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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VR Business Brokers