Licenced Trade, Pubs & Clubs, County Durham

SPORTS BAR AND SPECIAL EVENTS FUNCTION SUITE in County Durham for Sale.

A well-known and much loved entertainment venue which is the central hub of this seaside town community on the Durham coast. Located between Sunderland and Durham this town boasts beautiful beaches and a thriving and rapidly expanding community.

Substantial detached property on a stand-alone site, surrounded by a densely populated local community and offering a social sports bar featuring live sports events on many flatscreen TV’s (including a 231 inch screen), eight-ball pool and darts areas, full size snoker table, a highly acclaimed restaurant (privately operated on a licence to trade).

First floor 220 seat function suite which hosts weddings, parties and special events including discos, wrestling and boxing events and tribute acts.

A huge outdoor decked terrace is popular with families during the sunnier months. The recently close restaurant accommodates 80 diners and has a superbly equipped commercial catering kitchen.

The property also incorporates four letting rooms for paying guests and / or can be used as staff accommodation. Three, single bedroomed rooms and a two-bedroomed flat which are contracted for a rolling 12 month contract bringing in a monlthy revenue of £2,400.

This is a multi-faceted stream of income business that is well-established and extremely profitable, especially if run by hands-on owner operators. There is considerable additional income from several gaming slot machines on the property. The restaurant has recently closed but, prior to closure, achieved a weekly turnover of £5,000. The main sports bar and venue business generates between £8,500 and £11,000 per week depending on function room hire and events.

The property and business are being sold as a whole and represent tremendous value for money. Alternatively, the club stands on a site of approximately 0.4 of an acre, (1,630.32 sq m or 17,548.58 sq ft) and might therefore have some development potential (subject to planning).

The building interior extends to circa 876 sq m over ground and first floors. The business is currently run entirely by staff as the owners live abroad, hence their desire to now sell the business and property.
EPC Band C.