Owner Financing is Available!
Business Overview:
An established Lounge and Nightclub catering to the Hispanic market. The Lounge and Nightclub are connected and are operated separately or together, depending on the evening of the week. The business has a full liquor license and serves liquor, beer and wine. Food is not served which helps to simplify the operation and keeps the profit margins high. The Lounge area has large flat screen televisions and serves as a sports bar at times. The Nightclub section has live entertainment by recognized bands and normally has a comedy night once a week. A cover charge is collected and ranges between $5 and $20 depending on the event.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
7,500 square feet Lounge and Nightclub located at a busy intersection in a strip center that has ample parking. The business has an excellent sound, lighting and air handling system. New large flat screen televisions are mounted throughout the lounge. Lease payments are $6,000 per month which includes the CAM. The remaining term on the lease is 8 years plus a 5 year option.
Market Competition and Expansion:
Competition: There is always competition, but this business has a prime location, a good reputation and many loyal customers. Growth/Expansion: Business could be expanded by promoting more private parties, advertising on local Spanish radio stations and doing joint promotions with other businesses.
Reason for Selling:
Seller has another business.
Additional Details:
- The property is leased.
- 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.