Industry sector: Leisure

Night club: Rent

Enter in your cash flow forecast the amount of rent you will have to pay for your premises in the months that you will have to pay it.

If you have not yet decided on a particular premises you could contact a local estate agent who handles commercial property to get an idea of how much the rent is likely to be. It's likely that you have already given some consideration to the type and location of the premises that you will require, so they will be able to give you some guidance as to how much you will have to pay.

Remember that planning permission is likely to be a major issue if you intend to start your night club business from scratch.

Bear in mind your premises should be accessible to customers who are disabled and that your alcohol licence will contain conditions covering fire safety and general safety features. Before issuing the licence the premises will be inspected and an assessment made of the risks.

Your solicitor will help you with the lease agreement but make sure that you are clear about:

  • whether the premises can be used for the purposes you have in mind
  • how frequently the rent will be reviewed
  • how long the lease runs for
  • what you and the landlord are each responsible for
  • the position as regards sub-letting