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Business for Sale Summary

Well Known Lounge Nightclub - 24302

Business Type: retailing businesses,entertainment,other eating & drinking places,restaurant/ cafes,special situations,best deals!,new to market,seller financing available,bar/tavern/night clubs
Owner Financing
Well Known Lounge Nightclub
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This business has received 172 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $525,000 Down Payment $315,000
Gross Revenues $714,646 Lease Remaining Register Free to View
Owner’s Cash Flow $250,822 Number of FT Employees Register Free to View

Financing

$315,000 Down and 210K over 2 yrs. @ 6%

Business Description

Well Known Lounge Nightclub just minutes from Manhattan near Long Island City. This is the real deal. They are open only 2 night per week, Friday and Saturday 10pm - 4am. They cater to locals as well as celebrity clients and entertainers. The location offers eclectic design, high end audio, dj booth, fully stocked bar or table service and VIP area. They also have a full, operating kitchen in the basement, but it is never used. It is in the heart of a densely packed neighborhood and walking distance from the train and bus. In the past year the business grossed a conservative $480,000.00 with a conservative net income of approx. $250,000.00. We are looking for a serious and financially qualified operator with at least $315k in liquid funds and industry experience. If you meet the criteria, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.