This well known popular nightclub business is located in the thriving and bustling city centre of Nottingham only a stone's throw from the famous Old Market Square and close to many other circuit venues. Nottingham is known as one of the best nights out in the UK with a thriving mass of other pubs, clubs and entertainment venues. Famous for its Castle, Football teams, Brian Clough and originally lace Nottingham attracts visitors, tourists and Stag & Hen parties all year round. Nottingham sits on the M1 motorway and can be approached from junctions 24, 25 or 26. Nearby is the A1, A46 leading to Leicester and the A52 that leads to Derby.
This popular 3 storey inn is of rendered brick construction, sitting under a pitched, slate roof, occupying a proud position in the centre of Nottingham. A Reception/Cloakroom entrance to the side of the property provides access to all the trading areas. These consist of:
VIP Bar (occupancy 50) is located on the ground floor of the property and is a cosy room with a relaxed welcoming atmosphere. Loose tables, stools, poseur shelves and minimal wooden perimeter bench seating sit on a laminate tile effect floor beneath subtle ambient lighting. There is a central well presented bar server of wood construction with 5 chrome Cobra dispensing points and a DJ area sits in the window at one end. This area is also able to be hired out privately if so desired.
Main Club/Bar (occupancy 150) is a spacious room located on the first floor with loose tables, fixed upholstered perimeter bench seating and low and poseur chairs and stools. There is laminate flooring throughout and 2 separate Bar servers of wood construction sit at either end of the room. There is a central wooden dance floor with an elevated DJ console sitting beneath an array of disco lights and central glitter ball.
Attic Bar (occupancy 110) is located on the 2nd floor and has a fabulous chilled relaxing feel. Loose tables and chairs, poseur tables and stools sit on a laminate and part quarry tiled floor surface. To one side is a comfy area of low tables and upholstered settees that sit beneath exposed wooden joists and brick built pillars. There is a central wooden dance floor and a well presented bar server of wood construction to one end. To the opposite end is a good sized room currently used for storage that could quite easily be converted into a Commercial Catering Kitchen if desired.
2 x Ladies, 3 x Gents W.C.'s throughout.
Below ground floor Cellar with python, remote etc and providing plenty of further storage areas.
There is no owner's accommodation and this business is a lock up.
There is no car park for this business. Car parks are readily available throughout the city centre.
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Mon- Thurs 10am to 2am
Fri/Sat 10am to 3am
Sunday 10am to 1am
Current opening hours are only:
Fri/Sat only 10.30pm to 3am
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The business is offered for sale as a lease assignment with approximately 5 years remaining of the privately owned full repairing and insuring, renewable agreement. We are advised that the Nightclub is totally 'Free of Tie'. We are informed that the rent is currently £46,000 per annum to be reviewed in 2020. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are advised as currently being circa £12,000 per annum.
The current owners purchased and re-located this well known popular business across the City in 2000. Over the past 40+ years our vendor clients have established a solid following and trading foundation with a loyal, repeat and desirable clientele. The business is currently operated by the owner's themselves with the assistance of circa 16 part time members of staff. Our vendor clients have now reluctantly decided that after 40+ successful years in the trade to move on and retire through ill health whilst looking to take life at a more leisurely pace. We are advised that accounts declare takings of circa £172,136 inclusive of VAT for year ending 31st May 2014 with 100% wet sales. This has been achieved by trading only 2 days per week through ill health and lifestyle choice. New owners could continue to operate the business using the same current formula or they may wish to take the business to the next level by exploiting the obvious opportunity to vastly extend the opening hours of the business.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07527 718400.
Viewing appointments must be made by contacting Guy Simmonds on 01332 865112.