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Nightclub / College Bar For Sale
Location: United States -> Illinois
Industry: Bars and Nightclubs > Nightclubs




Business Summary

Hottest Bar/Nightclub in a college town. This club for sale is filled with a capacity crowd 4 nights a week. Been in business for over 20 years. Remodeled within the last year. The Property is also for sale for $500,000.

This is 5,500 sq ft on the main strip in a college town. Owner has not been on premises for 2 years and profits are still growing. Current management willing to stay on or an onsite owner could make the business even more profitable.

The price of the business is $260,000. That is less than 2 years net. The current lease is favorable, and the property owner is willing to negotiate a new lease as well as negotiate favorable terms to purchase business and property together.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $651,864
Cash Flow:   $136,812
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $120,000
Seller Financing:  No

About The Business

Year Established:  1986
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 weeks 20 hours / week.
Reason For Selling:  Other interests.




Print Listing Id: 700108424
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



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