Successful and Longest Running Nightclub in Palm B

Not Disclosed, FL
Palm Beach County

Asking Price: Annual Revenue:
$1,300,000 $3,500,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Successful and Longest Running Nightclub in Palm B Broker: Joshua Sagman
Owner Financing is Available!
Loan/Seller - Amount: $300,000; Months: 24; Rate: 7.00% Monthly Payment: $13,431.77

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $3,500,000
Net Profit: Not Disclosed
Cash Flow: $750,000
Total Debt: Not Disclosed
FF&E: $467,640
Real Estate: Not Disclosed
Year Established: 1997
Employees: 38
BBN Listing #: 7990630
Broker Reference #: 6401461483

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Business Overview:

Established in 1997, This 10,000 square feet state of the art space has set the standards for nightclubs in Palm Beach County. There is currently a weekly rotation of DJs, Live Music, International performances, and celebrity hosts. Space features 4 Bars, separate rooms, and 24ft ceilings which makes it one of the largest turn-key built-out nightclub spaces in Palm Beach County. Please refer to listing number 6401461483, business broker Joshua Sagman when inquiring about this listing.

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Property Features and Assets:

Lease/Month: $40,000; Square Footage: 10,000; Building Type: Commercial; Terms & Options: Long term lease; Expiration Date: 1/1/2030.

Market Competition and Expansion:

Non Compete : Miles: 1 Years: 1

Reason for Selling:

Other Business Opportunities.

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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