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Bar / Niteclub For Sale
Location: Canada -> Alberta -> Medicine Hat
Industry: Bars and Nightclubs > Nightclubs

Business Summary

12,200 sq ft niteclub/lounge/concert venue in prime location. Currently operating on a casual basis as a concert venue. The past gross yearly revenue ranged from $300,000 to $700,000
The business is for sale or lease and it needs an energetic manager. We are retired professionals from other professions and we do not have the business open very often. It is only open when we have concerts or for special occasions.
The business comes with 115 parking stalls, a reception area and patio, another city approved roughed-in patio, 30 toilets, and 2 areas that are quite sound proof. There is the main dancing and bar room and the lounge area.
The main rooms comes with top of the line Dj music system of lights, speakers and 8 Base bins, 4 wet wells and 12 item liquor dispensing system, a large stage, the biggest dance floor in town, tables, stools and drink rails with an occupancy for 500. The sound system was engineered for the space by a professional company. All pool tables are on a 60/40 pay basis and are outside owned at the moment.

The lounge has 2 wet wells with the same dispensing system and has a reception kitchen off of it with a large walk-in cooler. Tables, chairs and booths are included. There are speakers in this room that can be channeled to the main music. The occupancy of this room is 120.
You can contact me in Canada, on my cell phone at 1403 928-6478
Asking price for the equipment and business is $500,000 The price for the building itself only is $1.5 million.
Building is located on the Transcanada Hwy 1 and is easily accessible.


Asking Price Range:  $250K - $500K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $700,000
Seller Financing:  No

About The Business

Year Established:  2006
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  yes
Reason For Selling:  we are retired.


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Bar / Niteclub For Sale Photo 1 Bar / Niteclub For Sale Photo 2 Bar / Niteclub For Sale Photo 3

Print Listing Id: 700204201
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

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