Free Of Tie Snooker Club In West Midlands For Sale

Business description

FREE OF TIE SNOOKER CLUB - WEST MIDLANDS
Advised turnover of £127,000 PA with good GP returns
Early interest and viewing is highly recommended
Excellent partnership/husband and wife business
Sale price includes all fixtures and fittings
Sizeable free of brewery tie bar/lounge
Genuine poor health reason for sale
Ideal lifestyle change opportunity
Ideal trading location in Dudley
Huge scope for future growth
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer for sale this superb leasehold snooker club which has a proud history dating back to the 1980s. The business has been owned by our client since 2007 and it is only now being placed onto the market due to unfortunate poor health and the need for a change in lifestyle. The club achieves a very respectable advised annual turnover of £127,000 which is derived from its memberships and the sale of beers, wines and spirits as well as associated hot and cold beverages. The club operates on a completely free of brewery tie basis meaning that the owner has the option to buy alcohol from the keenest and best priced suppliers. The club also boasts 3 league teams which also contribute to the consistent turnover. Our client has gone to considerable expense and effort on the properties presentation which has resulted in an inviting facility for its members. The club has a massive growth potential and has many alternative revenues still to be explored including private functions and the introduction of a food menu. Our client is generously including all fixtures and fittings into the sale price which means that a new owner will not need to spend additional funds for the foreseeable future. We would like to advise early interest in this opportunity as clubs of the size and quality rarely appear on to the market.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 21 years
Remaining: 17½ years
Rent: £19,250pa

Location:

This superb leasehold snooker club is situated in the area of Lower Gornal which is a northern part of Dudley in the West Midlands. The business has an ideal trading location from being situated within a densely populated residential area with a neighbouring large supermarket and a range of close by commercial businesses. The club benefits massively from its location as there is a large amount of local residents living within a short travelling distance. The business also benefits from the neighbouring supermarket as it draws a good amount of visitors to the clubs location on a daily basis. Dudley is a highly desirable location which offers good housing, excellent central shopping facilities, many historic attractions, good schools, NHS services coupled with easy access road and rail transport services. The club is less than 5 miles away from the M5 motorway which links to the M6, M40 and M42 making visiting and commuting very easy.

Premises details:

vehicles, external seating area with smoking shelter, secure roller shutter entrance, male and female toilets, sizeable 70+ capacity bar lounge with a range of seating and serving bar, pool area with gamblers, 3 storage rooms, 9 table snooker hall with good spacing, independent lighting and score boards.

Ground Floor
Highly visible advertising boards and property signs and private drive access with parking
Secure front entrance with roller shutter security to reception corridor and male and female toilets.

Bar/Lounge - Traditional pub style bar lounge with fitted seating, tables, stools and chairs for capacity of 70+, fitted bar with pumps and spirit displays and enclosed preparation wash area.

Pool room with pool table, games and gamblers plus 3 x storage rooms with east car park access for deliveries.

Snooker Hall - 9 well spaced snooker table with independent lighting and score boards (11 tables owned by the club).

External
Large rear private parking area for 30-35+ vehicles and front enclosed external seating area with picnic benches and smoking shelter.

Business Operation

Trading hours:

Monday: 11:00am - 11:00pm
Tuesday: 11:00am - 11:00pm
Wednesday: 11:00am - 11:00pm
Thursday: 11:00am - 11:00pm
Friday: 11:00am - 11:00pm
Saturday: 11:00am - 11:00pm
Sunday: 11:00am - 5:00pm