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Asking Price:	$2,900,000 Negotiable USD USA Dollars
Business for Sale Industry:	Food & Beverage: Bars, Clubs, Nightspots
Reason for Selling:	Owner is ill and needs to retire.
Year Established:	1950
# of Employees:	Vacant

Business for Sale Overview:

Land with building For Sale, Lease Or Option To Buy. Next to Miami-Dade college (6,000 students) and new City Hall Government Center now under construction as seen in Miami Herald, "Business Today" Magazine section. This Vacant 17,000 square feet, 2 story building is zoned Downtown Mixed Use, Office, Retail, Restaurant,Medical(440 electrical), nightclub (The owner intended a nightclub and will convey the former New York Nightclub name "STUDIO 54") the owner might also help with improvements toward whatever the final use of the buildingmight be. The City Hall neighbor is scheduled to begin final construction October 2008, and intends to hold planned outdoor arts and activities to draw consumers to the area.

Property Features and Assets:

The 1.6 acres is conveniently located minutes from the Florida State Turnpike exit #2 (Approx.SW 312st). Minutes from the new State of the Art, Baptist Hospital. It is blocks from the historic Seminole Theater now being expanded and renovated to act as a second stop of Miami arts and shows. The nearby internationally famous Nascar Racetrack and the Major Brands Outlet complex is also drawing crowds to this area.

Market Competition and Expansion:

The owner became ill and must retire but was planning on a nightclub and has obtained the use of the name of the once famous "Studio 54 Nightclub" of New York. He intended a major club with live music and dancing and catering to an American and Hispanic population with music and food for both. He has access to a liquor license. There is no major nightclub between Miami and Key West. This area is also known as the "Gateway To Key West". He was unable to move forward with those plans but might help with some renovations for the new owner. The building has heavy industrial type wiring, a new 2007 roof and can be used for many purposes other than the above, such as medical.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.