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Business for Sale Summary

Nightclub/Lounge - 5,000 SF w/ Full Kitchen - 30765

Business Type: other eating & drinking places,other food stores,restaurant/ cafes,best deals!,must sell/drastic price reduction!,new to market,seller financing available,bar/tavern/night clubs
Nightclub/Lounge - 5,000 SF w/ Full Kitchen
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Financial Information (non-confidential)

General Information
Asking Price $850,000 Down Payment $500,000
Gross Revenues $2,860,000 Lease Remaining Register Free to View
Owner’s Cash Flow $572,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and $350K over 16 mths. @ 0%.

Business Description

Nightclub/lounge for sale *PRICE REDUCED* This spot is 5,000 sq. ft., with full kitchen. This is the real deal. Currently, this location is only open three nights per week- Thursday, Friday and Saturday, 10pm - 4am. They have a full liquor license and cabaret license (cannot be converted to a gentleman's club). This place caters to patrons from throughout the boroughs and LI, as well as celebrity clients and entertainers. The location offers high-end design, high-end audio, DJ booth, fully-stocked bar/table services and VIP area (11 booths with four-bottle minimum. Each bottle costs at least $200- do the quick math). They also have a fully operating kitchen with hood system. One of the cleanest kitchens you will see. It is located in an ideal area, right off a major roadway, and surrounded by dead-end streets for their valet parking service. The business averages gross sales of approx. $55,000/week from just three days. On all other nights, they host private events, but that has only been marketed on a very limited basis. Average weekly cash flow is approx. $11,000 ($572,000/annually). The business is fully-staffed with two bartenders, three bottle girls, three hookah girls, two barbacks and a chef. On Thursday, Friday and Saturday, there are 12-20 security staff workers on premises. We are seeking a serious and financially qualified buyer with at least $534,400 in liquid funds to cover the downpayment and $34,400 in rent security. Proof of funds must be provided to obtain address. To learn more, please call Mel Vaz today at 1-877-735-5224. All site visits must be discreet. Please do not mention the sale when visiting the location.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg

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.