NORTHERN SNOOKER CENTRE NORTHERN SNOOKER CENTRE 92 KIRKSTALL ROAD, LEEDS, WEST YORKSHIRE, LS3 1LT

REF: 5490052

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TABLE OF CONTENTSTABLE OF CONTENTS

Executive Summary ..................................

Investment Highlights .................................

Asset Overview ......................................................

The Business ................................................................

Financial Overview ......................................................

Structure of Sale ..............................................................

Process and Contacts .......................................................

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EXECUTIVE SUMMARYEXECUTIVE SUMMARY

The Northern Snooker Centre (or “the Northern” as it is affectionately known to its many customers and the wider snooker fraternity) has been in the same family ownership for 47 years.

Following the decision by the major shareholder of the business to retire, Christie & Co is delighted to bring to the market for the first time in nearly half a century, one of the UK’s best-renowned snooker venues.

In the same family ownership since 1974, the Northern Snooker Centre (“NSC”) presents an exceptional opportunity to acquire one of the UK’s premier cue sports venues.

The Property comprises ground and first floor accommodation extending to 1,633.08 sq m (17,578.47 sq ft) together with on-site car parking and the ability to extend further over the first floor level (planning consent lapsed).

There are 27 snooker tables including a dedicated exhibition area, six English pool tables, 17 American pool tables, together with bars, a conservatory and external patio seating.

The Property has received consistent investment over the years with all tables brushed and valeted daily and regularly recovered throughout the year.

The NSC is well known on the UK and international snooker circuits hosting the World Ladies and World Billiards tournaments as well as a variety of English Amateur events.

Self-contained “Stateside” Pool hall at first floor with younger audience and popular for group bookings tournaments as well as a variety of English Amateur events.

With players ranging in age from seven to over 70 years, NSC has an active membership totalling approximately 9,000 and is popular with families and students through to high-ranking amateurs, semi-professional and professional players.

The business operates with a full-time manager, with members of the family team involved in front of house, administration, coaching and general management roles.

NSC is especially popular with students from both Leeds and Leeds Beckett universities, and a number of significant student accommodation properties are within very close proximity of the business.

Average three-year trailing annual turnover in excess of £950,000 net of VAT.

Average three-year trailing adjusted net profit (before interest, depreciation and directors’ costs) in excess of £180,000.

NSC is ideally suited to owner/operators or investors as well as former players looking for involvement in an established and well invested business with an experienced operational team in-situ. The business may also appeal to corporate/multi-site operators in the licensed leisure sectors.

INVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTS

In the same family ownership since 1974 and offered for sale

due only to retirement

Long established and profitable business occupying a high-profile

edge of city location

Well maintained with consistent annual investment and

maintenance throughout

Attractive long leasehold tenure with low annual ground rent

(£14,240)

Self-contained Stateside Pool Lounge popular with students and corporate/party group bookings.

27 Snooker tables including a dedicated exhibition area, six

English pool tables, 17 American pool tables, together with bars,

a conservatory and external patio seating

Approximately 9,000 members across a wide range of age groups

Highly regarded snooker circuit venue hosting both international

and domestic events

Average three-year trailing annual turnover in excess of £950,000

net of VAT

Average three-year trailing adjusted net profit (before interest, depreciation and

directors’ costs) in excess of £180,000

Ideal strategic acquisition opportunity for an owner operator,

investor or multi-site operator

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ASSET OVERVIEWASSET OVERVIEW92 KIRKSTALL ROAD, LEEDS, WEST YORKSHIRE, LS3 1LT92 KIRKSTALL ROAD, LEEDS, WEST YORKSHIRE, LS3 1LT

The Northern Snooker Centre occupies a prominent position fronting Kirkstall Road, approximately 1.3km west of City Square and Leeds Central Station.

Kirkstall Road has witnessed a renaissance of development over the last few years with several high-profile apartment schemes under way and around 2,500 homes and apartments including student, build-to-rent and affordable housing in the pipeline.

Immediate neighbours include the Holiday Inn Express and Kirkstall Brewery & Taproom, Leeds School of English, together with a significant number of purpose-built high-rise student accommodation buildings situated within the adjacent Burley Road corridor. Yorkshire TV’s studios and the Emmerdale Tour are located approximately 325m to the west.

Leeds is the largest city in West Yorkshire with an estimated population of 780,000 and an urban area population of 1.89m.

The city, renowned for its legal, financial, and commercial sectors, is also home to a vibrant creative community, with award-winning national theatre and dance companies, a world-class arena and a thriving independent food scene.

Both the BBC and ITV have their regional offices and studios in Leeds, whilst Channel 4 opened its National HQ here in 2020.

From Yorkshire’s Headingley Cricket HQ to neighbouring Leeds Rhinos rugby league ground and Elland Road welcoming back Premiership Football to the city after a break of 16 years, Leeds has a thriving sporting culture.

With nearly 60,000 students attending Leeds University and Leeds Beckett University, the city is also a very popular location for students studying a diverse range of subjects.

Leeds is very accessible with over one million people living within an hour’s drive of the city. Its central position in the UK coupled with its international airport, road and mainline rail links provide exceptional connectivity.

Frequent, high speed train services mean that London is only two hours away, whilst Leeds-Bradford airport flies to London Heathrow Terminal five five times daily, with flights taking under an hour.

Some of the country’s highest-capacity strategic motorways and arterial roads also converge here, such as the M62, connecting the east and west coasts of Northern England and the M1 and A1(M) between London, Newcastle and Edinburgh.

A64

M621

A643

A61A61

A63

A61

University of Leeds

Leeds Station

ITV Yorkshire

Leeds Town Hall

Leeds United A.F.C

Leeds Beckett Univeristy

Leeds General Infirmary

Leeds Combined Court Centre

Trinity Leeds

Royal Armouries Museum

Leeds City Centre

LTTTLE LONDON

LEEDS DOCK

THE CALLS

ARMLEY

HOLBECK

NORTHERN SNOOKER

CENTRE

A65

A65

Elland Road

DESCRIPTIONNSC comprises a single and two-storey, brick-built property under pitched and hipped and flat roofs extending to 1,633.08 sq m (17,578.47 sq ft).

Click here to view the virtual tour.

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Ground Floor

• 27 snooker tables including exhibition area,

• 2 English pool tables, 2 American pool tables

• Bar, WCs, beer cellar and kitchen

• Conservatory area opening onto an external patio area with seating

The accommodation is arranged as follows:

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First Floor

• 15 American pool tables and 4 English pool tables

• Two bars (one with dance floor and DJ console) and two sets of WCs

• Bottle store, storeroom and office

Outside

• To rear of the property is car parking for approximately 17 vehicles (additional on-street parking subject to availability)

• Garage/store

• Planning consent (lapsed) was previously obtained to extend the first floor area above the snooker hall

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THE BUSINESSTHE BUSINESS

The Northern Snooker Centre is arguably one of the best competition venues in the world, sponsoring and hosting tournaments from local junior events right up to the World Billiards Championship including the following selection:

• Leeds City Championships

• Yorkshire Championships

• English Junior Championships

• English Amateur & Open Championships

• World Billiards Championship

• Home Internationals

• World Ladies Snooker

Over the years the club has welcomed most of the industry’s highest-profile players from Fred Davis, Ray Reardon, Alex Higgins, to Steve Davis, Dennis Taylor, Jimmy White and Stephen Hendry and more recently, Ronnie O’Sullivan, James Wattana, Neil Robertson and Judd Trump.

The business attracts a significant number of high-level amateur and professional players as well as a diverse age range and with players ranging from seven years of age to over 70 the NSC is popular with families.

The ground floor caters specifically to the snooker market where many competitions are held here throughout the year.

During the late 1990’s and early 2000’s the business made significant investment in creating the self contained “Stateside Pool Lounge” at first floor level. Diversifying into the American 9-ball and the UK 8-ball pool market complemented the snooker market and attracted a slightly different demographic, including students and corporate/party group bookings leading to increased bar takings for the business.

The club is also used by pool enthusiasts throughout the year, whilst Monday is the main student night for the business.

Pub-style food is available (10am to 7.30pm) serving breakfast through dinner with snacks available during opening hours, and we are advised that the average spend per table is approximately £12.50.

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COACHINGCOACHINGIndividual coaching sessions are available priced at £30 per hour.

Group coaching sessions are held six times a week with Junior coaching (U18s) on Saturday mornings priced at £4.00 and open age sessions Monday through Friday priced at £5.00.

TABLE RATESTABLE RATES• Refurbished BCE Westbury snooker tables - £8.20 per hour• Refurbished BCE Westbury snooker tables - £8.20 per hour

• Riley Aristocrat snooker tournament tables - £8.20 per hour• Riley Aristocrat snooker tournament tables - £8.20 per hour

• 2006 World Snooker Final table with hotwire heating £8.95 per hour• 2006 World Snooker Final table with hotwire heating £8.95 per hour

• Match Arena - (2015 PTC Tournament table) STAR table with Strachan no.10 • Match Arena - (2015 PTC Tournament table) STAR table with Strachan no.10 cloth and hotwire heating - £9.95 per hourcloth and hotwire heating - £9.95 per hour

• American 9-ball pool - £8.20 per hour • American 9-ball pool - £8.20 per hour UK 8-ball pool - £8.20 per hour UK 8-ball pool - £8.20 per hour Front room match tournament tables with hotwire heating - £8.95 per hourFront room match tournament tables with hotwire heating - £8.95 per hour

MEMBERSHIPMEMBERSHIPNSC has a strong local and regional membership with approximately 9,000 members in total. Current membership rates are as follows:

• Full Membership: £6.00

• Junior (Under 18): £3.00

• Student (NUS): £3.00

• O.A.P: £3.00

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OPENING HOURS9.30am to midnight – Sunday to Thursday

9am to 2am – Friday and Saturday

STAFFINGOur clients work within the business together with a full-time manager

and a complement of predominantly part-time staff on flexible contracts. Students provide a useful supply of staff which fits in well with the trading

profile of the business, being quieter during the summer months when the universities are in recess.

FINANCIAL OVERVIEWFINANCIAL OVERVIEW

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Year-end 31st March 2017 % 2018 % 2019 % 2020 %

Bar Takings (£) 428,450 47.9% 441,583 45.4% 431,502 45.8% 440,724 46.0%

Table Receipts (£) 369,405 41.3% 409,378 42.1% 410,769 43.6% 424,610 44.3%

Subs and Gaming Fees (£) 96,030 10.7% 122,452 12.6% 100,457 10.7% 92,113 9.6%

Turnover (£) 893,885 100.0% 973,413 100.0% 942,728 100.0% 957,447 100.0%

Wages & Salaries (£) 286,820 32.1% 297,347 30.5% 295,037 31.3% 276,165 28.8%

Gross Profit (£) 377,287 42.2% 429,381 44.1% 416,452 44.2% 453,320 47.3%

Adjusted Net Profit (£)* 174,920 19.6% 194,018 19.9% 184,153 19.5% 171,559 17.9%

*Before Interest, Depreciation and Directors’ costsN.B. The year ending 31 March 2020 includes a 10-day period of closure due to lockdown resulting in loss of sales over that period.

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TENURETENURE• Long Leasehold

• The property is held on two co-terminus leases from the University of Cambridge - an 85-year ground lease from 31 May 1975 and a subsequent ground lease from

1 November 1986. Both leases are due to expire on 30 May 2060.

• The combined annual rent of £14,240 is due for review on 31 May 2031 and thereafter on a 14-year cycle by agreement, or on such terms as the land “might reasonably be expected

to be rented without any buildings”

PERMITTED USEPERMITTED USESnooker and Billiards Hall with accommodation.

GUIDE PRICEGUIDE PRICE Offers in excess of £750,000 are sought for the fully equipped long leasehold going concern.

Stock and glassware in addition at valuation.

STRUCTURE OF SALESTRUCTURE OF SALEOur client’s preference is to sell the business by means of the sale of 100% of the issued share capital of

Northern Snooker Centre (Leeds) Limited.

Alternatively, the Northern Snooker Centre may be available by way of an asset plus business sale.

PROCESS & CONTACTSPROCESS & CONTACTSApproaches should not be made to Northern Snooker Centre (Leeds) Limited or any of the staff or management of

the Property under any circumstances.

All enquiries relating to this exceptional opportunity should be directed to:

Jon Patrick

Head of Leisure & Development

T: +44 7831 263 529

E: jon.patrick@christie.com

CONDITIONS OF THESE PARTICULARSThese sales particulars are prepared as a general guide to the property (which expression includes business and trade content, if any, included in the sale) for the convenience of a prospective purchaser or tenant (an “acquirer”) and are intended for business people familiar with commercial transactions. If you are not sure that you fit this description you should take relevant independent advice before proceeding further. . Christie & Co and HMH Golf & Leisure (“The Joint Agents”) for them-

selves and for the vendors, owners or landlords of the property (together the “Client”) whose agents Christie & Co are, give notice that: (a) These particulars are made without responsibility on the part of The Joint Agents or the Client; they do not obviate the need to make appropriate searches, enquiries and inspections, nor do they constitute any part of an offer or contract, and statements herein are not to be relied upon as statements or representations of fact; any acquirer must satisfy himself, by inspection or otherwise, as to their correctness and any error, omission or misdescription therein shall not affect or annul the sale or be grounds for rescission or compensation; (b) The Client does not make or give, and neither The Joint

Agents, nor any of their employees has any authority to make or give, any representation or warranty whatsoever in relation to the property; (c) The Joint Agents have not carried out a detailed survey, nor tested the services, appliances and specific fittings; (d) Dimensions (where given) are approximate and should be verified by an acquirer; and (e) Any accounts or financial statements or registration information provided to an acquirer are provided on behalf of the Client by The Joint Agents,

who cannot therefore offer any guarantee of their completeness or accuracy, and accordingly shall not be liable for any loss, damage, cost, expenses or other claims for compensation arising from inaccuracies or omissions therein. These details were believed to be correct at the date of publication but their accuracy is not guaranteed. Subject to contract. Copyright reserved The Joint Agents. September 2021.

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26 June 2017. This now requires us to conduct due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence.