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Business For Sale. Ballroom + Accommodation In South East London

LISTING DETAILS
Firms For Sale ID:
32623
Vendor reference:
J7362FS
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Business opportunity:
Asking price:
£7,500,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed
Years established:
30
Trading hours:
Flexable. Has 24 hour licence.
Business website:

OTHER DETAILS
Reason for selling:
Retirement
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Living accommodation:
There is self-contained accommodation on the 1st floor comprising 4 bedrooms, large lounge, bathroom, laundry room, office, study, kitchen and a court yard.
 
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BUSINESS DESCRIPTION
Large end of parade property located opposite mainline station, busy main rd, etc. Established over 30 years, 15,000 sq ft ground floor, 2 dance halls 24 hour licence, 4-bed s/c accom above. Rates £10,000 pa. Golden opportunity not to be missed.

Expansion Potential
The business is very well established for 30 years and the accounts are available to the prospective buyer/s.

Market / Competition / Non-Competition Agreements
Large end of parade property has entrances from the front and side. Internally the club is arranged on ground and 1st floor. The ground floor measures approximately 15,000 sq ft overall comprising entrance hall, cloak room leading to the main dance floor with stage, 2 drinks bar areas with seating lounge, kitchen and ladies/gents/disabled toilets/washrooms located at the rear. There is further dance hall with bar and entrance from the side of the building and also from the front. There is a side entrance which leads to parking and delivery entrance. The first floor comprises changing room, ladies/gents toilets/washrooms and fire escape at the rear. The club is gas centrally heated.