Opis:

Freehold

Asking price includes:

Turnover circa £200,000 per annum
Gross Profit circa £93,000
Net Profit circa £36,000
Two large function rooms
Loyal clientele
Wedding/party venue
Venue well known throughout area

Business profile:

This business has been established for approximately thirty years and has been managed by the current owners for the last eleven. The business has for many years been well known as 'the place to go 'especially at the weekend on the Isle of Sheppey.

Since taking over the business several years ago, the current owner has invested £500,000 to ensure that the venue is able to retain its reputation throughout the local community and beyond.

New flooring, ceilings, bar areas, toilets, furniture and pool tables as well as converting dead space into an additional bar have all contributed to the continued success of the business.

The club opens until 2 am on Fridays and Saturdays and it is these weekend evenings where the establishment comes into its own. The club is used as a disco/dance venue to visit after meals or drinks at other premises across the island.

The business has two large function rooms that are hired for Weddings and other celebrations. The venue can cater for approximately 200 people in the function suites and another 200 in the main club/bar area.

The business has a separate pool/snooker room that is used by the club's own pool team. Other social and sports clubs have and still are using the venue as a base or meeting point.

The club is located alongside a large private car park with spaces for 80 vehicles.

The business is not tied to any brewery and is able to negotiate its own deals for their drinks. This allows the bar and the club to be highly competitive in attracting growing numbers of customers to come and spend their money whist having a great night out.

The freehold property has under gone an extensive refurbishment and is constantly maintained to an excellent order.

There are considerable opportunities within the club and bar area to increase turnover.

Equipment:

All the fixtures and fittings that are required to continue to run the business are of course included in the asking price. These include bar equipment, refrigeration, sound system, furniture, pool tables etc.

Customer Service:

The business is known for its friendly atmosphere. The owners and their staff are well known by the clientele and there is a real bond amongst the regulars who use the venue to catch up with each other as much as possible.

The business manages several thousand customers during a normal month and has the systems, infrastructure and people in place to ensure that customers are always satisfied. High quality service, excellent value for money and a welcoming atmosphere are paramount to the success on which the bar and club were built upon. The results of this are self evident in the businesses sustained levels of repeat customers.

Key Strengths:

The business benefits from its excellent reputation for offering very affordable venue hire. Weddings, birthdays, anniversaries and wakes bring in revenue several times a week.

The business is also benefiting from the trend that means more and more of the local population now see the immediate area near to the club as the best location for nightlife throughout the area.

Growth and Expansion:

The current market for this business's services is growing and the forecast in the near and long term is for significant growth. The business has little or no competition in the local area and they are well positioned to take advantage of the growth as it occurs.

The business does have a kitchen, but at present does not offer food for sale. With the growing trend for gastro pubs, adding food to the club's list of services provides an obvious route for the business.

The club is closed on Mondays and a more proactive approach to bringing customers in during the early part of the week, for example by showing sports on big screens or poker evenings would be another opportunity for growth.

Special theme nights for example for singles would also add to existing levels of trade.

Premises:

The business comprises a bar, second bar and dance floor, two separate function rooms both with additional private bars, preparation area, kitchen, office and stock room and parking for up to eighty vehicles.

Business Hours:

Tuesday, Wednesday and Thursday: 5 pm -12 pm
Friday: 5 pm - 2 am
Saturday: 12 noon - 2 am
Sunday: 12 noon - 12 pm

Security:

The business has an alarm system and CCTV.
Advertising and Marketing:

The business only advertises sporadically in the local press. Posters are put up to promote future events.

Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover is circa £200, 000, gross profit is circa £93,000 and adjusted net profit is circa £36,000.
Employees:

The business employs only minimal staff at the beginning of the week. This figure rises to as many as thirteen on a Saturday evening.
Support and Training:

All necessary training and a full handover are available to ensure continuity of trading.
Reason for Sale:

The current owner has is looking to take retirement.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk