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| You have accessed this listing information from the VR National database through: | This business is listed and represented by: |
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VR Business Brokers - Milwaukee West, WI Terrace Suite N27 W23960 Paul Road Pewaukee, WI 53072 (262) 347-2083 www.vrbizlakes.com timb@vrbizlakes.com |
VR Business Brokers - Milwaukee West, WI Terrace Suite N27 W23960 Paul Road Pewaukee, WI 53072 (262) 347-2083 www.vrbizlakes.com timb@vrbizlakes.com |
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Business Listing Details |
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LISTING#: |
A0220: Cocktail Lounges/Taverns/Bars Profitable Milwaukee Nightclub w/Real Estate |
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LOCATION: Milwaukee |
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ASKING PRICE $550,000 |
AMOUNT DOWN $550,000 |
REVENUES: $320,000 |
DISCRETIONARY EARNINGS $106,000 |
TOTAL ASSETS $594,000 |
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| This is a club that hosts DJ's and live entertainment. They are operating just 26 hours a week right now and draw a healthy crowd. They have just installed a POS system that has increased the efficiency of the bartenders and the only reason this club is for sale is because the owners are now divorced and just want to sell their property/business so that they can move on with their lives. They had this listed at $700,000+ in the past and are now asking just $550,000. The real estate is valued at $500,000 and their Furniture, Fixtures, & Equipment are valued at $92,000. Gross sales have been between $250,000 and $300,000 for the last 5 years. This is a turn-key operation and will instantly prove to be a cash cow to the buyer. This is a great opportunity for a hands-on owner to make a good living while having the business make their mortgage payments towards the real estate. On another note, this could be a great purchase for an investor as well. There is a 3-bedroom apartment above the club that would allow for an on-site caretaker and an investor could make their payments to cover the mortage, have enough to pay a manager, and still have money leftover for themselves. All reasonable offers will be considered, this WILL turn out to be a great investment for anyone who has wanted to run a bar or club. Experience would be a plus, but not necessary. |
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| Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies. |