Top Performing Hip Hop Club

Virginia Beach, VA (Virginia Beach City County)

Seller Financing Available
Top Performing Hip Hop Club
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Asking Price: $249,900

Cash Flow: $62,000

Gross Revenue: $450,000

EBITDA: N/A

FF&E: $102,000

Inventory: $7,500

Rent: $7,300 /Month

Established: 2003

Top Performing Hip Hop Club

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Business Description

For the past 15 year and more this club has rocked, every Thursday thru Sunday. Customers line up to get in. The location is outstanding with no competition anywhere around the place. It’s the only club like this for miles, located in an upper middle income area. The location is just minutes from the ocean front. This is the total package. Club and bar business is booming.Thursday-Sunday is standing room only, with the nightly specials that draw crowds in for the fun, good times and great food and drinks.
Location is raking in the cash. Owners have operated location for nearly fifteen years and are tired of the club and restaurant business. They are ready to cash out and turn the bar over to the next success minded owner, it's your turn.
Are you ready for the club ownership lifestyle, late nights filled with lots of cash counting, yes it's a tough job but someone has to do it! For more information about this fantastic opportunity please contact Fouad Mohit 1-757-237-2301 or fouad@sunbeltnetwork.com

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
12/31/2020
Employees:
2 full time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3500 square feet of well laid out with DJ booths and dance floor,2 bars and plenty of VIP's section.
Competition:
The format, location, longevity, and accessibility makes it very difficult for the competition to compete.
Growth & Expansion:
The seller has operated this business for the past 15 years, he has created a fantastic business but, he is burned out. It is time for a new person to take charge and expand the hours of the opration and implement new ideas.
Support & Training:
Seller will help train and transition the buyer at no cost to the buyer.
Reason for Selling:
Retirement
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Fouad Mohit

Business Listed By:
Fouad Mohit

Sunbelt Business Brokers of Hampton Road

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Sponsoring Broker:
SUNBELT HRVA

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