Night Club/Bar & Grill in Virginia

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Business Description

Very popular, and extremely busy Night Club/Bar & Grill located in a Busy part of Virginia. This 10,000 Square Foot Night Club with a capacity of greater than 900 patrons features 3 Full Bars, and 2 Cocktail Bars, along with a Very Large Dance Floor. The business also has a Full Kitchen offering a large variety of food items for Lunch and Dinner crowds. Furniture, Fixtures and Equipment value in excess of $300,000, includes Lighting, Sound, Stage, and Kitchen. Newley renovated in 2010, including large bathrooms, and all new A/C units. This is truly a Turn Key operation, but with a little TLC, and a few minor upgrades there is no limit to the growth potential.

About the Business

Year Established:
2006
Number of Employees:
9 FT, 5 PT
Real Estate:
Leased
Building Sq. Ft.:
10,000
Rent:
$17.76 Per Month
Lease Expiration:
9/30/2020
Facilities:
10,000 Square Feet, with total monthly Rent of $14,800 (NNN), and a Lease Term of 2 years, and One 5 Year Option.
Market Outlook/
Competition:
No similar business Competition in the area.
Growth & Expansion:
Some minor updates, along with expanding the types of Entertainment Offered, and the Menu Items Offered, and Doing more Marketing and Advertising.
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About the Sale

Reason For Selling:
Other Business Interests
Training/Support:
Seller will give 2 - 4 weeks of Training Transition.
Seller Financing:
Negotiable

Listing Info

ID:
1553812
Ad Detail Views:
255
Asking Price:
$495,000

Gross Revenue:
$1,250,000
Cash Flow:
$250,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

FF&E:
$300,000
included in asking price

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Business Listed by

Gary Steven Russell

G. S. Russell Business Brokers and Advis

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U.S. Census Data for Virginia
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Source: Decennial Census (2010), United States Census Bureau.

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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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