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Landmark Venue - Nightclub In Cheltenham For Sale

Cheltenham, Gloucestershire
Asking Price:
£50K - £100K Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Rated as “the classiest nightclub in Cheltenham” and recommended by Tatler magazine as the place to visit for an evening out in Cheltenham, this nightclub offers a unique opportunity to acquire on going concern of a top rated, highbrow establishment in a highly sought-after location.

The property offers flexible use, but also offers the ingoing owner a turn key opportunity. Such is the excellent reputation of the venue it is frequently booked for company events, as well as parties and the destination of choice for many in this bustling town.

Trading successfully but offering room for growth, an ingoing owner has the opportunity to further drive trade by implementing their own ideas as well as taking advantage of the dedicated local following and high tourist footfall.

The business has a strong trading history. Further financial information will be made available to interested parties following a formal viewing and completion of a NDA.

If interested please contact the seller through the form below.

Property information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

Interested parties will be required to place a 6-month rent deposit and provide the landlord with a personal guarantee along with trade and personal references.

Leasehold Rent:

£110,000 per annum

Living Accommodation:

1 Bedroom Studio Apartment; Fitted Kitchen, Bedroom, Living Area, Bathroom, Central Heating.

Location:

This nightclub is set within an imposing end terrace regency property with tastefully decorated rooms over three floors. There is an entrance hall, cloakroom, and welcome bar on the first floor.

Cheltenham is a historic spa town located on the edge of the Cotswolds area of outstanding natural beauty. Famed for its imposing regency style buildings, the town has developed a reputation as an affluent hub of commercial and residential activity. The tourist trade is plentiful, with year-round events including festivals of science, music, literature, food and jazz. There is also the world-famous Cheltenham Race Course, home to the Cheltenham Festival, including the Gold Cup. The town is home to six campuses of the University of Gloucestershire, as well as major employment hubs such as GCHQ, global clothing brand Superdry has its headquarters in the town.
The nightclub is located at the end of Montpellier, near the start of the main promenade. Montpellier is an affluent area of Cheltenham known for its eclectic mix of independent shops, bars, restaurants, and coffee hubs.

Premises Details:

There are five bars over three floors including an outside terrace. Upstairs there is a large space, currently arranged as self-contained living accommodation and offices. There is also a commercial kitchen onsite.

Size in square feet:
6500 Sqft.
Planning Consent:

A3 Consent.

Business Operation

Expansion Potential:

Given the style & size of this prominent property there is huge expansion potential; daytime trading, wedding venue, corporate hospitality & events as well as building upon the already healthy late night trade.

Competition / Market:

Cheltenham is a thriving town attracting custom from a across the country to its many festivals and world-famous Horse Racing Events. The town boasts many Bar & Restaurants the serve to supply a healthy trade to the late night economy. The nightclub is one of only a few late night venues in the town.

Trading hours:

Friday, Saturday & Sunday 10pm until 4am

Employees:
10 - 15
Years established:
15 Years.

Other Information

Support & training:

4 Week handover period. Website & Social Media.

Furniture / Fixtures value:
£10,000 - included in the asking price
Website:
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Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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