Business Overview:
Very well established in Rhode Island, offering full liquor, fully nude entertainers and full contact.
$3,000,000 for the name, good will, all furniture, fixtures and equipment, and all licenses for the operation of the business, or $4,500,000 for the business and real property.
2019 sales were in excess of $2,000,000. Full financial information will be provided to seriously interested and qualified prospective buyers.
A new long-term NNN lease is being offered by the property owner at an initial base monthly rent of $25,000. Alternatively, the real estate can be acquired at a price of $1,500.000.
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Property Features and Assets:
This is a two-story venue with 5,000 +/- square feet on the first floor and an additional 3,000 +/- square feet on the second floor. Featuring two bars, stages, full kitchen, and a basement. Tax records reflect that the building sits on .39 acre.
Market Competition and Expansion:
There are six adult clubs in the City of Providence, and this establishment is one of the most popular and successful.
Reason for Selling:
Other business interests.
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.
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