Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

Wheel Fun Rentals Franchise Opportunity

My Favorite Muffin Franchise Opportunity

Wings Etc. Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

Ultra Profitable Gentlemen's Club / Restaurant
Location: United States
Industry: Bars and Nightclubs > Nightclubs




Business Summary

SEEKING SILENT AND/OR WORKING PARTNER
I am buying three gentlemen's club and seeking one silent and/or working partner to join me in the purchase of each club. You must have one-million dollars to join any of the three ongoing operations as a silent and/or working partner.

I can pay a base salary of $250,000 per year if you wish to be a working partner, with a percentage of the net profits to be negotiated. If you only wish to be a silent partner assisting me with putting together the upfront payment required to take over any or all of the clubs, similarly, a percentage of the net profits can be negotiated. The 3 clubs currently net approximately $5.5+ million per year collectively, so there is plenty of room for another partner looking for a great deal.

The clubs are well established, and operate essentially recession-proof over a long period of time with consistently strong net revenues (with financials to back this up).

The current owner is retiring after 20 years in the industry and is giving one of his former top execs (me) the chance to take over the clubs. I will arrange for any additional capital to be put in and/or financing.

IF YOU KNOW THIS INDUSTRY THE NET TO GROSS RATIO IS HIGHER THAN MOST INDUSTRIES, APPROACHING 73% PROFITS.

FULL FINANCIALS AND TAX RETURNS AVAILABLE AFTER INTIAL IN-PERSON DISCUSSIONS AND THEN SIGNING A FORMAL NON-DISCLOSURE AND NON-COMPETE AGREEMENT.

IF INTERESTED SEND:
- Your full name, email and Phone Number
- State where you reside and confirmation that you read the ad and understand that no partner will be accepted without $1 million to join the enterprise. We have senior managers at each facility and I only need a silent partner and/or on-site owner / operator to assist me with acquiring the clubs.
PLEASE UNDERSTAND WE CAN ONLY REPLY TO SERIOUS INQUIRIES THAT INCLUDE ALL FIVE PIECES OF INFORMATION REQUESTED ABOVE.
KEY WORDS: strip club, gentleman's club, gentlemen's club, nightclub, night club, club, resta


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $7,900,000
Cash Flow:   $5,500,000
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  1990
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned

About The Sale

Reason For Selling:  Former owner is retiring and selling to top exec who is seeking silent and/or working partner with $1 million




Print Listing Id: 700273310
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!


Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales

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



CAN'T FIND A BUSINESS?
Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 700273310
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.