Night Club / Bar For Sale
Location:
United States
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California
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Northern California - Bay Area
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San Francisco
Industry: Bars and Nightclubs > Nightclubs
Business Summary
This Popular Night Club & Bar Is Located In San Francisco's Trendy Night Club District. The Business Has A Place Of Entertainment Permit And An Extended-Hours Premises Permit Allowing It To Stay Open Until 4:00 A.M. Daily. The Club Has A Very Particular And Loyal Client Base. The Space Is Approximately 3,000 Sq. Ft. With Monthly Rent Of 3,800 Including Triple Net Charges water And Garbage (Tenant Only Pays Pg&e). Rent Increases Are 2% Minimum Or Cpi Not To Exceed 5%. The Lease Expires 2010 With A 5 Year Option. Gross Annual Sales Are Approximately $400,000 With An Adjusted Net Of $130,000 A Year. There Are A Total Of 6 Part Time Employees. All The Fixtures And Equipment Are Owned With The Exception Of A Few Bar Equipment Items That Are Rented At $325 A Month. The Sound System, Atm, Light Fixtures And All Visible Equipment And/Or Fixtures Will Be Included In The Sale. Any Additional Information Regarding This Business Shall Be Provided To Qualified Buyers Only. Please Be Prepared To Meet Me In Person And Provide Proof Of Available Funds For The Purchase Of The Business. Asking $395, 000. Contact for more information on this Night Club / Bar for sale.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$400,000
Cash Flow:
$130,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 2000
Number of Employees: 1 - 3
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Not Applicable
Click on the "I'm Interested" button above for more information on this Bars and Nightclubs > Nightclubs business for sale.
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Print Listing Id: 70062475
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