Clubbing is still as popular as ever and, for those with the vision, energy and finance to buy – or set up – and operate a nightclub to a successful formula, the return on investment can be considerable.
However, you’ll need more than just a love of music and dancing to make a nightclub business work.
Considerations for buying a Nightclub
Do a Google search on ‘nightclubs for sale’ and you will be directed to brokers’ pages advertising a huge choice of venues in locations all across the UK. However, do bear in mind that it’s rare for successful established nightclubs to come to the market (and, if they do, you should take care to find out why).
That’s not to say that it’s impossible to take over and turn around a poorly performing nightclub business – provided you have done rigorous planning and research, understand the risks and go into the venture with your eyes wide open.
There are many potential pitfalls for the unwary nightclub buyer, from issues obtaining finance and getting the landlord’s consent to transfer the property (if leasehold), to licencing and planning complications and problems retaining key employees.
It pays then to seek expert professional advice early on in the process so that you can avoid costly mistakes.
Buying a Nightclub Solicitors
At Truelegal we specialise solely in working for people buying and selling businesses. We have particular expertise in the hospitality sector and have acted for many buyers and sellers of pubs, bars and clubs from across the UK.
We are familiar with the risks and challenges facing those interested in investing in this sector and have the knowledge and experience to efficiently progress deals to completion whilst making sure your position is protected.
What’s more, we work on a fixed price basis, meaning you’ll know exactly how much the legal work is going to cost you at the outset.
Make a free enquiry
The sooner we become involved in the process of helping you to buy your nightclub business, the better understanding you will have of the associated risk and the more likely it is that your purchase will be successful.
Our full contact details can be found on our Contact Us page.
We look forward to hearing from you.