London Music Club eyes options to keep the doors open
A real estate listing shows the club for sale for $100K
With pandemic restrictions keeping audiences small, the London Music Club is looking at options to keep the doors open, including floating the idea of selling the business.
A real estate listing shows the club at 470 Colborne Street for sale as a business opportunity for $100,000. The post says the music club is a "strong viable business" and a "great spot situated downtown in the Historic Woodfield District."
The listing shows that the sale would include the transfer of the business name, all contact and operational information, including training if desired.
Club co-owner Pete Denomme confirmed to CBC News that he is considering "options" to keep the venue running, and the sale listing doesn't mean they're closing their doors. He said they previously listed the building for lease and now they're seeing if there is any interest in someone taking it over.
Denomme said another idea would be to partner with a cultural group who could rent the space during the week.
The long-time London staple is made up of three rooms to host live music and events with capacity for 280 guests. Current COVID-19 orders limit the number to 50, which means even if they sell out a show, it's a drop in revenue of over 80 per cent.
According to the club's website, the kitchen is closed, so food sales are limited to packaged snacks which are available at the bar.
Since shutting down on March 14 when the pandemic was declared, the music club has hosted just a handful of events, including a speaking and storytelling show, a two-night comedy show and a sold out concert. The only upcoming event posted on the site is on Oct. 19.