Ref 6935 Freehold Social Club/Bar
Blacks Brokers are pleased to bring to the market this long established freehold social club/bar in a much sought after area of Rossendale, Lancashire.
Waterfoot Social Club has been being operated by our clients since 2000 with a business of a similar nature occupying this position for over 100 years. The club has a main bar with a huge base of regular, local customers whom use the venue as a large function room for events such as birthdays, funerals, Christenings and so on. The club has a range of customers from the local area that are regulars, the function room is well used by the local community and the business has established an excellent reputation, known for good value, superb entertainment and a family friendly atmosphere.
The business occupies a prominent position in Waterfoot Town Centre which is located between Rawtenstall and Bacup. The business is positioned right in the centre of a residential area which is where the majority of the custom comes from. The area us well linked by the M66 and M65 with good public transport links and free parking available in the immediate vicinity.
The business would be ideally suited to a hands-on owner-operator, due to our client’s retirement the business is now offered for sale. Therefore, this presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
Waterfoot Social Club operates from a large end of terrace property. The business is well branded with large signage above the entrance. Inside on the ground floor, you initially walk into an entrance hall which leads in to the main bar area which offers an array of seating and also has an entertainment stage. There is also a smaller separate room which is home to a pool table and darts board, there is also bench seating and tables in this room. The business is fitted with a small well equipped kitchen area. The ground floor also houses both ladies and gents toilets. There is also access to a large cellar.
On the first floor there are currently four rooms which are unused at present, a bathroom, storage room & cupboard and a large meeting/games along with a further two toilets. These areas could easily be developed into accommodation for a new owner or adapted and used as further function rooms.
The business currently operates with five part time members of staff in employment supporting two of the current owners who work on a full time basis.
Waterfoot Social Club has traded solidly since our clients took over in 2000. We are advised of the **Year End Accounts 31 Dec**, which show an Annual Turnover (Year End 31 Dec 19) £168,415, Annual Gross Profit (Year End 31 Dec 19) £76,8620. Full financial information can be made available after viewing.
The business currently benefits from small business rates relief. Purchasers should enquire with relevant local authorities as to the business rates payable.
This freehold business is long established and well known in this area of Rossendale. There is plenty of scope to develop the business further with the introduction of dry sales and the implementation of a website with booking service. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to a pub/restaurant chain looking for expansion into this area. Early viewings are strongly advised and are welcomed by appointment only. Business & Property: £194,950.
Please quote ref: 6935
Fully Equipped Bar
Mon - sun: 12:00 - 14:00 (licenced until 3pm)