Nightclub in Dorset For Sale

Situated in a parade, excellent trading position, town centre, DORSET

Turnover £ 4,000
Price £100,000

Features

Well Fitted Nightclub

2 NIGHTS OPENING
FULLY REFITTED 2022 TO A VERY HIGH STANDARD
CAPACITY 220 PEOPLE
£15,000 RENTAL INCOME

SINGLE FRONTED PREMISES, vinyl floor, ceiling with spot lights & LED, Air conditioning with hot air. Bar with 2 EPOS till, drinks display fridge (glass fronted upright double-door), 2 x drinks display fridge (glass fronted upright), soft drink dispencing machine, ice maker, glass washer

Seating for 20 people

DJ Booth, with Sound System

Well fitted VIP section with seating for 25 people.

First floor

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Stock room

Welfare room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w.

Staff

The business is at present operated by the vendor with the assistance of 3 bar staff, 1 cleaner & 3 security.

Trading Hours

2 Day week (7 day 4.30am licence)
FRIDAY & SATURDAY 10pm - 4.30am

Accommodation

First Floor Studio flat at present let on a shorthold tenancy providing a rental income of £750 per month
Kitchen.
Bathroom with bath, w.c. and wash hand basin.
Small garden

Large 1 bedroom flat. At present let on a shorthold tenancy providing a rental income of £1,200 per month The accommodation comprises:
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Second Floor, at present let on a shorthold tenancy providing a rental income of £1,550 per month

2 Bedroom flat
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £27,000 p.a. (As will be appreciated with the rental income currently of £42,000 p.a. in respect of the self contained maisonette, there is in fact at the present time a profit rental of £15,000 p.a).

Business Rates from April 2024 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote