Property Information
Address:
Derby, Derbyshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489369
Property Ref/Agent: 2242-popular-sports-and-social-club-in-derby-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this well established and very popular sports and social club in Derby, Derbyshire. The business was established in 1976 and has been in our client's careful ownership since 2010. Only now is the business being offered to the market due to our client's other business interests. The business is open 7 days per week and generates a turnover in the region of 228,000 per annum, with a gross profit of approximately 50%.
The premises are well-equipped to suit the trade with a large bar with 17 points of dispense and 2 soft drink dispensers, which serves both the main lounge bar area and a separate lounge. The business is well supported within the community and boasts two dart teams, four pool teams, two snooker teams, kids and dads' football teams, a fishing club and a sponsored hockey team. The business also hosts special events such as bingo, karaoke, disco's and special events such as Halloween parties. The business also offers Sky Sports facilities, with three large screen TVs in the main bar area plus a projector screen with a HD projector.
The property also boasts a function room with a capacity for approximately 200 persons, tiered seating areas and a stage, which is fully booked until the end of January 2015 for private evening functions in the evenings and Slimming World use during the daytime. As well as the main bar area the property has a snooker room, a kid's room and a separate lounge area. We feel the turnover could be increased by offering food services during the day, as a partially fitted kitchen is available, although kitchen equipment will need to be installed.
The club was previously closed and our client purchased, refurbished and re-opened the business four years ago. It is a very large club which is family run with no committee and is well supported and very successful. A new owner could embark on a small marketing campaign to generate further trade, as well as launching a website to promote the business and the services offered. This is an excellent opportunity for a new owner to take this already popular and thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Leasehold:
Original lease length: 20 years
Remaining lease length: 20 years
Review every: 5 years
Rent: 26,000 per annum.
We are informed that our client holds a long lease for the property, although the purchase of the long lease may be considered for 400,000, which includes the business.HOURSThe business is open:
Monday - Sunday: 11.00am - 11.00pm
Additional hours available subject to demand.STAFFThe business is owner run and managed with 7 x part time staff membersFINANCIAL PROFILEThe business generates a turnover in the region of 228,000 per annum, with a gross profit of approximately 50%.
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