Fully Licensed 4800 Sq Ft Venue in City of London, Ideal for Events and Film Shoots, For Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
03/09/20
- Advert ID
264431
- Leasehold: £300,000
- Rent: £60,000
- Turnover: Not Applicable
- Net Profit: £70
Key Features
- Fully Fitted
- Town Centre location
- Attractive Business
- Split Level Trading Area
- Offers Invited
- High Turnover
- New Lease
- Unique Business
- Company for Sale
- Small Business
- Prime Location
- Close to Local Amenities
- Established Business
- Ideal for Full Refurbishment
- Potential for Alternative Use
- Accounts Available
Business Details
Venue for Sale in E1, fully licensed 4,800 square foot... venue for film events, film shoots
We are a fully licenced venue/creative space to hire that have been in business for 12 years.
We cater for events of all kinds, celebrations and soirees to product launches and screenings, baby showers and weddings to pop ups and supper clubs.
We also have a steady stream of corporate clients using us for day and evening bookings for meetings, awaydays, training, workshops etc...
Clients amongst a lot of others include Bank of England, Cabinet Office, HSBC, Barclays, Microsoft, Deisel, Siemens etc etc
Throughout the year we also do a lot of filming and photography as we are a very cool quirky space.
Clients amongst a lotr of others include ` BBC, ITV, Channel 4, Channel 5, Sky, Netflix etc etc...
Add to this a whole host of random bookings we cater fo a very interesting and diverse clientel.
We have good accounts for at least the last six years that show constant growth and reliable profit with more than 50% capacity leftt to realise.
Marketing is set up through numerous third party companies along with our own recently updated website that ranks very well through google due to the fact we have been working on it for the duration of the business. Leads are therefore self generating and extra marketing would i am sure bring the venue up to full capacity.
As a family run business we have never seen the need to maximise bookings in this way as we have prefered to spend time with our young family. This has not stopped us from making a very good living from the business whilst maintaining a very healthy work life balance.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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