Profitable University Bar/Nightclub. Priced To Sell. Listed By Owner!

Chapel Hill, NC (Orange County)

Seller Financing Available
Profitable University Bar/Nightclub. Priced To Sell. Listed By Owner!
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Asking Price: $95,000

Cash Flow: N/A

Gross Revenue: $500,000

EBITDA: N/A

FF&E: $70,000

Inventory: $5,000

Rent: $1 /Month

Established: 2015

Profitable University Bar/Nightclub. Priced To Sell. Listed By Owner!

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Business Description

Very High Profit. Very Popular Venue

This bar is located in the heart of town, only one block from the main street. One of the largest venues in town and the only venue with two floors, three bars, and a large covered outdoor patio with seating. Being only one block from campus, we have solid partnerships with majority of the surrounding fraternity's and sorority's for hosting most of their special events. We are well-known around town for having a great time, particularly for college students, being that we are practically a minutes walk away. This is a fully-loaded bar/entertainment venue, meaning everything in it is included (read facilities & assets). Since ownership, we have networked with several promoters and other universities outside of town, so it is very rare when we have a normal night without an event already booked. If interested, please contact us for more information and pictures.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
N/A
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two floors of entertainment, divided space with a pool table, three full bars, two DJ booths, professional light systems on each floor, a full 2000sqft weatherproof patio with seating, TV projectors, over 5 large screen TVs, POS systems, Keg boxes, ice machines, walk-in coolers, fully equipped kitchen, liquor storages, private office, and if thats not enough, a fully working mechanical bull!
Competition:
Competition is very limited due to the type of clientele and atmosphere we provide.
Growth & Expansion:
We currently do business only three days a week except for certain private events. If you know what your doing, even if you have little ownership experience, it's a huge "pro" for you to have 100% potential making twice as much being open 5-7 days a week.
Financing:
Willing to owner finance with 50% down.
Support & Training:
Support and training can be provided for a smooth transition.
Reason for Selling:
Family Emergency
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Contact the Seller

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Business Listed By:
Olivia Jackson

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