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Members Snooker Club Town Centre Location For Sale

Newark-On-Trent, Nottinghamshire
Asking Price:
Net Profit:
Available on request

The business is well established and has been operated by the current owner for over 10 years which has now grown to over 700 members. Our client now looks to sell the club, due to the desire to develop other business interests.

The business operates a pay by the hour table system with members also subscribing to a membership fee which is due to be paid on an annual basis and is also open for non-members to join. The business is very active in the pool league and runs 8 different pool teams as well as 62 players playing in the singles league. The club also has a number of darts teams and in addition to this runs separate Poker nights which are proving very popular.

The venue is fully licensed serving a range of beers wines and spirits as well as a providing a bar menu serving hot and cold snacks with the kitchen having been awarded a 5* hygiene rating.

The business has numerous income streams including quiz and gaming machines as well as selling new snooker and pool cues along with ancillary equipment.

Memberships are £15 a year
Lockers are £25 a year.

The business offers the opportunity for a new operator to expand the food offering further, as well as promoting the business through social media and a strong web presence encouraging further membership in this ever-popular sport.

Located in the centre of Newark the club enjoys a town centre presence and is situated to the first floor of the property.

The site is close by to all the main road network links in and out of Newark and is easily accessible by bus train or car and can be easily found on foot from any of these modes of transport.

There is additional car parking at the club for 17 cars as well as a pay and display car park next door.

First floor snooker hall covering approximately 360 square metres.

Car parking to the rear for 17 cars.

1 x 9' Chinese 8 ball table.
3 x Full size snooker tables
7 x English pool tables
2 x fruit machines
1 x quiz machine
4 x flat screen Tv’s
Fully airconditioned throughout
Fully fitted bar including glass fronted drinks display fridges, stools and soft furnishings.
Fully fitted kitchen with 2 x fridge freezers, microwave, coffee machine, glass washer and food preparation units.
Separate office and poker room to the rear of the premises.

We are advised the business is being sold as a Leasehold opportunity.

New Lease of 15 years current rent passing at £15,000 per annum, only to increase after 5 years by £500 and the same again 5 years after that.

The business is currently operating seven days a week Monday to Friday 12pm to 11pm, Saturday and Sunday 11am to 11pm.

The business is run and managed by the current vendor with family assist plus 4-part time members of staff.

Financial Profile
We are advised the business is currently turning over in the region of £140,000 per annum.

The current rates payable are at £1,000 per annum.

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