Seller Financing Available

Asking Price:

$295,000

Gross Income:

$1,000,000

Cash Flow:

$180,000

FF&E:

$75,000.00 *

Inventory:

$8,000.00 **

Real Estate:

N/A

Year Established:

1994

Employees:

17

Business Type:

Bars/Taverns

** not included in the asking price

* included in the asking price

Business Description

This is a very sucsessful Nite Club operation around for 18 years in a great location with close by safe parking. Sales are about $1 million with a bottom line approaching $200k. The Lease is exellent at less than 6% of Sales.

Detailed Information

Facilities:

3800 sqft Niteclub with 89 seats and a capacity of 150 people in exellent shape. A cafe/ License 5 year Lease. Rent $4871/mo Parking good in nesrby lot and Street 4 Night operation, 16 hours per week.

Competition:

This is the most successful nite club in the area at the present time.Due to it prime location and the best promoters, DJ'Ss and Bands in the area.

Growth/Expansion:

A new owner would not have to do anything initially snice the club is very profitable already.

Financing:

Possible owner Financing

Support/Training:

Owner will remain for training and consulting for 30 days, 15 days on premises and 15 days via telephone, all at owners expense.

Reason Selling:

Family reasons