The nightclub sector is mostly comprised of independently-owned or smaller multiple operators, with a limited amount of corporate ownership. Nightclubs can be subdivided into a number of categories:
- super clubs;
- mid-sized clubs;
- small clubs; and
- chameleon clubs.
In recent years the nightclub sector has not only been adversely affected by the changes in the licensing regime but has also suffered as a result of changing social trends.
Licensed premises, including nightclubs, are generally bought and sold by reference to their trading potential as the motive of the operator and purchaser is to trade from the premises to realise its profit potential. Consequently, valuers compare and value premises on a trading/profit-related basis.
Related RICS professional guidance
VPGA 4 Valuation of individual trade related properties (RICS Valuation Professional Standards 2014)
RICS standards and guidance
- RICS property measurement
- UK commercial real estate agency
- New rules of measurement
- QS and construction standards
- Residential property standards
- Valuation standards
- List of RICS standards and guidance
- RICS standards and guidance archive
- Introduction to the nightclub sector
- Nightclub market overview
- Basis of valuation
- Inspections, investigations and accounts
- Nightclub valuation examples