Real Estate Included - Nightclub Multiple Bars
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $360000
Net Profit / Cash Flow $36000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1983
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training As needed.
Reason for Sale Other business interests.
Description This location has been a nightclub for over 3 decades and it probably could use some new business owners to re-brand and take the guts of what is available after the recent $150,000.00 current owners have put into a vast remodel. Property will be purchased in a separate collateralized stock purchase agreement at a cost of $345,000.00 at a target payment of $4,500.00 per month (subject to future negotiation and mutual agreement - offers with a lower monthly payment can potentially be negotiation and mutual agreement - offers with a lower monthly payment can potentially be negotiated on the stock agreement component subject to buyer approval). Long term lease possible for those that do not want to commit to purchasing the stock agreement and just a simple leasehold as part of a condition of closing. Asking price for Assets only is $59,000.00. Multiple bars, dance area, patio area, granite countertops, no expense was spared, and this location shows exceptionally. NDA is required to schedule a walk-through.
Facilities:
Multiple bars, outdoor patio, turnkey operation.
Competition/Market Pros and Cons:
Nightlife locations with this kind of build out rarely go on the market, and especially at this entry-level price point.
Growth and Expansion Pros and Cons:
Focus on business development or re-brand according to Buyer{s preference.
Support/Training:
As needed.
Reasons for Selling:
Other business interests.
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