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Bar / Restaurant / Nightclub / Live Music Venue
Location: United States -> Washington
Industry: Bars and Nightclubs > Bars and Pubs




Business Summary

Large club for sale is fully sprinkled and conforms to all live music provisions. Rent is $3,200 / month including NNN. Very low overhead for a space more then 6,500 sq ft. Asking $169,000 and we would consider terms with money down. The current lease expires in March 2011, however there is a 5 year option to extend. Or the new buyer could renegotiate their own lease. All kitchen / bar equipment, furniture, stage & lightening & sound equipment is included in the asking price. At this price, and with the possible terms, we are not providing financials. The value of the space and equipment is greater then the asking price.

This has been a thrilling ride, but its time for a change. Owning and managing a nightclub and venue is more then challenging with a toddler :)

We are asking for complete confidentiality, because this is a possible sell as opposed to a must sell. We would also be willing to stay on for the first couple weeks to help the transition, and to put the well established cliental in good spirits with the new buyers.

There are very few live music venues in our area because of the new sprinkler laws put into effect this past year. However we conform to all fire safety code. The building is also up to health / electrical / plumbing / building and ADA code.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $250,000
Cash Flow:   $75,000
Cash Flow Type:  EBITDA
Inventory:  $100,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2006
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  Family expanding, time for a change.




Print Listing Id: 700111209
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

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



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