Large Entertainment L:ounge (ID: 1088691)

Seller Financing Available!
Asking Price: $245,000
Gross Revenue: Not Disclosed
Cash Flow: Not Disclosed
Inventory: $20,000 ++
Real Estate: n/a
FF&E: $180,000 ++
Business Listed by Jim SimmonsKeller Williams Commercial Capital Partners RealtyView All of My Listings
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Large Entertainment L:ounge
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Business Description

Make it your own specialty venue.



Nite club of over 4,000 sf with a full equipment package. Now Rhythm & Blues theme, but needs new venue and management. Liquor to 2:30am, 7 days sales with carry out licenses.



Good lighting and sound systems for bands/dancing.



Past sales have been in excess of $22,000 per week.

About the Business

Year Established: 1986
Number of Employees: 10

Facilities: Nite Club of over 4,000 sq. ft. with dance floor and band stand. Two large bars seating 45, with total capacity of 279. Leased to Feb, 2014 at 5,034/ month total. There is an adjoining 3,200 sf that could be added to the lease, to make it 7,300 sf club.

Market Outlook/Competition: Has been a R & B theme for many years. Time to change it into a dance club, live music venue, or adult entertainment. New owner needed to revitalize and make own venue. There are other clubs in the area.

About the Sale

Reason For Selling: Breaking up of partnership. Primariy owner has other serious business obligations.

Training/Support: Up to two weeks free

Gross Revenue Comments: Sales of greater than $22,000/wk in past.

Seller Financing: Some Seller financing will be considered with experienced buyer.

LISTING KEYWORDS: Entertainment bar, bar, dance floor, band stand, liquor licenses, carry out license, add adjoining square feet,

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