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BUSINESS REFERENCE : AC149 / RightBiz AC149-ABERDEENSHIRE-£ 250,000-RECENTLY REFURBISHED AND RE-BRANDED LEASEHOLD SPORTS BAR AND NIGHTCLUB | | | | | | Recently Refurbished and Re-Branded Leasehold Sports Bar and Nightclub Ref.AC149 Location Aberdeenshire Asking Price £ 250,000 Confidentially offered for sale | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Sports Centres | | SALE: | Agent Sale | LEASEHOLD: | £250000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This business set in a cobbled tree lined pedestrian area was established over 20 years ago and acquired by the current Vendors in 2006. They intended to create a themed restaurant (which is their core business) but quickly realised that by refurbishing the premises and creating a sports bar the premises would be far more profitable than they would have been converted into a themed restaurant they originally planned.
The nightclub was also completely refurbished and re-branded and is now the town’s premier nightclub catering for the more discerning bigger spending older client. Both businesses have grown since to become significant enterprises with a reputation for the quality of the service, competitive pricing and welcoming atmosphere.
The businesses operate from a prime location in Aberdeenshire and have established themselves as two of the region’s better quality venues. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail.
The business has always believed in the pursuit of excellence, constantly reviewing and updating its service commitment and its methods of business, for example, it regularly enters into strategic collaboration with the industries biggest brands to go the extra mile and keep ahead of the competition by mounting unique promotions.
The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the product, service and availability is never compromised and that customers are as a result never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.
Customer Service:
The business manages several thousand customers in any normal month and has the systems, processes and people to ensure that customers’ are always satisfied. High quality service, good value and a welcoming atmosphere are the cornerstones on which these two venues are built. The result is self evident in the business’s sustained level of repeat customers.
Key Strengths:
The business is an autonomous organisation where the business owners have, over time developed and nurtured a management team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendors. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor.
The business is well established and very profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and who have done so since the beginning.
The company has earned an outstanding reputation for its professionalism, service, reliability and a willingness to help.
Growth and Expansion:
The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Key Opportunities:
This is an outstanding opportunity to build on the existing reputation and customer base of this company. With a growing demand for service levels these venues consistently deliver, combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform.
There are many excellent avenues for growth, especially with marketing investment and forecasts which are showing early trends for growth and development.
Premises:
The business is located in an easily accessible area in Aberdeenshire, taking a town centre location on a cobbled, pedestrian, tree lined street adjacent to some leading High Street retailers.
The premises have 9 years remaining on the lease and are superbly appointed with the sports bar occupying the ground floor and the night club the 1st floor. They both represent the professional standards and service the company has built its reputation upon.
Advertising and Marketing:
The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent growth since the refurbishment.
Sales revenue is circa £390,000 per annum and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.
Employees:
The company currently employs a total of 15 staff, made up of full time and part time personnel covering all departments.
Support and Training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading
Reason for Sale:
The business is for sale as a result of the vendors’ wish to re-focus on their core activity of ‘Branded themed licensed’ restaurants. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AC149 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
