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Night Club For Sale
Location New York,United States
Asking Price Range < $250K
Gross Revenues $508000
Net Profit / Cash Flow $105600
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1965
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description Well Known Large 12000 sf Long Island dance club & night club Open 5 days per week. Established 50 years all permits grandfathered in with occupancy for 600 people. This great place is located in a very desirable location on main route with great viability. The have parking for hundreds of cars. This great place has a complete separate smoking section inside it also has 3 bars large dance floor, DJ boot out side patio & a kitchen area. This club offers catering,DJ,dancing Live bands & entertainment. This club is available for sale with or without property. Real Estate is available from PMTG Realty for a additional $1.750,000 total asking price for business with real estate is $2.3 Contact Agent & Broker Jim Aloi 631-375-4100 Real Estate taxes are $60k yearly! Seller will hold a ten year mortgage for qualified buyer who buys business and real estate and has about 40 percent to put down as down payment. This is prime Real Estate Great for a lot of different businesses,fast food,medical,catering hall etc. Sellers take out over $100k after paying them self $156,000 in rent. This club can be updated and open more hours which will greatly increase cash flow. Promoters pay for entertainment. Very low payroll- shift pay for most of staff. This club is 90 percent liquor. If buyer buys real estate and business asking price is $2million with $600k down seller will hold 10 year note for balance at 7% interest..... Business only $350,000.
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