Retail - Bars/Taverns | Services - Amusement & Recreation

Asking Price	$725,000	Inventory
Gross Income	$278,632	Real Estate
Cash Flow	$97,275	Year Established	2003
FF&E	$63,883*	Employees	6

* included in the asking price

** not included in the asking price

Located 2 miles south of Downtown Milwaukee in Southeastern Wisconsin. This established night club was bought 5 years ago by the present owners and revamped with new lighting, flooring, sound system, televisions, and updates to the bar itself. With over 10,000 square feet the building capacity is extensive. Entertainment is available on two levels. The main floor space is occupied by a large center bar, dance floor, stage, secondary bar and pool table along with tables and chairs for viewing the action and his and hers restrooms. Downstairs can be opened up for weeknights or a softer setting with another full bar, his and hers restrooms, 2 more pool tables, dart machine and tables. The atmosphere is lower key and the space is set up with banquet tables folding into the walls which could be a revenue source for a new owner. The upper level of the building is a 3 bedroom one bath apartment currently occupied by one of the owners. Along with the nightclub, the present owners purchased the parking lot just behind the building with space for 40+ cars. That rarity in Milwaukee County for a night club adds extra value and keeps neighbors very happy due to off street parking and manages noise levels. The club itself has become a hot spot for twenty-something urban professionals to hear highly promoted DJ s and attend radio and guerilla marketing backed parties. Promoters keep the door fees and the club reaps the benefits. They have an excellent security staff and have had little to no problems with the clientele they serve by maintaining a dress code and enforcing it nightly. The state of the art sound systems and DJ board keep the patrons dancing until the 2 am close and revenues have been steady for the past 3 years from 260,000 to $300,000 per year. The owner is not representing any cash taken from the nightclub and the business shows a profit year over year, due to onsite ownersh

Facilities: 10,838 square foot building, plus finished lower level bar and banquet room. acre parking lot with 2 car garage approximate value of $500,000. All bar related equipment, glassware, stools, tables, chairs, soda lines, ice wells, related machinery. Approximately $7000 in inventory. $72,418 at book value for furniture, fixtures and equipment including all new lighting and sound systems, flat screen TV's, etc.

Competition: The club promotes itself on the internet heavily relying on the website, myspace.com and word of mouth. Most patrons come to the club for the first time through a guerilla marketing or radio promotion that is paid for by a club promoter.

Reason Selling: Divorce