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Businesses For Sale   >>   Long Beach Businesses For Sale   

High End Lounge With Entertainment

Location  Long Beach, California, United States
Asking Price Range  $250K - $500K
Gross Revenues  $750000
Net Profit / Cash Flow  $100000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2010
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Other business ventures

Description  
This ultra-chic Long Beach Lounge / Nightclub with full-kitchen, liquor, a large patio, dancing and live entertainment with plenty of parking is the ideal size venue in a remarkable location for a nightclub. The lounge, which may feel as though it belongs on the shores of a beachside resort or in a themed Las Vegas hotel, offers its loyal patrons a chef driven restaurant menu for appetizers or casual dining throughout the day and evening, but its real forte is its multi-level bar, lounge and nightclub atmosphere whose well designed space flows into an exquisite outdoor patio. Asking Price $199,000 This 1,700 square foot space, plus 1,300 square foot patio, leases for $6,500 per month on a gross lease until March 2015, with two 5 year options. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale, as well as the current operator's plans for expansion or to further enhance the venue's already ideal ambiance. This venue is truly unique in the area. It serves a higher-end market and demographic than 'local' venues, and is able to boast a much higher dollar sale per customer as a result. For the last 20's to early 40's client base, there is little direct competition in the immediate vicinity. In order for clients to have a similar entertainment experience, they would typically have to travel to Newport, Costa Mesa or Laguna Beach, or Santa Monica and Hollywood While this unique lounge is already successful 'as is', and would not be likely to receive any customer complaints for lacking in any way, new operators have the opportunity to make slight alterations to the premise (assuming city planning, the ABC, the landlord, etc. approve) to make it even more of an indoor/outdoor live entertainment and nightclub venue. The business could tremendously benefit from an active full-time operator who is active in booking promotions and can be present during evenings and weekends.


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