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Upscale Nightclub / Lounge
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1150000
Net Profit / Cash Flow $400000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 10 - 19
Inventory 120000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Will stay on as long a necessary. May hold part...
Reason for Sale Moving on to Design and Development of Night Clubs
Description Designed by area artists, This lounge has a classic raw industrial interior crossed with lavish and contemporary amenities such as huge leather sofas (designed in house & one of a kind), flat screen and video projection throughout, sound booth with DJ station (automated plug & play system), fully programmable intelligent lighting system (millions of colors), ground shaking sound system, 2 stages for any configuration of live performance, a coat check with customer login, a fully functioning website with photo gallery sends updates every two weeks and a private collection of large (really large!) contemporary paintings made to suit this interior specifically.
The main bar stretches 65 linear feet with 3 sections of self-lit cherry liquor shelves. Three tap towers with 8 brews each pour from a glycol cooling system that minimizes waste in the lines and tailors each beer's pressure to its intended weight. Faced with architectural ledge stone and warmly under lit, the bar is the house's centerpiece with oversized cushioned mahogany and leather barstools, keeping patrons near the center of activity.
With 14 years left on the lease and the rent increase based on the consumer price index, this business has a beautiful future ahead. Coming to the end of the first year in business, the total sales gross are approximately $1,160,000. With an addition of a permanent outdoor bar in the courtyard this month I expect an increase of 25 to 30%. I also expect the business its self to increase 10 to 20% yearly, with no competition in sight. Contact for more information on this Nightclub / Lounge business for sale.
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