Iconic Palm Beach Nightclub–27 Years In A Premier
Not Disclosed, FL Palm Beach County
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- RE: Iconic Palm Beach Nightclub–27 Years In A Premier
- Contact: Jessica Colvin
Quick Facts
| Asking Price: | $1,500,000 | |
| Annual Revenue: | $3,331,715 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $977,002 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $250,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 981656 | |
| Broker Reference #: | 6401564294 |
Business Overview:
This 10,000 sq. ft. nightclub offers an unparalleled opportunity for nightlife operators in the industry, with a vibrant and profitable legacy spanning over 25 years. Situated in the heart of Palm Beach County's bustling nightlife scene, the venue features state-of-the-art sound and lighting systems, three stylish bar areas, a spacious dance floor, VIP sections, and a mezzanine, creating an electrifying atmosphere for guests. Boasting a loyal customer base and a proven track record of success, the club is positioned in a high-traffic, sought-after location. Industry experience is strongly encouraged. While the 4COP liquor license is not included in the sale, the current absentee owner is willing to seller finance it to the buyer, ensuring a seamless transition into this turnkey business.
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Property Features and Assets:
Leased - Strip Mall
Monthly Rent: $42,633.33
Lease Expiration Date: March 30, 2029
Terms Options: 4/1/2024 - 3/31/2025. Rate PSF -$50. Minimum Rent- $42633.33, 4/1/2025 - 3/31/2026. Rate PSF-$52.50. Minimum Rent-$44765.00, 4/1/2026-3/31/2027. Rate PSF- $55.13. Minimum Rent- $47,003.25 , 4/1/2027-3/31/2028. Rate PSF- $57.88. Minimum Rent- $49,353.41 , 4/1/2028-3/31/2029. Rate PSF- $60.78 . Minimum Rent- $51,821.08
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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