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Business for Sale Overview:

Established Comedy Club With Bar And Cafe With $357,000 Profit. Location: In Popular City, Northern California, California. Offered At: $619,000. Listing Description: Over The Past 28 Years, This Club Has Been Home To The Best In The Stand-Up Comedy Business. The Club Has Established Itself As One Of The Premier Comedy Venues In The Country. As The Twelfth Longest Running Comedy Club In The Nation, This Club Has Been Instrumental In Helping To Build The Careers Of Many Comedic Legends. The Club's "Walls Of Shame" Are Covered With Headshots Including Jerry Seinfeld, Jay Leno, Dana Carvey, Yakov Smirnoff, George Wallace, Harry Anderson, Bob Saget, Dennis Miller, And Paul Reiser, All Of Whom Cut Their Teeth On This Club's Stage. With A Dedication To The Art Of Stand-Up Comedy, The Stage Is Still Home To Many Famous And Soon-To-Be Famous Comedians. Kevin Pollak, Michael Winslow, Shawn Wayans, Alonzo Bodden, Jack Gallagher, And So Many Others Still Consider This Club To Be Their Comedy Home In This Area. With A Full Bar, Great Food, Side-Splitting Entertainment, And Upscale Ambiance, This Club Is The Complete Package. Shows Run Thursday Through Sunday Nights, With Two Shows On Friday And Saturday. The Club Also Hosts A Local Comedy Showcase The First Wednesday Of Each Month. Some Of The Design Highlights Of The Club Include 18' High Ceilings And Brick Walls And The Club Redid The Furniture And Equipment Two Years Ago. There Is A Large Showroom Which Seats 210 With A Large Stage And A Large Bar That Seats 110 And There Is A Prep Kitchen. Some Of The Equipment Includes: Digital Overhead Projector, 4 Plasma TV's, Micros Point Of Sale System With 5 Monitors And 8 Printers.

Property Features and Assets:

General Information: Organization: Lic; Year Established: 1980; Current Owner: Contact For Info; # Of Employees: Contact For Info; Seating: 230 In Showroom And 110 In Bar Area; Square Foot/Size: 6,300; Parking: Garage And Street; License Required: Business, ABC Type 47 (Hard Liquor), Entertainment; Days Open/Hours: 5 / Wed-Sun: Wed, Thu 7pm-11am-, Fri 4pm-1am, Sat Noon-1pm, Sun Noon-11pm. Reason For Sale: Other Interests. Financial Information: Revenue: $74,800 per Month; Cash Flow: $29,750 per Month; Current Inventory: Contact For Info; Payroll: Contact For Info. Lease Information: Lease Rent: $6,765 per Month; Lease Expiration: 2016; Yearly Adjustment: Not Available; Lease Option: 5 Years; Security Deposit: Not Available. Financing Information: Down Payment: $419,000; All Cash: Contact For Info; Note Balance: Contact For Info; Rate/Term Of Note: Contact For Info; Gross Revenue: $897,600; Cash Flow: $357,000. Year Established: 1980. Reason For Selling: Other Interests.

Additional Details:

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