NOT DISCLOSED, Florida
| Asking Price |
$749,000 |
Year Established |
2014 |
|
| Annual Revenue |
$2,200,000 |
Reason for Selling |
Other Business Opportunities |
|
| Annual P/L |
$0 |
Attention |
Joshua Sagman |
|
| Annual Cash Flow |
$215,000 |
Listing Number |
1016119 |
|
| # of Employees |
30 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
This is an exceptional opportunity to acquire a well-established, upscale bar, lounge, and club operating in a prime West Palm Beach location. Established for more than 12 years, the business has built a strong market presence, proven operating model, and established customer base within one of South Florida’s most active entertainment and nightlife markets. The venue offers an elevated atmosphere designed to accommodate multiple concepts throughout the evening, providing an incoming owner with an established operation rather than the time, expense, and uncertainty associated with developing a new venue from the ground up.
The business is being offered as a turnkey acquisition with existing profitability, allowing a new owner to step into a fully established operation with the infrastructure, systems, and operating foundation already in place. The operation benefits from access to a liquor license that can be leased as part of the transaction, along with a highly desirable late-night license. These licensing arrangements provide significant strategic value for an upscale nightlife operation. Combined with the venue’s established history, desirable location, existing operations, and built-in profitability, the opportunity presents substantial value for an experienced operator, hospitality group, investor, or entrepreneur looking to enter or expand within the South Florida nightlife market.
Beyond its current operations, the business offers significant expansion and revenue-growth potential. A new owner could further develop the concept through enhanced marketing, expanded events and entertainment, private and corporate functions, VIP experiences, strategic partnerships, and additional programming designed to maximize the venue throughout the week. Three months of marketing support are included with the acquisition, helping maintain momentum during the transition and providing the incoming owner with additional resources to pursue the next phase of growth. Additional financial, operational, and business information is available to qualified buyers upon execution of a confidentiality agreement.
Property Features and Assets:
<p>The business operates from a fully built-out, turnkey hospitality venue in a prime West Palm Beach location, featuring established bar, lounge, and nightlife infrastructure designed to support high-volume operations. Key assets include approximately $50,000 in FF&E, $30,000 in leasehold improvements, $20,000 in inventory, a valuable liquor license estimated at approximately $300,000, and a late-night operating license.<br></p>
Market Competition and Expansion:
<p>The business operates within a highly active and diverse West Palm Beach nightlife market, where customers can choose among traditional nightclubs, rooftop venues, cocktail lounges, live-music concepts, restaurants, and late-night bars. The venue differentiates itself through its semi-private, upscale positioning, established 12+ year operating history, two-bar format, craft beverage program, and alternative to the louder, more crowded nightlife experience found elsewhere downtown. Downtown West Palm Beach remains an established entertainment destination, creating meaningful competition while also concentrating a large audience actively seeking dining, cocktails, music, and nightlife.<br></p>
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