Nightclub Investment

 

A millionaire entrepreneur has set his sights on Cornish venues to help pick Britain's dance club business off the floor.

 EMCO Capital Advisers have launched an Alternative Property Fund. From this week the Cayman Island-registered property fund has begun to shortlist scores of ailing nightclubs, late-licence bars and beleaguered dance halls across the country. The fund, set up by young entrepreneur Emyr Hughes and his business partner Danny Brown, will then try to revive the venues through rebranding and refurbishment, or secure Planning Permission to redevelop the properties as flats, shops or offices before selling them on.

EMCO, which is hoping to invest around £5million a month on purchasing venues, is talking to us about several nightclub businesses in Cornwall including premises in Newquay and Penzance.

A spokesman for Emyr Hughes said "EMCO have looked at around 3 dozen sites in the UK including a particular focus on Cornwall". This is most probably down to Mr Hughes' familiarity with the County, as he had been involved with managing nightclub venues in Cornwall in the past.

He added "The fund will avoid investing in or around London where high property values and a tough Planning system make it hard for "turn-round investors" to profit".

Head of our Business Transfer department, Graham Timmins commented "investment in the County in this sector has got to be good news. In the right hands and with the right publicity, for example social media, the fortunes of a nightclub can be turned around in a relatively short space of time. As a backstop the premises and land offer quite a high potential for alternative use and a good investment for operator/owners".

Contact Graham Timmins for further information on 01872 247019

New properties

Praa Sands PO & Stores with 4 bedroom owners accommodation

We understand a business has traded on this site since the 1950's and has been in our clients tenure for the past 19 years who are now selling due to retirement.  The business trades all year with opening Hours of 7:30am to 18:00pm Monday to Friday and 08:00am to 18:00pm on Saturday and 09:00am to 11:00am on Sunday.  The PO hours are 09:00am to 17:30pm Monday to Friday and 09:00am to 12:30 on Saturday.  The business is run by our clients with up to 4 part time members of staff. We are advised the PO has Community Status. 

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