Profitable Upscale Nightclub In Prime Location

Business Overview:

Proudly offered by Transworld Business Advisors of Cleveland-Metro / Akron / Canton, this beautiful Bar and Lounge with Entertainment plus an Outdoor Patio has produced steady and impressive growth for over 14 years, drawing in both locals and visitors alike. Discover a premier entertainment lounge with a captivating atmosphere and endless potential.

Unlock the potential of a thriving nightlife destination! This stunning lounge and entertainment venue features:

• Prime Location: Situated in Cleveland’s hottest entertainment district serving 1000’s of customers daily ensuring consistent patronage. This business can also boast many professional athletes as part of its customer base.
• Stylish Ambiance: Elegant design with modern décor, perfect for both intimate gatherings and larger events.
• Versatile Space: Accommodates a variety of functions, from live music performances to private parties and corporate events.
• Loyal Clientele: Established reputation with a solid base of repeat customers and a strong social media presence.
• Impressive Revenue: With an impressive annual revenue ranging from $1.8 to over $2.1million annually over the past three years with a strong SDE Sellers Discretionary Income of $720k to over $1million during the same period, driven by a loyal customer base, great location and effective marketing strategies.

This thriving bar and lounge is the perfect blend of atmosphere, entertainment and customer focused service making it a cornerstone of the local nightlife scene. With its prime location and loyal clientele, this business is well positioned for continued growth and success for years to come.
This beautiful Bar and Lounge with Entertainment plus an Outdoor Patio has produced steady and impressive growth for over 14 years. Discover a premier entertainment lounge with a captivating atmosphere and endless potential.

This is a unique opportunity to own a vibrant venue with endless possibilities for growth and innovation. Don’t miss out on making this dream opportunity your own!

*If you can see yourself owning this incredible opportunity, please contact Gary Sardon at 440-634-0747 or gsardon@tworld.com of TBA Metro Cleveland
to learn more and start your journey toward ownership of this incredible business.

Transworld Business Advisors Cleveland Metro / Akron / Canton

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Property Features and Assets:

Monthly Rent: $8,400.00

Square Units (Foot, Meter): 13,000

Lease Expiration Date: October 11, 2034, 12:26:50 PM

Terms Options: 2-5yr options

A vibrant Bar & Lounge in operation since 2010, presents itself as a premier destination within Cleveland's vibrant entertainment district. This establishment has carved its niche in the Drinking Places (Alcoholic Beverages) industry by offering an upscale lounge and entertainment experience that includes an outdoor patio and live entertainment. Over the years, this Bar & Lounge has produced over $2,000,000 in annual revenue in recent years, evidencing a stable and profitable operation. The business has not only succeeded in establishing a solid reputation among customers and suppliers alike but has also positioned itself as a significant presence in the local community. this Bar & Lounge's strategic location within the entertainment district has been instrumental in its success, capitalizing on the area's high foot traffic and the city’s investment in the district, projecting a bright future for this sector.

Market Competition and Expansion:

The outlook for the Drinking Places (Alcoholic Beverages) industry, and specifically for this Bar & Lounge, is optimistic. Anticipated investments in Cleveland’s entertainment district signal potential for increased foot traffic and customer spending. Opportunities for growth include expanding the menu, hosting more events, and strategic marketing to further boost revenue. The leadership's commitment to remaining engaged during a transition period ensures continuity and the leveraging of growth opportunities.
This Bar & Lounge represents a well-established, profitable venture in a prime Cleveland location, offering upscale leisure experiences. It stands out for its solid financial track record, strategic location, and potential for further growth, supported by a loyal and diverse customer base. The sale presents a commercial opportunity for individuals or investor groups interested in the vibrant nightlife and entertainment industry, with operational and growth strategies well outlined for future expansion.

What makes this business different?
This Bar & Lounge operates within a dynamic competitive landscape characterized by its unique positioning and industry recognition. Distinctly approved by major sports leagues such as the NBA and NFL as an entertainment venue, the establishment not only leverages this approval for marketing purposes but also to attract a high-profile clientele that includes professional athletes and local celebrities. This endorsement serves as a significant competitive advantage, setting it apart from other venues in one of Cleveland's most frequented entertainment districts.

Despite being located in a competitive area teeming with bars, nightclubs, and restaurants, this Bar & Lounge benefits from the synergistic effect of its surroundings. The concentration of entertainment options in the area draws thousands of visitors daily, creating a bustling environment that benefits all businesses, including this Bar & Lounge. However, it's worth noting that while this cluster of entertainment options generates increased foot traffic, it also means competition is high. Businesses in the vicinity must continuously innovate and upgrade their offerings to maintain and grow their market share.

The business' strategy to distinguish itself through high-profile endorsements and its location in a high-traffic entertainment district are key competitive advantages. However, the competitive environment requires ongoing attention to market trends, customer preferences, and the potential for new entrants that could disrupt the current dynamics. The continuous growth and evolution of the entertainment district, spurred by the city's investment, present both an opportunity and a challenge for this Bar & Lounge in maintaining its competitive edge.

Reason for Selling:

Additional Details:

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