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Lux Lounge In NYC - Celeb Hangout
Location New York,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $9300000
Net Profit / Cash Flow $1400000
Cash Flow Type EBITDA
Seller Finance No
Year Established 2009
Number of Employees 10 - 19
Inventory 600000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Offered by seller. 30 day term for transition support.
Reason for Sale Moving out of state.
Description Lux night club/lounge in SoHo section of NYC. This location boasts of 3 floors, hi-end build out and furnishings, and consistent celebrity appearances on any night of the week. The rent is below market with 4 years remaining and contains a 5 year option that extends into 2021. Recent build out provides
new ownership with a turnkey operation. Seller is moving out the the West Coast and is highly motivated.
Facilities: All internal assets are included in sale. Contracts and deals with promoters can be included as assets as well if desired. Below market rent with 4 years remaining and rental option that extends to 2021.
Competition: Great location, reasonable rental terms, and repeat celebrity guest appearances or parties hosted by models, athletes, and film starts make this an attractive listing. Recent remodeling and build out of a second major profit center means that this business is essentially turnkey.
Growth/Expansion: Continued work with radio DJ's of various genres of music to produce special nights for various types of crowds makes this place an absolute melting pot from night to night. One area is suitable for hookah service. Any amazing Happy Hours specials attract young professionals from all over the city and provide easy transitioning into the evening. MOTIVATED SELLER. PRICED TO SELL.
Support/Training: Seller will assist buyer in maintaining contacts and contracts with promoters and the other crucial business contacts that helped the club remain busy 6/7 days a week.
Reason Selling: Seller recently opened a larger club on the West Coast and is moving his base.
If interested, please contact Marlon Gray at 908-907-7777 or email.
Click Here To Contact Seller
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