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Cocktail Lounge / Nightclub
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $420000
Net Profit / Cash Flow $117600
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Description Cocktail Lounge/nightclub In Desirable Mid Peninsula City With $118,000 Profit Price Reduction
RRC#: 1760
Asking Price: $245,000
Location: Mid Peninsula, Desirable Peninsula City, California
Yearly Revenue: $420,000
Yearly Cash Flow: $117,600
Monthly Rent: $5,572
LISTING DESCRIPTION:
A cocktail lounge in a desirable peninsula city with long bar and comfortable lounge area. Dancing, live music and DJ music are all allowable. There is a DJ booth with sound and lighting equipment including JBL monitor, 2 Crown amps, 4 JBL M pro speakers, Furman conditioner, 2 - 800 MK2 Pioneer, DJM 600, 2 Technics turn tables SL-1200 MK2 and a max x 3 crossover. There is upside for additional days and hours of operation as the business currently runs only 4 days a week between 7p and 2a. Some of the additional equipment includes as follows: ice machine, 15 ottomans, 8 - 4' cocktail tables, 2 - 5' cocktail tables, 2 Sony flat screen TV's, 3 compartment sink, 3 ice jockeys with speed rails, single sink, black couch, 3 Casio registers, popcorn machine, hot dog steamer, walk-in refrigerator, 2 door under counter refrigerator, back bar, 11 bar stools, L shaped couch approx. 4' x' 4', couch, approx. 4' x 34' couch, 3 SMC 14'' fans, micro phone, 5 crowd control poles, nacho cheese machine, HP laser jet 2600N printer, fax scan super G3 and HP scan jet 3110, etc. There are also 2 restrooms and an upstairs storage and office area.
GENERAL INFORMATION:
Organization: Corporation | Seating: 100+ | Square Footage: 1,600 approx + upstairs area | Parking: Street | Licenses Required: Business, ABC Type 48 (hard liquor) | Days Open/Hours: 4 / W-SA 7p-2a | Reason For Sale: Other interests |
FINANCIAL INFORMATION:
Yearly Revenues: $420,000 | Yearly Cash Flow: $117,600 |
LEASE INFORMATION:
Monthly Rent: $5,572 | Lease Expiration: 11/30/14 | Yearly Adjustment: CPI | Lease Option: Negotiable |
FINANCING INFORMATION:
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