Fantastic Night Club-Restaurant

Asking Price$1,650,000

Cash Flow
$340,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,033,000

Inventory$20,000
Included in asking price
FF&E$5,000,000
Included in asking price
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Fantastic Night Club-Restaurant


Asking Price$1,650,000

Cash Flow
$340,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,033,000

Inventory$20,000
Included in asking price
FF&E$5,000,000
Included in asking price
Business Description
Fantastic Night Club-Restaurant
Seller will Consider Offers from $1,650,000. Exciting 15,000 Square foot Night Club, Events Venue--capacity is over 750 seating and over 1500 Standing. This is a great opportunity to make a lot of money--currently the business is operating as a Brazilian Steak House during the week and just recently as a Events Venue on Friday and Saturday. Over the last couple of years the Club has hosted a number of major events some bringing in as much as $200,000 in a single day. With the new schedule the business has a very big opportunity to make substantial money. Over $6,000,000 has been invested in the business, it has been established as a major club and venue for over 20 years. Because the Business has not operated much as a Venue where it is rented out for the night net profit for the last year has not been significant. The Seller has owned the business for only about a year and a half. The low price reflects the income and the value is in the 20 year lease at 40% of market rate ($37,000 a Month Including Common Area Maintenance) , the size of the location, the big amount of free parking for guest of the business in the evening , the Night Club License, the potential to make a lot of money with renting out for Weddings, Bar Mitzvahs , Concerts, Anniversaries, Birthdays and corporate events. There is no marketing for the Venue and everyone that rents has come to the business as they know it's a place for special events. This is a huge opportunity for the right buyer with some vision--if a buyer has background in the business we may be able to assist in an introduction to an SBA Lender who can make a 90% to 95% Loan with working capital to promote the Venue side of the Business.
About the Business
Years in Operation
21
Number of Employees
18
Facilities & Assets
The Business includes all the assets no equipment is leased.
Website
https://www.Businessteamusa.com
Market Outlook / Competition
There are few Venues that have 15000 Square feet and parking for hundreds of cars at night.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
15,000
Rent
$37,000.00 per month
About the Sale
Seller Motivation
Owner is ill and needs a surgery
Transition Support
The Seller will train for 15 days at no cost.
Listing Info
ID
2357319
Listing Views
841

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Business Listed by: Alan Mehrez United Realty Group

Listing ID: 2357319 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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