Bar / Nightclub for sale

Dice Bar & Club, 36 High Street, Croydon, London, CR0 1YB

Offers Invited

Property Description

Commercial information

  • Business for sale

Key features

  • Established trade built since 2012
  • Prominent location in town centre
  • 400 capacity, potential to grow food offering
  • Near to Queen's Square project and Westfields
  • Owner's 2 bed flat and manager's studio
  • Sub let basement bar, Energy Rating E

Full description

Tenure: Leasehold

Description

The Dice Bar is a well known venue in Croydon offering a sports bar which then transforms into a late night bar and nightclub, with two separate function rooms; Twilight and Fusion.

The venue has 28 televisions for sporting events, and brings in good day trade.

The business provides a great opportunity for a new operator to utilise its full trading potential. Although the business is currently wet led, there is great scope to increase trade by providing a food offering, especially given its prime location.

Over the past six years our client has invested heavily on refurbishing the trading areas.

Location

The Dice Bar is located within the heart of Croydon town centre. Its position on the high street benefits from good levels of footfall and has nearby operators such as Fullers, Nando's, Wetherspoons, Five Guys and Turtle Bay and is opposite the new Queen's Square project by R&F Properties. The main railway station, East Croydon, is a major hub of the national railway transport system, with frequent fast services to central London and other destinations such as Brighton. The town is unique in Greater London for its Tramlink light rail transport system.

Internal Details

Dice Bar and Club’s main entrance has a foyer leading to a long single bar server and a variety of seating, dance floor, DJ booth and toilets.

The Twilight function room has separate facilities including its own entrance and toilets and is utilised for many private events, comprising a single cocktail bar server with a variety of seating, dance floor and DJ booth.

The Fusion room is located on the first floor mezzanine with balcony visage to the ground floor and full facilities including a single circular cocktail bar, variety of seating, DJ booth and toilets. This can be used as an overflow area on busy nights or as a separate function venue with a 4m large screen for sporting events.

Other Floors

Ancillary areas include toilet facilities on all trading floors, a fully fitted catering kitchen with walk in fridge and freezer, storage facilities and a dumb waiter to all trading floors, cellar cool room, staff rooms, shower room and toilets.

Fixtures & Fittings

We are advised all trade fixtures and fittings are included within the sale, with the exception of one or two items which may be subject to lease or hire purchase agreements.

External Details

To the front is an enclosed seating area for c.20 covers.

Owner's Accommodation

Second Floor:
Studio flat comprising a bedroom, kitchen and bathroom.

Third Floor:
Main owner's/manager's flat comprising two double bedrooms, lounge, kitchen, bath and shower room with separate toilet. Access to balcony and also further attic storage.

Other Property

There is a sub tenant that occupies a basement area at the rear. This has its own external seating which fronts onto Surrey Street. The rental income is £6,600 + VAT per annum.

Staff

A new operator will be required to offer continuity of employment in accordance with TUPE (Transfer of Undertakings Protection of Employment) Regulations. Prospective purchasers should complete their own enquiries and due diligence to satisfy themselves as to the rights, contracts and obligations that may run with the property and business, and also the registrations, licences, permits and certificates required to trade.

Trading Information

The current net turnover for Y/E 30/11/16 and 30/11/17 are £666,338 and £681,858. NB: this doesn't include entrance fees. Further trading information will be available to interested parties, following a formal inspection.

Trading Hours

Monday: Closed, Tuesday & Wednesday: 4pm-11pm, Thursday: 4pm-2am, Friday: 4pm-3am or 4am (depending on event/trade), Saturday: 11am-3am or 4am (depending on event/trade), Sunday: 11am-10pm

Business Rates

The Rateable Value form April 2017 is £75,000.

Regulatory

Premises Licence.
Allowable opening hours are: Sunday-Wednesday:10am to 4am, Thursday-Saturday: 10am-5am.


Nearest stations

  • George Street (0.1 mi)
  • Church Street (0.2 mi)
  • Wellesley Road (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • George Street (0.1 mi)
  • Church Street (0.2 mi)
  • Wellesley Road (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2457354-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co , London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.