Newly Renovated Bar & Social Club in Sutton Ashfield with Potential for Property Development
Sutton in Ashfield, Nottinghamshire
- Status
FOR SALE
- Date Submitted:
05/04/24
- Advert ID
609330
- Reference
BSL2311301 / Rightbiz
- Call Agent:
- Freehold: £260,000
- Turnover: £183,000 (£3,519 Per week)
- Net Profit: On request
Key Features
- Offers Invited
- Prime Location
- Established Business
Business Details
Fantastic Opportunity to Own This Newly Renovated Bar & Social Club
Stanton Hill Progressive Club sits in the heart of the community and is the local hub to many.
The club has had extensive renovation with around £90k spent on the property.
The club is decorated to a high standard and comprises of the main bar area, which hosts seating for around 50 people, along with games machines and the main bar which is composed of a unique bespoke Oak and Resin bar area. There is also a smaller sports bar which hosts a pool table and dart board, along with seating for approximately 15 people.
Upstairs the property is a spacious recently renovated 2-bedroom apartment which includes a newly fitted kitchen and bathroom.
The business would be ideally suited to a live-in owner or couple. The staff costs are approximately £70k per year. The staff are part-time and this can be dramatically reduced if owner-managed which will in turn increase the profit margin.
Out opening times are currently 14.00-23.00 Mon-Thurs, 14.00-24.00 Fri, 12.00-24.00 Sat, 12.00-23.00 Sun
As the property is situated in a residential area there is also the option to develop the property and would easily get planning permission to convert it into 2-3 further flats or an HMO.
This business has proved to be very popular in the area and has a loyal customer base.
This is the perfect business for an individual or couple who wants to take the first steps into running their own business as this established business has a loyal customer base.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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