I have a friend who is in the process of starting a club in London, a few miles from Shoreditch.u00a0 It took a year of looking to find someplace decent and reasonably priced and even then the purchase of the lease (aside from the weekly rent) was around GBP100k -- and it was that low because the place was spotted early in the search and the landlord came down months later when it was still vacant.u00a0 Re-doing the interior will easily take another GBP150k-200k.u00a0 This is for about 1000sqft in a basement.u00a0 And that is before the doors open!You want to get a place that already has the licensing hours you require otherwise it could take a long time to get them changed -- IF you can get them changed.I would expect to go in willing to invest at least GBP300-400k minimum for a smallish place.