Thu, 11 Mar 2010 | ADMINISTRATION
A portfolio of ten bars, formerly owned by 3D Entertainment, has been placed on the market.
Colliers CRE has been mandated to sell the leasehold properties by the administrators of 3D Entertainment Limited and 3D Entertainment Group (CRC) Limited.
The portfolio is comprised of eight Chicago Rock Cafes, which are located in Banbury, Chichester, Colchester and Epsom, among other locations. Archaos, a large nightclub in Glasgow and another nightclub Kestral Xs, situated in Cumbernauld are included in the portfolio.
On its website Colliers said it "will dispose of the ten remaining sites which are situated on the main licensed circuits and are fitted out ready for immediate occupation."
3DE, which is 49% owned by another nightclub operator Luminar, went into administration two weeks ago. 3DE was spun out of Luminar in 2007.
It is thought the nightclub operator was hit by rising unemployment amongst its young customer base.
A total of 31 out of 50 venues have been sold on to US private equity firm Sun Capital Partners in a deal worth £10m, securing 730 jobs.
The break up of 3DE follows unsuccessful attempts to merge with other companies including Premium Bars & Restaurants and Regent Inns.
The vendor has been providing hydraulic solutions and services for over 20 years, growing into one of the UK’s largest hydraulic component suppliers and repairers. The business supplies hydraulic parts and cylinders to various industries, including a...
Established for over 30 years, the business is located near a seaside town providing a range of care solutions for the Elderly (over 65’s); it is now on the market for sale. In addition to offering Residential care, the business also specialises in,...
FREEHOLD
For over 12 years our client has been manufacturing a market leading product, supplying the candle manufacturing sector, supporting all types of clients from large producers down to small hobbyists. The knowledgeable and friendly staff help clients s...
22
|
Apr
|
UK administrations update: April 16 - 22 | ADMINISTRATION
Since our last update, the following businesses have been co...
22
|
Apr
|
MII selects employee ownership | BUSINESS SALE
Caerphilly engineering firm MII Engineering has transitioned...
21
|
Apr
|
Sybron undergoes management buyout | MBO/MBI
Sybron, a supplier of cleaning, hygiene and catering product...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.