| AC102-‘Destination’Bar & Club |
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United Kingdom
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INDUSTRY
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BUSINESS SUMMARY
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‘Destination’Bar & Club
Confidentially offered for sale
Ref No: AC102
Location: London
Asking price: £125,000
This ‘destination’ bar and club was opened by the current owners in 2004, in a busy and cosmopolitan area of London. Since that time it has become a venue of choice for those lovers of ‘dance’ music, in particular ‘house’ and ‘urban’ music, seeking an exciting place in which to meet with friends and to generally enjoy the company of like minded people.
With premises of circa 1,300 square feet, plus kitchen and garden area, the club has been extensively refurbished with major investment in air conditioning and sound systems: a new wooden floor has recently been laid.
The club has the benefit of a Public Entertainment Licence until 4am, although it currently closes one hour earlier. The maximum capacity is two hundred people and it frequently reaches this level. The business is open for three days per week, namely Friday, Saturday and Sunday. The predominant age range is 25+ with many regular patrons being over 30. They are drawn from an eclectic mix of media, fashion and film people as well as the local ethnic communities.
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BUSINESS FINANCIALS
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GENERAL COMPANY INFORMATION |
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Organization Structure: |
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Headquarters/Main Location: |
Home Based
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Time on lease/mortgage: |
N/A
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Is Business Relocatable? |
No |
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MARKET OUTLOOK/COMPETITION
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| The need for advertising has always been recognised by the business. The main ‘shop window’ is the professionally designed, hosted and maintained website. This informs clubgoers of future events and allows for the posting of photographs from past evenings at the club.
There are circa 2,000 names on the club database, who each receive a weekly newsletter. Flyers are delivered to local houses, and posters are placed in local record shops and at railway stations.
The club has reached the stage where the development and execution of a strategic marketing plan, addressing all media activities, would be most beneficial |
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DETAILS ABOUT THE SALE
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Support & Training
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A full period of training, handover and familiarisation will be provided to ensure a smooth transition to new ownership. |
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Reason for Selling
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The current owners are looking to dispose of their interest in the business to enable them to focus on other business activities. |
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Is Management Willing to Stay?
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No
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Are You An Intermediary?
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No
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Web Site Design
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