Freehold Torquay Squash Club With Restaurant Potential For Sale

Business description

Freehold Torquay Squash Club, with Restaurant Potential

The club was established in 1972 and has been owned by the present husband and wife team for twenty-three years.

The club is located on one of the main roads into the town of Torquay. The impressive mock Tudor building was constructed in the 1920’s as a private residence and it lies in its own grounds of circa three quarters of a n acre and set back from the road leaving ample parking for approximately forty five cars.

Internally the clubhouse exudes an atmosphere of quality with all of the original oak panelling and bespoke doors and windows being preserved to maintain the feeling of a gentleman’s residence. There is a small reception area leading to the bar where members can enjoy a drink after their matches and which forms the hub of the multitude of social events that the owners put on during the year.

A fully equipped kitchen provides bar snacks and more substantial meals served in the beautiful oak panelled dining room that can cater for thirty covers at any one time. The owner has an office to the front of the house that benefits from plenty of natural light.

In recent years the club has added a large snooker room that contains two full sized tables and is used extensively by members and visiting teams from other clubs.

The club has its own pro shop that carries a range of sports clothing, a full range of rackets and a selection of specialist shoes. The club has a full time professional who offers coaching for all levels of ability.

To the rear of the premises there are Ladies and Gents changing rooms with showers and toilet facilities. There is a small but well equipped gymnasium with a full range of static exercise machines. The club also has a solarium room.
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There are five squash courts in total one of which is glass backed with a small spectator area and referees raised seating. The courts are fastidiously maintained and represent some of the best facilities in the South West.

The owners occupy a spacious and well-appointed flat at the top of the house. This has a fully fitted kitchen two double bedrooms with en suite bathrooms (one being a complete wet room) a separate bathroom, dining room and a lounge with access to a roof top BBQ patio.



Membership

The club has around four hundred members. This total is made up of a variety of different membership categories. Squash, Gym, Snooker, Snooker and Gym and Social.


Key Strengths:

This club has an atmosphere that makes it a great place to be whether as an employer, an employee or a member. The business benefits from a broad range of revenue streams including, membership, bar takings, catering revenue, pro shop and a multitude of social events such as quizzes and curry nights.
The buyer benefits from living on site.
Superb location
Good profitability

Financial Information:

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. The business generates a revenue stream of around £180,000 with net profits being in the region of £30,000.

Property information

Property:

Freehold

Other information

Support & training:

Having spent twenty-three enjoyable years building the most successful and prestigious squash club on the south coast the owners are very keen to see the business continue to flourish. As such they are willing to provide a comprehensive and professional handover for a period to be agreed as part of the overall sales negotiation.