Nightclub and Lounge

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Asking Price:
$275,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$175,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

OWNER FINANCING AVAILABLE!

Downtown nightclub with an excellent customer base. Established and profitable for several years running.

Location is licensed for multiple bars, both indoor and outdoor, with a Type 48 ABC License (full liquor). Separate dance doors and DJ booths are perfect for private party reservations. Smaller groups can enjoy the private seating and VIP bottle service. Features a licensed patio and separate performance stage for live music and special events.

ABC license is valued at $275,000 on the open market. The strong asset value and established customer base make this an excellent investment opportunity.

The business shows increasing gross revenues with absentee ownership while operating solely in the evening hours. An on-site owner-operator could implement special events, open earlier for happy hours or sports packages, and tighten the payroll expenses that come with off-site management.

Please contact Compass First for additional details.

About the Business

Location:
Santa Barbara, California

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Listing Info

ID:
1491869
Ad Detail Views:
558

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Business Listed by

Matt Olufs

Compass First
License# 01912098

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U.S. Census Data for Santa Barbara County, CA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Santa Barbara County, CA
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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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