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SOLD OR WITHDRAWN FROM THE MARKET
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Lovely Live Music, Comedy Club & Party Venue near Lutterworth, Leics. Leasehold.

Lutterworth, Leicestershire
Leasehold Price:
£50,000
Status
SOLD / WITHDRAWN
Advert ID
187800

A lovely function room located on the first floor above a football club. Has a disabled access platform lift. Independent business, which has been in it's current format since 2008. Current turnover in the region of £70k - although massive potential to improve. All staff employed on a casual basis, and runs quite easily on busy events with up to eight staff members. Fully licenced bar. Large amount of fixtures and fittings included in the purchase price, including a Baby Grand Piano. Some refurbishment carried out last summer. Very adaptable space with a great atmosphere. Can cater for events from 40 to 200. Large dance floor area with appropriate lighting & smoke machine! Second 'removable' dancefloor area for smaller events.

Viewing highly recommended to appreciate the space.

Current owners took over May 2016, with a view to pushing the business forward, but coming from a 9-5 job have found the change of lifestyle/hours isn't suiting them, so are looking to pass the business on to a new owner who will continue the good work put in over the last nine months.

The business has a Facebook page, Twitter account, Trip Advisor page, Google Review page, all having very positive recent feedback. Also has two websites - one for Private Party events, and one for Live public events (bands/comedy). The venue proves popular for 'significant' birthday celebrations, Wedding reception/parties, and has a good number of forward bookings for private events in 2017.

There is huge potential to increase this business with Corporate events, Themed events, Wedding Fayres, and as yet untapped other areas of income with the correct advertising/marketing.

Bar is free of tie, and currently uses Marstons for supply of the majority of Bar stock, with a good quality Wine list supplied by a local Wine Merchant.

The property is Leasehold, and guarantees will be required by the Landlord in addition to the asking price. Details on request.

Listing Details
Leasehold Price: £50,000
Tenure: Leasehold
Location: Lutterworth, Leicestershire
Sector: Venues, Recreation Businesses, Party Businesses
Financials
Annual Turnover: £70,000
Annual Net Profit: Available upon request
Key Features
  • Potential for Alternative Use
  • Fully Fitted
  • Price Reduced
  • Unique Business
  • Established Business
  • Attractive Business
  • Offers Invited
  • With Car Park
  • Free of Tie Leasehold
  • Small Business
Energy Performance Certificate (EPC)
What's nearby
Within 1 milei:
T R S (Storage)
Lutterworth Ink (Store)
Lavender Bloom Interiors (General Contractor)
TJ's (Restaurant)
Lutterworth Town Estates Charity (Point Of Interest)
Kalista Hair and Beauty (Beauty Salon)
Howkins & Harrison Lutterworth (Real Estate Agency)
Kare Plus Rugby (Health)
The Shambles (Bar)
The Lutterworth Footcare & Podiatry Centre (Doctor)
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