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Night Club Holds 1379 - Lot Of Upside
Location: United States -> California -> Northern California - Bay Area -> East Bay
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Night Club Holds Over 1,300 People - Lots Of Upside Price Reduction

RRC#: 1841
Asking Price: $275,000
Location: Downtown, East Bay, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: $840,000
Monthly Rent: $12,000 all inclusive -se

LISTING DESCRIPTION:
This is one of the larger night clubs in the bay area and is in a historical building which has a lot of charm. There are wood floors throughout, tall ceilings, a main bar and 3 portable bars, a large elevated stage and dramatic DJ booth. There are a combination of tables and chairs, bar height tables and bar stools, banquette seats, ADA restrooms and an elevator. Some of the equipment includes as follows: extensive audio system, lighting system, 2 hand sinks, 2 ice machines, 6 employee lockers, 2 - 3 compartment sinks, 7 ice bins, 2 door under counter refrigerator, 2 glass door under counter refrigerator, portable ice bin, 6' beer box and 3 door under counter refrigerator, etc. The club only operates Wed without alcohol, some Fridays and every Saturday night so there is lots of upside for additional days and hours of business. The club can be set up to service minors in a separate section of the club which can be totally separated from the main club. The total rent is $20,000 all inclusive but there is a long term subtenant that pays $8,000 month so the net rent to the operator is $12,000 per month.

GENERAL INFORMATION:
Organization: LLC | Seating: 1379 capacity | Square Footage: 10,000+ | Parking: street and parking lots | Licenses Required: Business, ABC Type 48 (hard liquor) | Days Open/Hours: Wed, Some Frdays & Every Sat evenings only | Reason For Sale: Other intrests |

FINANCIAL INFORMATION:
Yearly Cash Flow: $840,000 |

LEASE INFORMATION:
Monthly Rent: $12,000 all inclusive -se | Lease Expiration: 3/31/2022 | Yearly Adjustment: 3% | Lease Option: two 5 year options |

FINANCING INFORMATION:


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   Seller Will Provide
Cash Flow:   $840,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2001
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased




Print Listing Id: 700200281
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

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



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