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The Only Night Venue In Venice, Italy
Location: Italy -> Venice
Industry: Bars and Nightclubs > Nightclubs




Business Summary

I am seeking serious investors who are interested in a serious new opportunity in the bar / night club sector in Venice.

I am a contracted representive of this client which currently operates an attractive disco / lounge / bar venue in the tourist historic center of Venice in Italy.

As From the beginning of 2007, this venue will be the only one of its kind as its two main competitors have sold to hotel companies.

This venue has been open since 1963 and has been frequented by the likes of Grace Jones, Mick Jagger and other celebrities. It's the favourite place for pretty young things on a Saturday night and a popular late night lounge bar for tourists.

The propritors to which I represent are coming up to retirement age and it is important to them that this location carries on the great service of its past. There is already a management team in place so this opportunity would not necessary require any potential investor relocating or managing the business themselve(s).

Potential investors should be aware that investment less than 800,000 € 1 Mill USD will not be considered. Please email or contact Andy Pitt at +39 348 266 1726 for more information or a chat.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $12,600,000
Cash Flow:   $144,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1963
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Offered.
Reason For Selling:  Retirement.




Print Listing Id: 70041960
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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