Top Performing Hip Hop Club

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Asking Price:
$249,900

Gross Revenue:
$450,000
Cash Flow:
$62,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$7,500
included in asking price

FF&E:
$102,000
included in asking price

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Business Description

For the past 15 year and more this club has rocked, every Thursday thru Sunday. Customers line up to get in. The location is outstanding with no competition anywhere around the place. It’s the only club like this for miles, located in an upper middle income area. The location is just minutes from the ocean front. This is the total package. Club and bar business is booming.Thursday-Sunday is standing room only, with the nightly specials that draw crowds in for the fun, good times and great food and drinks.
Location is raking in the cash. Owners have operated location for nearly fifteen years and are tired of the club and restaurant business. They are ready to cash out and turn the bar over to the next success minded owner, it's your turn.
Are you ready for the club ownership lifestyle, late nights filled with lots of cash counting, yes it's a tough job but someone has to do it! For more information about this fantastic opportunity please contact Fouad Mohit 1-757-237-2301 or fouad@sunbeltnetwork.com

About the Business

Year Established:
2003
Number of Employees:
2 full time
Real Estate:
Leased
Building Sq. Ft.:
3,500
Rent:
$7,300.00 Per Month
Lease Expiration:
12/31/2020
Facilities:
3500 square feet of well laid out with DJ booths and dance floor,2 bars and plenty of VIP's section.
Market Outlook/
Competition:
The format, location, longevity, and accessibility makes it very difficult for the competition to compete.
Growth & Expansion:
The seller has operated this business for the past 15 years, he has created a fantastic business but, he is burned out. It is time for a new person to take charge and expand the hours of the opration and implement new ideas.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will help train and transition the buyer at no cost to the buyer.

Listing Info

ID:
1585905
Ad Detail Views:
0

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Business Listed by

Fouad Mohit

Sunbelt Business Brokers of Hampton Road

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Sponsoring Broker:

SUNBELT HRVA
Sunbelt Business Brokers of Hampton Road

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

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U.S. Community Survey Data for Virginia Beach city County, VA
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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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