Business for Sale Overview:
This is a popular nightclub in Milwaukee that has proven to the owners to be profitable over the last few years. The owners have enjoyed this club and the revenue it generates but are now selling solely due to a recent divorce. They had this listed at $700,000 plus in the past and are now asking just $550,000. The real estate is valued at $500,000 and their Furniture, Fixtures, & Equipment are valued at $92,000.
This is a great opportunity for a hands-on owner to make a good living while having the business make their mortgage payments towards the real estate. On another note, this could be a great purchase for an investor as well. There is a 3-bedroom apartment above the club that would allow for an on-site caretaker and an investor could make their payments to cover the mortgage, have enough to pay a manager, and still have money leftover for themselves.
All reasonable offers will be considered, this Will turn out to be a great investment for anyone who has wanted to run a bar or club. Experience would be a plus, but not necessary.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Dance Floor, Lighting, Stage, 3 bars, 2 floors, VIP Area.
Market Competition and Expansion:
Sales have been fairly consistent over the past 5 years, with 2008 being the best reported year yet!
Reason for Selling:
Divorce-Marital Property
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.