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Fully Licensed Night Club For Sale
Location: Cyprus
Industry: Bars and Nightclubs > Other Bars and Nightclubs

Business Summary

A once in a lifetime opportunity to own a fully licensed successful profitable night club in downtown Limassol!
A cosy smaller than usual night spot that works mostly with selective clientele and can still accommodate around 200 people with a large bar area, high tables and stools and high spending VIP sections.
Now on sale is the Goodwill of the Business, all the contents and fixtures, including full air condition and a powerful air ventilation system, the current and future potential for the business and the best location that any downtown club would wish to be.
Any new club would cost much more than the asking price to set up and the club on sale was fully renovated just 6 months ago so no money needs to be spent plus that it has a steady and full clientele, a well-known name and a low rent currently at just €1600.00 monthly.
Everything was done to perfection with the best robotic system and special effects lighting, the best sound system and most importantly the best sound insulation, strictly based on the recent sound limits legislation and legal obligation by all clubs and other music spots.
The Club has all the applicable licences, has been trouble free and `clean` with no negative history of any kind and also offers the opportunity to operate as an exclusive VIP club - if so desired by the new owners.
Full kitchen facilities, toilets for gents & ladies & for staff and storage room plus offices are also available.
The Business is highly profitable but the current owners wish to sell as other overseas business activities forbid them to allocate the time needed to the club business.
The asking price for the Club includes the goodwill of the business with all fixtures and fittings and all equipment and furniture!


Asking Price Range:  < $250K
Gross Revenues:   $200,000
Cash Flow:   $50,000
Cash Flow Type:  EBITDA
Inventory:  $200,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2011
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  yes if requested
Reason For Selling:  non-core business

Print Listing Id: 700261389
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

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