Indoor Bowls Club And Function Rooms For Sale

Business description

Great opportunity to purchase a unique business comprising an Indoor Bowls and Private Memebers clubs which self operate with a substantial Function business including weddings, parties and conference facilities.
Huge potential to expand the business with a new website and marketing strategy. Accounts available showing turnover c£500,000.

Property information

Property:

Freehold

Location:

Location
Situated in the centre of a busy town in Essex, adjoining a popular leisure centre, attracting trade from the local area plus surrounding districts.

Business
The business comprises an Indoor Bowling Club, Snooker Room, Private Member's Club and Function Rooms providing Wedding, Party and Conference facilities. Well known business that has been established for the past 25 years with a good reputation and is being offered for sale due to owner retirement.

Business is achieved mainly through recommendations with very little marketing. The Bowling and Members Club self operate with the owner responsible for the Function trade. The turnover for this side of the company could be substantially improved with the introduction of a suitable website and marketing strategy.

The business achieved a turnover of c£500,000 for year ending June 2010 with a re-constituted net profit iro £120,000 per annum. Up to date figures are available for any interested party upon signed a NDA.

Bowling Club
8 lane indoor Bowling Green fully member operated including the catering with the owner receiving a fee of approx. £400 for each member. The membership currently stands at…

Private Members Club
Comprising Snooker Room and self contained Bar. The bar area is fully carpeted, seating for 32 people with an adjoining pump room providing the draft beers. This area also benefits from an adjoining purpose built kitchen equipped with 6 ring hob/oven, 2 microwaves, fridges and freezers.

Reception Area
Reception foyer and staff office. Sited from the entrance between the Bowling Green and Private Member's Area providing seating for 34 people at tables and chairs. The Ladies and Gent's Changing rooms and Cloakrooms are accessed from this area along with an office and small shop supplying sporting equipment for the Clubs.

Snooker Room
Comprising 3 Snooker tables, fully carpeted and small seating area.

Function Rooms
The main function room benefits from air conditioning, full carpeting, dance floor, sound system and spot lighting with a separate server /buffet area. This is a very light and airy room with windows on two sides.
Seating up to 120-140 people.

Adjoining fully fitted kitchen equipped with 6 ring hob/oven, stainless steel extractions system, deep fryer, two heated cabinets, double fryer, microwave, plate warmer, stainless steel work tops, industrial dishwasher, washing machine and two stainless steel sinks. Stock room and walk in cold store.

Second Function Room fully carpeted approx 14m x 8m with a capacity of seating 80 people.

Premises
Self contained building with approx.. 5,000 sq.ft Ground Floor footprint. Comprising a Ground Floor and First Floor. All hallways and stairs are fully carpeted.

To the rear of the building is an Exterior Bowling Green and terraced seating. Only a nominal rent is achieved from this area.

Tenure
100 years remaining of a 125 lease with a ground rent of £6,000 per annum. Freehold building. Rates c£24,000 pa.