Seller Financing Available
*not included in asking price.
Highly Successful Nightclub
After a great 26 year run, the founder-owner-seller of this highly successful bikini nightclub is ready to retire after transitioning his business to only its second owner.
The business is located in an attractive 4,400 sf facility (included in the sale) situated in the middle of a very desirable and busy commercial and shopping district in a major Michigan urban area. The location and nature of the business is such that bouncers are not required. Also included in the sale is a 1.2 acre real estate parcel which has a newly resurfaced 83 car parking lot. The facility has been impeccably maintained from day one, and has just recently been remodeled (at a cost of $70,000) with new carpeting, furniture, sound and lighting. A discrete entrance is embraced by the business’s customers.
The seller has never worked full-time in the business, and for the past several years has been working less than one day per week. Three full-time managers (with tenure ranging from one to 17 years) capably run this six day – seven night establishment.
In addition to its three managers, the business employs a staff of two full-time and six part-time employees. A stable of 40 independent contractor female dancers and DJ’s entertain patrons from opening to closing.
Blue laws are such that in this bustling metropolis (with a population exceeding 1,000,000) there is only one competitor within 50 miles. Additionally, the area is an active destination for both conventioneers and tourists alike.
The business has a full kitchen, but the owner elects to limit service to easy snack food and of course full bar service. And why not? Rock solid annual revenues of $750,000 generate a consistent EBITDA of $400,000 for the minimally involved seller. This squeaky clean business is being offered for $1.695 million, a competitive 4.25x EBITDA. The listing price includes the real estate package (estimated value of $735,000), liquor license (estimated value of $65,000), fixed assets (estimated value of $100,000) and $800,000 for the enterprise value of this niche business which has significant barriers to entry. A six figure seller note is available for qualified buyers.
For more information on this outstanding and longtime successful business opportunity, please contact Mike Greengard (email@example.com).
- Not included in asking price
- Real Estate:
- Included in asking price
- Building Sq. Ft.:
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- 4,400 sf facility located in the middle of a very desirable and busy commercial and shopping district in a major Michigan urban area. Building sits on a 1.2 acre parcel with a newly resurfaced 83 car parking lot.
- Six figure seller note available for a qualified buyer
- Support & Training:
- up to 90 days training and transition
- Reason for Selling:
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