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  • RE:  Restaurant & Nightlife Venue W/New Price #867
  • Contact:  Ben Strake

Quick Facts

Asking Price: $399,000
Annual Revenue: $1,074,453
Net Profit: Not Disclosed
Cash Flow: $173,683
Total Debt: Not Disclosed
FF&E: $73,250
Real Estate: Not Disclosed
Year Established: 2010
Employees: 14
BBN Listing #: 948433
Broker Reference #: 867

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Business Overview:

Price Reduced! This well-established business is a vibrant restaurant, bar, and nightlife venue known for its electric atmosphere and diverse events calendar. Hosting a variety of local entertainers, the venue attracts a wide range of clientele, making it a staple in its local entertainment district.
The business has been uniquely resilient through the pandemic and posted impressive financial growth, with a 71% increase in revenue in 2022 and another 12% rise in 2023.
Prospective buyers should note that while there are no outstanding debts or liabilities, securing a liquor license will be necessary. The current owner, seeking to step back for personal reasons, is committed to facilitating a smooth transition for the new owner by offering a month of consultation and ongoing support as needed.
*January-July 2024 P&L's Gross Rev $608,212 / Adjusted Earnings $82,828.

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Property Features and Assets:

Building Owned 5,000 square feet

Reason for Selling:

Exploring other endeavors

Additional Details:

  • The property is owned.
  • 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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