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Nightclub For Sale - Downtown
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $495152
Net Profit / Cash Flow $120817
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2012
Number of Employees 10 - 19
Inventory 110000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide on-site training after purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of training and sign a no competition agreement.
Reason for Sale Absentee owner situation.
Description Opportunity to purchase premier rock nightclub in downtown Dallas. Very popular with the local clientele. Location is perfect for this type of venue with an excellent lease in place. Entertainment includes top DJ's, live music, sporting events and special theme nights. Heavy weekend late night trade. Well thought out and consistently executed advertising, promotions and special events. Business is currently operated by a very experienced general manager who understands this type of business and will pass that knowledge and experience on to a buyer. Facility includes a 50 foot main bar and a DMX lighted dance floor that includes an LED light show throughout the club highlighted by multiple 70 inch Aqua TV's featuring HD streaming video, live dance feeds, Twitter and video. Live entertainment stages, a state of the art DJ booth and an unbelievable sound system all add great visual effects. A VIP room includes comfortable private couches and tables, a private bathroom and a VIP bar created specifically for delivering the best customer service possible for the high end customers. The usual parking problem not an issue here as the seller owns the city parking permit and hires a third party parking valet who pays the owner a set fee to handle that part of the business.
Very motivated situation. Priced to sell quickly. The owner is in the real estate development business and started the business as an investment with the idea of selling the operation after the initial startup period. It is now built up to the point of being able to provide a significant return to an owner/operator that understands the art of promoting this type of business. Sales continue to climb every month. Seller will look at all reasonable offers and will offer financing to the right party with sufficient credit and cash injection.
Price is $325,000. Contact Stocker Travis for details 972-783-1662.
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