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- RE: Speakeasy And Restaurant
- Contact: Terry Watts
Quick Facts
Asking Price: | $549,000 | |
Annual Revenue: | $1,440,449 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $114,593 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2022 | |
Employees: | 18 | |
BBN Listing #: | 992193 | |
Broker Reference #: | 7005-18144 |
Business Overview:
This one-of-a-kind establishment, spanning approximately 5,000 square feet,offers a unique ambiance that seamlessly blends the elegance of a sophisticated lounge with the allure of a classic speakeasy. The downstairs level boasts a stunning lounge-style speakeasy, while the second floor features a beautifully appointed dining room with seating for up to 60 guests, including a separate VIP area and a dedicated bar.
In addition to its upscale lounge atmosphere, the venue operates as a fully equipped fine dining restaurant, complete with a professional-grade kitchen,experienced staff in place, and an elegant setting that accommodates up to 120seated dining guests and approximately 40 bar patrons. The total venue capacity is estimated at around 300, making it an ideal space for upscale dining experiences and nightlife offerings.
The landlord currently holds a full bar liquor license and a general business license, making this a true turnkey operation primed for continued success. Importantly, the full bar liquor license—estimated to be worth between$225,000 and $250,000—is extremely rare and highly sought-after in the county,where new licenses are exceptionally difficult, if not nearly impossible, to obtain due to strict local regulations and limited issuance.
This business has been pre-qualified for financing, offering a streamlined path to ownership for qualified buyers. This rare opportunity combines a premium location, strong infrastructure, and the potential for immediate and sustained profitability.
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Property Features and Assets:
The facility is split-level with a distinct division between the lounge and dining areas. The downstairs lounge exudes an inviting speakeasy vibe, perfect for intimate gatherings and events. The upstairs dining area accommodates up to 60 guests, offering a separate VIP section with a dedicated bar, providing an exclusive experience for special patrons. The overall design and layout are meticulously crafted to offer a seamless blend of comfort and luxury.
Market Competition and Expansion:
This establishment stands out as a unique offering in the area, with no direct competitors providing a similar combination of lounge, speakeasy, and fine dining experiences. The industry is characterized by a growing demand for unique dining and social experiences, positioning this business well within the market. The clandestine allure of a speakeasy, coupled with exceptional service, ensures a steady stream of patrons.
There is ample room for growth in this business. Expanding marketing efforts, enhancing the online presence, and introducing new and innovative themed events can drive revenue. Partnering with local businesses and hosting special nights can attract a broader audience. The business's unique concept and lack of direct competition provide an excellent foundation for further development and increased profitability.
Reason for Selling:
The current owner is motivated to sell due to personal reasons.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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