Profitable Upscale Nightclub In Prime Location
Not Disclosed, OH Cuyahoga County
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- RE: Profitable Upscale Nightclub In Prime Location
- Contact: Gary Sardon
Quick Facts
| Asking Price: | $2,750,000 | |
| Annual Revenue: | $1,870,166 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $720,119 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $125,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2010 | |
| Employees: | 33 | |
| BBN Listing #: | 990442 | |
| Broker Reference #: | 022822-700613 |
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
Reason for Selling:
Other VenturesAdditional 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
Documents:
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