EXTREMELY WELL-PRESENTED CLUB/BAR LOW OVERHEADS CENTRAL WORTHING, WEST SUSSEX

  • Leasehold Price: £85,000
  • Weekly Turnover: £4,000
Worthing, West Sussex, England
Seller Ref:6743C
For Sale

EXTREMELY WELL-PRESENTED CLUB/BAR LOW OVERHEADS CENTRAL WORTHING, WEST SUSSEX

Worthing, West Sussex, England
Seller Ref:6743C
  • Leasehold Price: £85,000
  • Weekly Turnover: £4,000

Overview

Seller Ref: 6743C

Description

A successful nightclub located in the centre of Worthing, West Sussex. The club is currently run as a LGBTQI club and has created an excellent reputation in the local community, with 5* reviews on Facebook. The club occupies an excellent trading position in close proximity to the town centre in Worthing and only a short walk from Worthing Seafront. The nightclub/bar regularly runs comedy, live music and drag nights throughout the year, which are always very popular and ensures that the business enjoys an excellent all year-round trade. The nightclub has been in the current vendors hands since 2021 and now only comes to the market as she wishes to focus on a new business opportunity.
THE PREMISES: The bar/club has a capacity for 80 individuals and has seating for 20. There is a custom-made bar on the right-hand side of the premises as you enter, with the DJ booth on your left. Behind the bar is a staff area and drinks storage area. There are separate ladies and gents’ toilets towards the rear of the premises. The premises underwent a full refurbishment in 2021 when it was opened. The club also has a stage area, which has been used for comedy nights and drag acts. The club is also fitted with air conditioning and CCTV. PLEASE NOTE: The sound system and DJ equipment is not included in the sale.
TURNOVER: We are informed that the business currently averages £4,000 per week, which is based on only trading Wednesday and Sunday 6pm-midnight and 6pm-2am on Thursday-Saturday. The business is run full time by the vendor and she doesn’t employ any staff.
ALCOHOL LICENCE: Allowed to sell alcohol on the premises between 11am-midnight on Monday-Wednesday, 11am-2:30am on Thursday-Saturday, and 11am-11:30pm on Sunday.
TENURE: The entire premises is held on a full repairing and insuring lease at a current rental of £10,200 per annum and has 4 years remaining on the lease. The landlord has offered a new lease with the terms to be agreed between the purchaser.
RATES: We have been verbally informed that the current rates payable are zero under the Small Business Rate Relief Scheme. The rateable value for the property is £6,300 per annum. Prospective occupiers should make their own enquiries to verify the same.
GENERAL REMARKS: This business was personally inspected, very highly recommended. Central Worthing location. The business has an established goodwill and loyal customer base. Alcohol licence till 2:30AM. Early Inspections Advised.
PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £85,000 SAV
VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Tel 01273 709090.
EPC: The premises has been rated a Band D, the full report is available on request.
DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.
The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.
VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
MORTGAGE & FINANCIAL We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract
Ref: 6743C

APPLICANTS CONFIDENTIALITY AGREEMENT
I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:
i) View businesses registered with Watkins Commercial by appointment only.
ii)Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial
iii) Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor et. Bank, solicitor, surveyor accountant, etc.
iv) Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations
v) Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial.

Leasehold Terms:
The entire premises is held on a full repairing and insuring lease at a current rental of £10,200 per annum and has 4 years remaining on the lease. The landlord has offered a new lease with the terms to be agreed between the purchaser.
Trading Hours:
Wednesday and Sunday 6pm-midnight and 6pm-2am on Thursday-Saturday.
Support and Training:
yes
Location Details:
A successful nightclub located in the centre of Worthing, West Sussex. The club is currently run as a LGBTQI club and has created an excellent reputation in the local community, with 5* reviews on Facebook. The club occupies an excellent trading position in close proximity to the town centre in Worthing and only a short walk from Worthing Seafront
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is stock included:
Stock at valuation
Website address:
www.watkinscom.co.uk

Business Documents

FOCUS - 6743C

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