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Licensed Bar, Nightclub, And Entertainment Venue For Sale
Location United Kingdom
Asking Price Range $1.0M - $2.5M
Gross Revenues $321787
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1980
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Training All necessary training and a full handover are available to ensure continuity of trading.
Reason for Sale The current owner has is looking to take retirement.
Description Layzell's Clubs Limited
Freehold, Refurbished Licensed Bar, Nightclub and Entertainment Venue
Offered for sale
Ref No: CO142:
Location: Minster On Sea , Isle of Sheppey,Kent
Asking price: 850,000
This business has been established for approximately thirty years and has been managed by the current owners for the last eleven. The business has for many years been well known as the place to go especially at the weekend on the Isle of Sheppey.
Since taking over the business several years ago, the current owner has invested 500,000 to ensure that the venue is able to retain its reputation throughout the local community and beyond.
New flooring, ceilings, bar areas, toilets, furniture and pool tables as well as converting dead space into an additional bar have all contributed to the continued success of the business.
The club opens until 2 am on Fridays and Saturdays and it is these weekend evenings where the establishment comes into its own. The club is used as a disco/dance venue to visit after meals or drinks at other premises across the island.
The business has two large function rooms that are hired for Weddings and other celebrations. The venue can cater for approximately 200 people in the function suites and another 200 in the main club/bar area.
The business has a separate pool/snooker room that is used by the clubbs own pool team. Other social and sports clubs have and still are using the venue as a base or meeting point.
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