Friendly Social & Snooker Club in Hampshire

Marchwood, Southampton
REF: R07885

Asking Price:
£150,000
Annual Turnover:
£156,948
Annual Net Profit:
£53,436
REF: R07885

Overview

Tenure:
Leasehold
Established:
1986
  • Loyal customer base
  • Huge growth opportunity
  • Low overheads
  • Spacious, well-equipped premises with equipment included in sale
  • Events hosted
  • Wide variety of facilities

The business for sale is a snooker and pool hall with a bar near Southampton, Hampshire.

Cue T’s Social & Snooker Club was first established in 1987 and has been under current ownership since 2015, growing to become a cornerstone of social life in the village of Marchwood.

The business prides itself on being the No.1 social and snooker bar in the Hythe & Waterside area, providing a warm welcome for all guests and a relaxed environment to enjoy a beverage or grab some food whilst playing pool, snooker, and fruit and slot machines.

The venue is presently run by the two owners, along with the assistance of another staff member when Covid-19 restrictions allow Cue T’s to open.

The business’s 5-year lease is due to expire in 2021 but ultimately offers great flexibility for the buyer, as it is open to renegotiation and extension.

The venue is in the village of Marchwood, which is ideally situated on the western shore of Southampton Water and directly east of the New Forest. Cue T’s is found in the heart of the village, surrounded by shops and other local businesses.

The venue’s entrance is on the ground floor, with a secure door opening to a set of stairs which lead up to the premises on the property’s first floor. Once upstairs, there is another secure door to the venue. The main room consists of a bar, kitchen, slot machines, fruit machines, snooker tables, and pool tables. A double door provides access to a secondary snooker area. An office and W/C facilities are also available.

All equipment is incorporated into the asking price, including bar and office equipment, snooker and pool tables, fruit and slot machines. Additionally, the vendor is willing to provide a transitional period to ensure the buyer benefits from a smooth handover of business operations.

The ideal buyer for Cue T’s is a local resident who is familiar with the business and its clientele, therefore giving them superb insight into the customers’ demands.

The business would likely benefit from the new owner creating a website to inform its target market of the amenities available in its spacious Marchwood premises. Cue T’s presently operates a Facebook page with 350 followers, providing a strong foundation from which to develop its social media presence further, using it as a tool to increase brand awareness and generate more visits to the venue. The new owner may also wish to consider organising competitions as a method of encouraging more engagement and visitations, thereby growing the business and its revenue further.

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  • Village location
  • Residential area
  • Shopping centre location
  • Close to universities
  • Close to local businesses
  • Close to schools
  • On-site car parking
  • No local competition
Rent
£18,960
Rates
£0
Lease Term
5
Lease Expiry
2021
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
This business does not require an EPC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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