Skip to main content

  • Listing ID: 2310922
  • (Seller ref: 1036)

Central Edinburgh Nightclub/late Night Lounge (ref. 1036) For Sale

Edinburgh, Edinburgh City
  • £100,000
  • (Furniture / Fixtures included)
Turnover:
Available on request
Net Profit:
Available on request


Business Description

Infinity Nightclub was extensively refurbished in 2016 and occupies a very prominent trading position in Edinburgh city centre located close to Broughton Street, Playhouse Theatre and the brand new St. James Centre development.

The availability of Infinity Nightclub on Picardy Place represents an ideal opportunity for prospective purchasers to acquire a substantial licensed venue in an already established popular licensed circuit in Edinburgh city centre.

The trading area has three distinct areas with a large open plan main bar area with dancefloor located off and further seating area beyond a second bar area which can be completely self-contained from the rest of the business with its own bar and dj area. This then leads to an exclusive VIP area which is located off the second bar. The VIP area has its own private dispense bar.

Although the business trades as a nightclub it has several different licencing options to continue in the same format or adapt as a popular late night bar.

The business benefits greatly from the extent of its premises licence with favourable extensions and also benefits from being a free of alcohol tie offering.

The business is run under management by our clients with several part-time members of staff.

In order to assign the lease the landlords will require background information on prospective tenants in order to authorise consent. This may include a request for a business plan as well as confirmation of funding. Prospective tenants will also be asked to provide a deposit equivalents to 3 months rent.

Further information available upon request, please contact seller below for more details.

Property Information

Property:
Leasehold
Lease Terms:

The business is offered for sale on a lease basis. In 2016 our clients obtained a 5 year lease from the landlords. However, the landlords have advised that subject to covenant they would be willing to discuss a sizeable increase on tenure of lease.

The business operates on a free of tie basis with an annual rental of £150,000 + VAT.

Leasehold Rent:
£150,000 per annum
Location:

Infinity Nightclub occupies a very prominent trading position in Edinburgh city centre located close to Broughton Street, Playhouse Theatre and the brand new St. James Centre development.

The re-development of this area will have a profound effect on Broughton Street, Picardy Place as well as the top of Leith Walk. In terns of footfall and visitors.

This area of Edinburgh is also renowned for its eclectic mix of bars, restaurants and nightclubs as well as being a popular trading area for Edinburgh’s vibrant LGBT friendly businesses. Infinity is also situated close to Omni Centre, Playhouse Theatre, York Place Tram Terminus and the East End of Edinburgh city centre.

Premises Details:

The property occupies the basement of number 4 Picardy Place.

Internal details briefly comprise a fully fitted and newly refurbished (2016) substantial nightclub and late night bar premises to accommodate 700+ customers.

The interior of the business has been extensively refurbished by our clients with entry leading from street level to an open plan courtyard area and then leading into the main nightclub premises.

Upon entry there is a cash desk before leading into the main nightclub area. Our client has extensively refitted the premises including flooring, lighting, soft furnishings and is now equipped to a very appealing walk-in standard.

The trading area has three distinct areas with a large open plan main bar area with dancefloor located off and further seating area beyond a second bar area which can be completely self-contained from the rest of the business with its own bar and dj area. This then leads to an exclusive VIP area which is located off the second bar. The VIP area has its own private dispense bar.

Service areas and back of house for the premises are extensive and include ladies & gents toilets, beer cellar, staff area and managers office.

There is also storage space and stores throughout the property which allow for neat and effective storage for stock etc.

To the front of the business a full decking area, garden flat area with outside smoking solution. There are also several outside stores.

Business Operation

Reasons for selling:

Other business interests.

Trading hours:

Tuesday - Sunday 5.00pm to 3.00am

Employees:
Run under management with several part-time members of staff - more details on request

Other Information

Website:
Please click here to view the link
Related Documents:

Contact this seller

Fields marked are required by the Seller.

  1. Contact Information

Your Message to this Seller

By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.