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662854-BK_Profitable Gentleman's Club in North East USA

Allegheny County, PA

662854-BK_Profitable Gentleman's Club in North East USA
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Asking Price: $3,000,000

Cash Flow: $150,000

Gross Revenue: $450,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

662854-BK_Profitable Gentleman's Club in North East USA

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Business Description

This exciting venue was opened 5 years ago in a major metropolitan city on the East Coast close to an airport and sports stadium, This club has two vans and one suburban wrapped with advertising for guest transportation to and from hotels/airports. It has a grandfathered license agreement with city and 5,000 sq ft, including 20 private entertainment rooms of various sizes. This club is only open three days a week and is primed for growth with expansion for 7 days a week and additional advertising. Owner will prove income of $150,000 EBITA Owner is retiring.

Detailed Information

Location:
Allegheny County, PA
Facilities:
This entertainment venue was opened 5 years ago by a local land developer and only does business 3 days a week due to owners limited time availability. The business has no legal encumbrances. Sales $450,000 .Real Estate, $700,000 (5,000 sq feet), Lease Holder Improvements $300,000, FFE, $100,000, Liquor License, $120,000, Adult Cabaret License, $1,000,000, Monthly Expense, $33,000,
Competition:
There are only 5 Cabaret License Available in this area. This is the only one authorized on the south side of this city. Opening the club 7 days a week and increasing social media could exponentially increase income. Currently, the club has a small kitchen area that is not used. Adding food would increase sales.
Growth & Expansion:
There are four competitors but only 2 in the downtown area. This club has the lowest drink prices in comparison to the other clubs in the area and if it were open 7 days a week the profit would increase substantially.
Reason for Selling:
retiring
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Bill Kelly

Business Listed By:
Bill Kelly

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

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