Licensed Social Club & Amusement Arcade With Two Apartments | | Jaywick Essex | | Enviable Seafront Location Massive owners accommodation High turnover Excellent potential Three storey, detached imposing FREEHOLD building Top floor 5 bed apartment | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 50776
ADVERT IMPRESSIONS : 15,866 TIME(S) | | | | BUSINESS SECTOR: | Leisure / Recreation | | TRADE TYPE: | Amusements | | SALE: | Agent Sale | ASKING PRICE: | £375,000 | FREEHOLD: | £375,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION:
Providing all the commercial and private advantages of its exceptional position, The Eldorado is located on the busy main seafront of Jaywick which boasts beautiful beaches and positioned on the outskirts of the ever popular Clacton-on-Sea.
DESCRIPTION:
Operating from a substantial and well presented three storey detached premises the business and private dwellings are of considerable size and quality.
GROUND FLOOR
The Social Club:
Nestled in the corner of the building and having recently been extended to allow for the growing customer base and general popularity of the club. The club comprises of:
Opening from the front of the property via double fronted glazed doors, small reception area with stairs to first floor. Further door opening to social club. Fitted with a nice range of tables and chairs, pool table, darts board, Plasma TV, fruit machines, arcade machines. Bar area with all the usual fittings and fixtures, door through to cashier area and to cellar area.
Basement Area consists of cellar area, amusement workshop, etc.
Amusement Arcade:
Comprehensively equipped with a variety of amusement machines and fruit machines (approx 60 in total) including a Adult Entertainment Area. Comfortable and well presented throughout and opening via folding glazed doors directly from the seafront. Having recently undergone total refurbishment the attractive and welcoming entertainment area is a spacious modern Arcade.
FIRST FLOOR
Private Snooker Room:
With access from the main entrance foyer the first floor has and is undergoing an exciting refurbishment allowing for a more personal Private Snooker Room. A full size snooker table with great views through the front windows over the seafront. Arcade machines, hockey machines, cloakroom facilities, and dart board area. Door to:
Owners Accommodation:
Currently undergoing total refurbishment the accommodation used to be utilised as a first floor snooker hall, so is of considerable size. With the private snooker room the rest of the first floor is being converted to what will be a huge first floor owner’s accommodation. With an open plan feel the flat will consist of 3 very large bedrooms, kitchen/diner area, lounge and further reception the size is absolutely exceptional.
SECOND FLOOR (TOP FLOOR)
The top floor is a 4/5 bedroom self contained apartment which essentially occupies the whole of the top floor. Benefiting from a private roof terrace, fitted kitchen, bathroom, WC, lounge and office area. This flat is currently let at a discounted rate of £850.00 per calendar month.
TENURE:
FREEHOLD.
RATES:
£10,000 per annum.
TURNOVER:
We are informed by the Vendor the turnover is in excess of £200,000 (35% Social Club - 65% Amusement Arcade), working on a healthy profit margin of 60-70%
HOURS:
10am – 2am 7 days a week.
PRICE:
£375,000 to include the valuable freehold premises and comprehensive inventory of all fixtures and fittings. | | | | | | FOR SALE | | | | | REFERENCE: | M/225 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
