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Newly Renovated Bar / Ultra Lounge
Location: United States -> Florida -> Fort Lauderdale
Industry: Bars and Nightclubs > Other Bars and Nightclubs

Business Summary

Partner dispute forces sale on this completely renovated 2500 square foot chic South Beach Style lounge. Price includes kitchen, office, complete inventory, sound and lighting in a turnkey operation. All social media marketing plans are also in place. Customers and sales are growing on a daily basis. Lounge is located on a major thoroughfare (with over 45,000 cars passing daily) leading to Fort Lauderdale Beach. Bar is located in an upper middle class neighborhood with many homes valued in excess of ½ million dollars. There are also hundreds of apartment complexes within a two mile radius. 13 years left on the lease, with the current rent of $ 2811.39 per month. There has been over $ 250,000.00 spent in equipment and renovations in the past year. Renovations include new electric, new plumbing, new air conditioners (3), new 150 gallon grease trap to name a few. This is a once in a lifetime deal and a must see for all investors. Sale price is $ 265,000.00 cash price (Liquor License is Not included). $ 385,000.00 with 4 COP liquor license included. You can purchase a beer and wine license for only $ 500.00 per year. Call Scott Pendleton any time at 754-245-4395.


Asking Price Range:  $250K - $500K
Gross Revenues:   $250,000
Cash Flow:   $250,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $250,000
Seller Financing:  Yes

About The Business

Year Established:  2012
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  yes - 2 months
Reason For Selling:  Partner dispute


View Larger Photo(s) Of Business
Newly Renovated Bar / Ultra Lounge Photo 1 Newly Renovated Bar / Ultra Lounge Photo 2 Newly Renovated Bar / Ultra Lounge Photo 3

Print Listing Id: 700207693
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

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