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AC253 -Well Known Nightclub recently refurbished as a luxurious ‘Super-club’

Asking Price: GBP 500000
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Business Location: United Kingdom » City of London » North London 
Category: Leisure » Bars & Nightclubs
Description:
Well Known Nightclub recently refurbished as a luxurious ‘Super-club’
Ref.AC253
Location North London
Asking Price £ 500,000
Over the past 12 years this venue has been successfully trading as a nightclub destination. The current General Manager built and sold a very well-known night-club venue to a business constortiom. After rebranding as a live music venue in 2007, the decision was made in 2009, to completely re-brand and refurbish the site to become a major London “Super-club”. The business is now on a stable footing, and the reputation and turnover is growing fast.

With a huge amount of investment, and money no-object attitude, the club has the finest fixtures, fittings and equipment available. The result is a truly luxurious feel through-out, with a huge main dancefloor, stage, DJ booth, and separate VIP area with its own private bar.

The business has limited competition in North London, and is a destinantion for people travelling from far and wide to experience an exceptional evening out in a safe and vibrant atmosphere. The club regulary hosts high-profile talent, and is a draw for VIP’s and celebrities and competes with Super-clubs in Europe.

The business has also invested heavily in high-profile promotion and advertising to draw the clientele and push the brand further. With a license to allow the premises to operate until 6:00 am 7 days per week, the business is primed and ready for further growth.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 1500000
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: N.A.
Year Established: 1998
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 28
No of trading hours: The license allows trading up until 6:00 am 7 days per week. Thursday – Sunday, 10:00 pm – 6:00
Reasons for selling:
 After 12 successful years, and taking the business through it’s recent refurbishment the General Manager is looking to retire to his home of Cyprus.
Market competition and expansion:
 Since the refit and re-launch, the business has invested heavily in advertising and promotion. The is regular local bill-board advertising, promotion on radio, Vue Cinemas, and local press. The corporate website is well developed with video streams, and links to major social networking sites. As with a major club of this size there is constant on-going PR with press and celebrities.
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