Licensed Boutique Club & Bar For Sale
www.GlobalBX.com
Listing ID:
700227675
Listing Title:
Licensed Boutique Club & Bar For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=227675
Industry:
Bars and Nightclubs
Industry Segment:
Nightclubs
Country:
Cyprus
State / Province:
Area
City:
Asking Price Range:
$2.5M - $5.0M
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type:
EBITDA
Year Established:
2003
Number of Employees:
20 - 34
Business Description:
A fully licensed, boutique, quality night club and bar business, operating both in winter and summer. Located at the heart of a busy down-town nightlife and very close to the beach. It is a modern freehold building, in an approximate total covered area of 515 square meters of GLA for the indoor winter club area, and 400 square metres of outdoor open commercial area for the outdoor summer club, in a big plot of land of 986 square metres.
The business and the asset enjoy a number of advantages. Excellent music entertainment systems, CCTV, modern lighting systems, TVs and projectors, sound insulation, flexibility, excellent organization of events, strong marketing and reputation, presence in social media, very good customer base, it is considered to be a high quality entertainment venue.
The business can also accommodate a wide range of quality private social and corporate events and functions, in a modern setting and design both indoors and outdoors, with the use of its high technology equipment and facilities. More than 700 guests can be entertained indoors, and an approximate number of 800 guests can be easily hosted outdoors. The total number of yearly visitors is estimated at 80,000 to 90,000.
Both the property and the business are owned and managed by separate entities, owned by a respected person in the industry. The existing business and the property are for sale due to owners fatigue and other ongoing business commitments. It includes the transfer of the property title deeds, or, the sale of the company holding the asset, and also the business with its goodwill and the inventory, furniture and fittings, equipment, fixtures, etc. The asset is very well maintained. The business is a very successful going concern with increasing revenues every year. Valuations for the property and the business are available. With the increasing tourism in the area, the business has a very good potential if managed and utilized properly.
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