Cafes for sale in Plymouth

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Social Club, Plymouth, Devon

Plymouth, Devon, England

  • Freehold Price: £250,000  Price Reduced arrow_drop_down
  • Annual Turnover: £140,000
Seller Reference: KBT47357
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Business Description
 
 
 
 
 
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Seller Reference: KBT47357
Request Details
Business Description
• Octagon Social Club, Freehold basis, Development potential, PL Postcode
• Excellent scope for development, including Housing, Bar, Restaurant, Nightclub.
• Wet sales only, Potential to add other services.
• Turnover excess 140k annum net

A private members social club based in a Plymouth, available freehold, with excellent development potential same owners over 20 years, Freehold Bids invited basis. Wet sales, potential food, social or nightclub.
Ideal location close to heart of all activitiesTurnover 2019 excess 140k EBITDA min 30k.
Ref XQT663468

Fantastic opportunity to purchase a Octagon Social Club, freehold property trading as a private members social club based in the heart of the city centre of Plymouth in the region of Devon, close to the marinas and with development potential as in heart of the current redevelopment area.
The Octagon Social Club is located only 200 yards from the main city centre, surrounded by housing and new developments.

The pub is located within the centre of the city and is located within easy reach of the A38 Link road leading into Cornwall via the Tamar bridge or Torpoint chain ferry and leading onto Exeter and the M5

The current owners are the second generation of family to own the club and have had the pleasure of being there for over 20 years, family have owned it for over 43, and are only now offering this business for sale due to their pending retirement.
The club is exceptionally well known as a private members club and is supported by over 200 members, this provides many sports teams including Darts, Dominos and Card games. The pub also has a licence for Sky TV and shows football matches and has live music on a Sunday night.
In addition the club doubles up as a function suite for wedding, christening and wakes predominantly by menbers families.
The bar is free of all ties however the owners utilize Coors for their preferred service and they look after the cellar lines.

The club is owned by the vendors and has had previous planning permission to build up and add a separate function room and above this an apartment for the owners, however this planning has now lapsed.
This stated the club is in the heart of a redevelopment area and would be granted planning permission for a multitude of offerings so this proposition would be especially attractive to developers in the area. As there is currently many multi story office blocks and high level residential development the site could be of high value to developers due to its size.

The club today offers most

Summary. This is an exciting opportunity to purchase a business with a regular loyal client base. Also is the fantastic development opportunity this presents. Viewing is highly recommended.
Tenure:
Freehold
Is accommodation included?:
Yes
Listed by:
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