City Centre Bar and Nightclub in Suffolk For Sale

Excellent City Centre position, residential, office and commercial area, Suffolk

Turnover £ 4,250
Price £120,000

Features

Bar Plus Additional First Floor Night Club

4 DAYS OPENING
BOSTING 4 AM LICENCE (3am last entry)
GRADE II LISTED

FIVE FRONTED PREMISES in the region of 3,400 ft² with tiled floor, led lights, lasers, smoke machine, display screens, Bar with 3 EPOS Tills, 3 under counter drinks display fridge (glass fronted upright double-door), Fully equipped DJ Booth, CCTV system.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

FIRST FLOOR in the region of 1,300 ft² with laminated strip floor, Bar with 2 EPOS Tills, 2 under counter drinks display fridge, Fully equipped DJ Booth.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Staff room

Second floor in the region of 200 ft²

1 Large bedsitting room.
Shower room with shower, w.c. and wash hand basin..

Basement in the region of 600 ft² is not currently used.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 - £5,000 p.w.

Staff

The business is at present operated by 3 full time & 2 part time staff plus 3/4 door staff.

Trading Hours

4 Day week (7 day Licence 12 noon - 3am (4am on Thursday - Saturday)
WEDNEDSAY 11pm - 3am
THURSDAY 11pm - 4am
Fr & Sat 10 - 4am

Outside

Parking space for 2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £35,000 p.a. + VAT

Business Rates from April 2025 £7,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote