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CO142 -Layzell's Clubs Limited

Asking Price: GBP 850000
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Business Location: United Kingdom » Kent » Minster On Sea , Isle of Sheppey,Kent 
Category: Leisure » Bars & Nightclubs
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.
 
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Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 200000
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: N.A.
Year Established: 1980
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Number of Employees: 13
No of trading hours: Tuesday, Wednesday and Thursday: 5 pm -12 pm Friday: 5 pm - 2 am Saturday: 12 noon – 2 am Sunday:
Reasons for selling:
 The current owner has is looking to take retirement.
Market competition and expansion:
 The business only advertises sporadically in the local press. Posters are put up to promote future events.
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