Truro, TR1

Freehold Night Club & Bar Located In Truro For Sale

Fully Licensed & Free Of Tie

3 Bar Areas

Potential Development Opportunity

Ref 2176

Location

The Office Night Club is located just off River Street in the heart of Truro centre with views of the Cathedral. This thriving town is the administrative centre of the County and is renowned for its excellent shopping centre and abundance of restaurants and bars. Truro is also the retail and social hub of the County and an ever expanding trading centre with further expansion plans in both the east and west of the city. Truro offers excellent transport links to the nearby towns and the main A30.

Business information

Asking Price: £399,950 plus SAV

Turnover: £297,695

GP: £237,261 (79%)

Stock: £4,000

Business Rates: £16,883.86

Business Description

Veritas Business Sales are delighted to offer for sale this established Night Club & Bar which is located in the desirable city of Truro, Cornwall. The Office Night Club is a stunning detached property which was formerly a chapel and has been a licensed premises for over 30 years and has been in the careful hands of our clients for the past 9 years. Reluctantly the business is being offered for sale to pursue other business interests. Since ownership they have undertaken major refurbishment and investment in new furniture along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and employs the help of 1 full time and 8 part time members of staff and has an annual turnover of £297,695 with a gross profit of £237,261 (79%). We believe that there is potential to increase trade by utilising the building for a number of different activities. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established lifestyle business with further untapped potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Ground floor

Reception (3.5m x 3.4m) with reception desk and cash register (Checkout X902).

Cloakroom with safe (Stafford), music system, security radios and coat hooks.

Dance area (7.2m x 10.9m) with 50' TV monitor (Samsung), various bench seating, 3 large speakers and DJ booth with full music system.

Bar comprising: 2 under counter drinks fridges (Lec), ice machine (Simaq), 2 cash registers (Checkout X902) and sink drainer.

Glass wash/prep area comprising: sink with drainer, glass wash machine (Newscan) and various shelves.

Disabled W/C with hand wash basin and wall mirror.

Ladies 4 x W/C's, 4 x hand wash basin's and various wall mirrors.

First Floor

Bar/Seating (9.5m x 7.3m) comprising: 2 cash registers (Checkout X902), 2 under counter fridges, fridge (Red Bull), 50' TV monitor (Samsung), glass wash machine, 2 sink drainers, comfortable seating and tables.

Second Floor

Bar/Seating (10.6m x 5.6m) comprising:

drinks fridge (Coolpoint), 2 cash registers (Checkout X902), 50' TV monitor (Samsung), various light mixing machines (2XMAC250), various seating with tables, hand wash basin, sink drainer, drinks fridge (Kool), fridge (Red Bull) and glass wash machine (Amika).

Gents with 2 urinals, 2 hand wash basins, 2 x W/C's and various wall mirrors

Store room with shelving