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Night Club And Members Lounge For Sale
Location Ontario,Canada
Asking Price Range $250K - $500K
Gross Revenues $700000
Net Profit / Cash Flow $500000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2010
Number of Employees 10 - 19
Inventory 150000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Description Symbol is a semi private club located in the heart of downtown Windsor, also known as the entertainment district. More precisely it is located on the busiest intersection downtown, University and Ouellette. It is a moderately new venture, as renovations which neared the $500,000 dollar mark finished in the summer of 2010. There are four separate areas within Symbol; a 4,000 square foot state of the art nightclub located on the main floor, a piano lounge, cigar lounge and rooftop courtyard on the 2nd floor. The total renovated area is 12,000 square feet including the basement. The first year of business was a modest success, in which the membership list grew to nearly 100 members, and the dance club enjoys an average foot traffic of 1,200 customers per weekend. Seller financing is available!
The purchase of Symbol includes all corporate material, copy rights and trademarks etc, as well as all the corporations' assets. These assets include but are not limited to;
- $500,000 worth of recent lease hold improvements (completion date June 2010)
- Inventory totalling approximately $15,000 in goods
- Liquid rent and utility deposits totalling $25,000
- $75,000 in bar fixtures, furniture, sound equipment etc.
- 2006 Lincoln town car limousine, book value $30,000
- Current membership asset on renewal of $75,000
-Current sales level average of $9,000/week
-15 year negotiated lease, with under market value price/sq. ft and first right of refusal
Click Here To Contact Seller
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