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Hugely Popular PINK Nightclub And Millionaires Bar For Sale

Hanley, Staffordshire, UK
Asking Price:
£1,100,000 Furniture / Fixtures included
Turnover:
£500K - £1M
Net Profit:
£100K - £250K

*KEY HIGHLIGHTS*
Long Established & Profitable Freehold Nightclub & Bar
Main circuit location with 4.30am Licence
Ground floor Pink Nightclub (300)
Millionaires Bar & Function Suite (100)
Extensive 3/4 bed manager's accommodation
Consistent & Impressive annualised Profits in Excess of £200,000.

THE OPPORTUNITY
Pink Nightclub has been long established since 2006 and has successfully traded as an independent nightclub and bar since its inception. The business currently trades Thursday to Sunday and is being offered for sale due to our clients looking to move abroad.
The business is presently run by our client with a part-time assistant manager and 8 part-time staff, but could be run under management.
For further details on Hanley's leading party venue, please follow their social media accounts on Instagram and/or Facebook: Pink Stoke on Trent

TRADING INFORMATION
Consistent & Impressive annual net turnover with adjusted net profit in excess of £200,000.
Full accounts available upon receipt of a signed NDA.

BUSINESS RATES
The Rateable Value is £21,500 with effect from April 2023. Confirmation of actual business rates payable should be obtained from the local authority.

FIXTURES & FITTINGS
All fixtures and fittings are to be included within the sale however, any items that are owned by a third party or personal to our clients will be exempt.

REGULATORY
The business has a premises licence 7 days a week until 4am.

Property Information

Property:

Freehold

Living Accommodation:

Quality refurbished owner's/manager's accommodation situated to the first floor comprising; landing, lounge, 3 bedrooms, office, dressing room, bathroom, and utility room.

Location:

Occupying a prime city centre location, whereas Millionaire's has independent access within the main licensed and retail circuit.

Premises Details:

A substantial three storey mid-terrace of colour rendered brick and panelled glass elevations beneath a multi-pitched roofline with single storey trade and ancillary extensions to rear.

INTERNAL DETAILS
Ground floor: Entrance reception, Pink Nightclub (300), air-conditioned trade area with glazed picture windows to the front elevation, large wooden top bar servery to one wall, multiple inset TV's, high bar stools, VIP area, raised stage and DJ booth, wooden dance floor fixed perimeter seating, internal stair case to lower ground floor.

Millionaires Bar/Function Suite (100), split-level open-plan air-conditioned trade area with a good sized centrally located 'vibrant' illuminated pink bar servery, wooden flooring, free-standing tables & chairs, entrance & exit on to Foundry Street.

ANCILLARY AREAS
Ground floor: Reception area, dry goods store, ladies & gents wc, and disabled wc.
Lower ground floor: Dry goods store, main cellar, customer wc's

EXTERNAL DETAILS
Externally, the property has a secure gated yard to the rear, and bin storage.

OWNER'S ACCOMMODATION
Quality refurbished owner's/manager's accommodation situated to the first floor comprising; landing, lounge, 3 bedrooms, office, dressing room, bathroom, and utility room.

Energy Performance Rating:
B

Business Operation

Trading hours:

The business has a premises licence 7 days a week until 4am. The business trades
Friday to Sunday 10pm - 4am

Years established:
2006

Other Information

Financing available:

70% funding options available subject to status. Christie Finance has over 40 years experience specialising in sourcing commercial finance. We can offer support throughout the whole buying process, working tirelessly on your behalf to deliver effective funding solutions on a timely basis. We can offer both secured and unsecured lending solutions to suit potential buyer requirements.

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