Asking price: £500k < 1m

Sales revenue: £1m < 5m

Net profit: £100k < 250k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Pure Newquay, Cornwall's 1060 capacity superclub in the UK's number one destination resort for clubbing is for sale complete with lap dancing licence.

Pure Nightclub was launched in May 2009 following an extensive refurbishment of the former Talltrees Nightclub which had occupied the site for some 30 years. Pure, owned and operated by the Pure Group is for sale following its first successful summer season as the Pure Group refocuses it's club activities on the overseas club market for 2010.

Fitted with the latest state of the art Sound and lighting equipment in a fully refurbished venue, the club is ready to trade. Licensed until 3am days a week (4am on Bank Holiday weekends) and with a Licence for Lap Dancing (although not currently used) - this superclub sets the standard in Newquay and Cornwall.

Various options are available for interested purchasers including leasehold and freehold options.
Leasehold - 15 year lease fully fitted and ready to trade with option to purchase freehold 750,000GBP
Leasehold - 15 year lease without tenants fixtures and fittings (sound, lights etc) with option to puchase Freehold 500,000GBP
Freehold - ready to trade 1.5m GBP
Freehold without tenants fixtures and fittings (sound, lights etc) 1.25m GBP

4 Rooms/4 Dancefloors/1 VIP room/6 bars
4 Bedroom Apartment

All newly refurbished to high standard

More information contact below.

Years established: 30 years as a club (one year trading as PURE)

Trading hours: 7 days per week during the season - June to September 10.30pm to 3am (4am on Bank holidays)

Property: Leasehold

Lease terms
15 year lease from March 2009. Rent 50,000 GBP with 5 yearly fixed RPI rent reviews Limited repairing to initial schedule of condition which was prior to the full refurbishment so condition not really relevant No service charge OPTION TO PURCHASE FREEHOLD AT FIXED PRICE AT ANY TIME WITHIN LEASE TERM Within first 3 years freehold is fixed at 800,000GBP years 4 - 6 freehold is fixed at 800,000GBP plus RPI increase year 7+ twenty times the passing rent

Living accomodation
A newly refurbished high spec apartment is included. 4 bedrooms 1 lounge/dining hall 1 bathroom 1 kitchen Outside terrace

Location
Situated within easy walking distance of the Town Centre, Pure Newquay is located in Tolcarne Road, Newquay

Expansion potential
Pure quickly established itself as a credible clubbing venue in the heart of Cornwall, providing an experience not previously catered for locally to this standard. The premises do have a full lap dancing licence which is in force but has not been operated as part of the Pure brand experience. The premises would lend itself easily to splitting into two to provide a lap dancing club and maintain a largescale superclub for the mass tourist market.

Competition / Market
Newquay is the UK's number 1 clubbing destination for the summer season - the UK's answer to Ibiza ! Whether it be the destination of choice for Stag Parties, Hen Parties, Students, Surf enthusiasts - Newquay offers the full party package on home turf ! There are numerous bars, restaurants, clubs, hostels, hotels, campsites etc which cater for the influx of approx 100,000 tourists during the summer season, yet Pure is in a league of its own fitted out as part of a superclub brand.

Support & training
The Pure Group can provide a full management package to any prospective buyers that may need assistance. The management package can be tailored to the buyers requirements and can be from the full day to day operation through to purely a consultancy arrangement. Pure Group would also be willing to licence the use of its"Pure" nightclub brand to suitable operators.

Reasons for selling
The Business is owned and operated by the Pure Group. Following completion of another large Pure Group project, the Pure Group is intending to focus on it's overseas operation and maintain only it's Venue Management Services division in the UK.

Financing available
Deferred payment terms may be offered to suitable purchasers (Subject to status)

Related website: www.purenewquay.com

Related documents

		Pure Newquay Sample Press Coverage 2009

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