Night Club / Bar / Restaurant
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $960000
Net Profit / Cash Flow $600000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2004
Number of Employees 1 - 3
Inventory 45000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 10 hours per week following close of escrow.
Reason for Sale Other ventures.
Description Night Club with Full Liquor, Entertainment License with dancing and live music until 2a.m., Tobacco License, Full Kitchen, Covered Patio with heaters, VIP area. This bar/restaurant operated only as a night club. Includes two full bars, dance floor, stage, 4 restrooms, DJ Booth, 16 camera security system, sound and lighting systems, satellite with two 1133 projector TV screens, ATM Machines. Capacity is 300+. Currently uses an outside booking agent/promoter. Big opportunity to increase revenue by bringing bookings in-house, adding dinner service and being open weekdays/weeknights. Seller will carry up to 20% for the right buyer. Email or contact Cynthia Luther, Wise Business Advisors, at (818) 933-5222 for more information on this Night Club / Bar / Restaurant for sale.
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