Asset Sale Gentlemen's Club With Real Estate
www.GlobalBX.com
Listing ID:
700350306
Listing Title:
Asset Sale Gentlemen's Club With Real Estate
Quick Link:
http://www.globalbx.com/listing.asp?bId=350306
Industry:
Bars and Nightclubs
Industry Segment:
Nightclubs
Country:
United States
State / Province:
West Virginia
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:
1998
Number of Employees:
35 - 49
Business Description:
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.
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