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Fantastic Newly Renovated Bar & Social Club In Sutton-In-Ashfield For Sale

Sutton-In-Ashfield, Nottinghamshire, UK
Asking Price:
£260,000
Turnover:
£183,000
Net Profit:
Undisclosed

Stanton Hill Progressive Club sits in the heart of the community and is the local hub to many.

The club has had extensive renovation with around £90k spent on the property.
The club is decorated to a high standard and comprises of the main bar area, which hosts seating for around 50 people, along with games machines and the main bar which is composed of a unique bespoke Oak and Resin bar area. There is also a smaller sports bar which hosts a pool table and dart board, along with seating for approximately 15 people.

Upstairs the property is a spacious recently renovated 2 bedroom apartment which includes newly fitted kitchen and bathroom.

The business would be ideally suited to a live in owner or couple. The staff costs are approximately £70k per year. The staff are part time and this can be dramatically reduced if owner managed which will in turn increase the profit margin.

Out opening times are currently 14.00-23.00 Mon-thurs, 14.00-24.00 Fri, 12.00-24.00 Sat, 12.00-23.00 Sun

As the property is situated in a residential area there is also the option to develop the property and would easily get planning permission to convert into 2-3 further flats or a HMO
This business has proved to be very popular in the area and has a loyal customer base.
This is the perfect business for an individual or couple who want to take the first steps in to running their own business as this established business has a loyal customer base.

Property Information

Property:

Freehold

Lease Terms:

Freehold