Live Entertainment Venue for Sale-Palm Beach Cty

Lake Park, FL
Palm Beach County


Asking Price: Annual Revenue:
$375,000 $600,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Live Entertainment Venue for Sale-Palm Beach Cty Broker: Ken Eisenband

Quick Facts

Asking Price: $375,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2020
Employees: 7
BBN Listing #: 34458096
Broker Reference #: 8960

Email or Print Listing

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Business Overview:

If you are looking for a space to promote live entertainment look no further. Live Music, Comedy, Magic, and even wrestling. This Venue for Sale is the perfect space for special functions such as weddings and corporate events.

This Venue for Sale in Palm Beach County has a great location and excellent parking. The venue can seat 260 for a live show and has a maximum capacity of 460 for standing room. The theater has promoted shows featuring live music, comedy, magic and wrestling. The space is perfect for special events such as weddings, corporate functions, and private parties. There are two bars located in the venue. One in the theater and one in the lobby. The facility has a 2COP license and can offer beer and wine during the shows.

The space at this Venue for Sale is a total of 11,000 square feet. 7,000 square feet on the main floor and 4,000 square feet upstairs. As you enter the theater there is a lobby area as you await the doors of the theater to open for the shows. The lobby area has a bar that offers beer, wine, and snacks. There is also a ticket booth that connects to an office. The main room has seating for 260, a large stage and a bar. The main room has a total capacity of 460 standing for a show. The performers that are booked have two green rooms for their use as they prepare to perform. Parking will never be a problem as there is parking for more than 200 cars around the facility. The rent for all of this is only $7,490 per month including CAM and taxes. The lease expires on October 31, 2025, and there is a five-year option attached. The Restaurant Brokers at We Sell Restaurants knows that it is a rare opportunity to find a space like this on the market!

The live entertainment and special function facility is equipped with everything you will need to start booking shows immediately. The audio/visual equipment that will transfer with sale has a value of more than $100,000. This includes a Berringer X32 sound mixer, nine 70” televisions that make up the digital screen at the back of the stage, amplifiers, cords, microphones, speakers, and monitors. The performers that are booked will just need to plug their equipment in. There are two bars located in the venue. One in the lobby and one at the back of the theater. Both are complete with mug chillers, ice wells and POS systems. The walk-in cooler holds the draft beer system. This Venue for Sale has more than $200,000 invested in leasehold improvements to the space.

The Lake Park Venue for Sale is in a burgeoning entertainment district, drawing both locals and visitors from all over Palm Beach County. The theater is located next door to, a micro-brewery, and down the street from a variety of restaurants, galleries, and retail shops. The Town of Lake Park is a small geographic area wedged between PGA and West Palm Beach and is supportive of both this new entertainment district and local improvements while preserving historic resources. There is plenty of parking available at the theater and Lake Park is planning on building a stacked garage directly behind it.

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Property Features and Assets:

sound system sound board Berringer X32 light system 9 video screen 70 in ch each amplifiers cords microphones speakers microphones three televisions 3 high top tables 12 chairs 250 arm chairs 100 folding chairs security gates floor vac 13 5 foot round tables keg box - 2 head 4 taps 2 three glass door low boy cooler square POS system 3 ice wells speed well draft system ice machine microwave walk in cooler freezer chest shelving units

Market Competition and Expansion:

Great space with seating for 260 guests, centrally located with great parking, can host live music, comedy. magic, and more. Perfect venue to host weddings, corporate functions, and private events.

Reason for Selling:

Other

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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