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Popular Social Club With Function Room - Liverpool For Sale

Liverpool, Merseyside, UK
Asking Price:
£130,000 Furniture / Fixtures included
Turnover:
£218,759
Net Profit:
Available on request

Established Since 1958
Latest Accounts To 30th June 2019
Annual Turnover £218,759
Gross Profit £116,356
Accounts Available After Viewing
Bus & Prop For Sale but Land not Available
Main Bar Area Customer Seating For 80
Large Function Room With Bar & Seating For 125
Huge Potential For Introduction Of Catering
Ran Under Management
Free Parking To Front
Huge Customer Base Of Locals
Alcohol Licence In Place
Retirement Sale
Alarm System & CCTV Fitted Throughout
EPC - C

REF 6398 – Freehold Social Club With Function Room

Blacks Brokers are pleased to bring to the market this freehold social club with function room located in the much sought-after area of Old Swan, Liverpool.

INTRODUCTION

The Highfield Social Club Ltd was established in 1958 and our client took ownership in 2013. The club has a main bar with a huge base of regular, local customers and a large function room used for events such as birthdays, funerals, Christenings and so on. After sixty years of trade, the club has a range of customers from the local area that are regulars, the function room is well used by the local community and the business has established an excellent reputation, known for good value, superb entertainment and a family friendly atmosphere.

LOCATION

Positioned on Lexham Road at the junction of Queens Drive and East Prescot Road. This excellent trading position is close to a large residential area along with other local businesses, Alder Hey Children’s Hospital, shops and large multiples including Wetherspoons and Sainsbury’s close by. The area is well linked by the M62 with excellent public transport links and free parking is available to the front of the building.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but is currently operated by staff only due to our client’s retirement. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

STAFF

The business is currently operating with eight members of staff in employment. Our client is not involved in the day to day running of the business and offers support overseeing the management for around 6 hours per week. An owner operator would be beneficial to save on staffing costs; however, all staff are reliable and experienced in this sector.

FINANCIAL DETAILS

The Highfield Social Club Ltd has traded solidly during the last sixty years and has flourished in recent years with the addition of entertainment and sports coverage. We are advised that the business currently has annual turnover of £218,759 with around 66% of takings generated by the function room hire. Full financial details are available upon viewing.

BUSINESS RATES

The rateable value is £5,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This freehold business is long established and well known in this area of Liverpool. There is plenty of scope to develop the business further with the introduction of catering both in the bar and for the function room to give customers more of a “one stop shop” for their events and social time. A hands on owner operator could also bring further personal service consistency to the business. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to a pub/restaurant chain looking for expansion into this area. Early viewings are strongly advised and are welcomed by appointment only.

Property Information

Property:

Freehold

Business Operation

Trading hours:

Mon - 3pm - Midnight
Tue - 4pm - Midnight
Wed - 4pm - Midnight
Thur - 4pm - Midnight
Fri - 3pm - Midnight
Sat - 12pm - Midnight
Sun - 12pm - Midnight

Contact Blacks Business Brokers

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