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CONFIDENTIAL
FOR SALE
639003
Located in the vibrant heart of Neath, South Wales, this 200-capacity venue has been successfully operating for the past 10 years. Despite its strong performance, generating annual profits between £50,000 and £100,000, I have realized that it is time for a change in my personal and professional life. With a desire to start a family, coupled with the demands of managing multiple venues in the same industry, I find myself overwhelmed. Consequently, I am looking to sell this profitable bar/nightclub.
The venue features an annual rent of only £30,000, along with low business rates of £10,000, making it financially accessible. It operates efficiently with a small team comprised of three staff members and two DJs on rotation. Security is managed by an external company, ensuring compliance with licensing requirements for weekend operations. The establishment boasts an A3 license, allowing for food and beverage services, and is fully fitted with all necessary fixtures and fittings included in the sale.
Over the years, the business has maintained a solid presence in the local nightlife economy, benefiting from its location within a 100-meter radius of various shops, restaurants, and amenities that attract customers. The competitive landscape is healthy, with several nearby venues creating a bustling environment. While the business currently has an online presence through social media, I believe a dedicated website is not essential in this particular market.
In addition to the sale, I am open to providing training opportunities for the new owners, should they find it necessary. This leasehold opportunity offers a strong turnover of £250,000, making it an appealing investment for prospective buyers. If you are interested in making a mark in the local bar and nightlife scene, this established business in a prime location awaits your vision.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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