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Asset Sale Gentlemen's Club With Real Estate
Location: United States -> West Virginia
Industry: Bars and Nightclubs > Nightclubs




Business Summary

This Gentleman's Club is part of two clubs for sale by the same Seller. Both are in excellent locations (20 min apart) in northern West Virginia. Business has two full time managers and full staff . Can be set up for absentee ownership.
The interior and exterior have been totally remodeled and is in excellent condition. Includes: six digital cash registers, full camera system inside and out (can be viewed from cell phone) state of the art sound system and lighting, unique ''Sky Cage'' (owner states there are only 3 or 4 in America) Large bar area, fully equipped - extra clean kitchen with 6' hood (w/fire suppression), double fryer. walk in refrigerator, double freeze, newer HVAC system, back stage dressing room with separate makeup area (no lockers), Large office area w/video monitors.
Floor features, 2 large champagne rooms, 6 smaller private dance areas. 18 lounge chairs, 40 tables with 2-4 chairs, 40 stools at 2 bars, 25 stools in front of dance platforms.
Large storage container behind building for furniture/electronics, plenty of parking in front and back of building. Asset Sale
Business is being sold with Real Estate.
Owner inherited the business recently and wants to sell
Business has been in same location for over 18 years, but was was purchased and remolded two years ago. It has been closed since March first due to the pandemic. When operational the club produced a free cash flow of $90,000 monthly.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1998
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  Retiring

Photos

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Asset Sale Gentlemen's Club With Real Estate Photo 1




Print Listing Id: 700350306
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

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



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