Upscale Dance Club and Lounge - Absentee Owned for Sale in Major City in Georgia

Reference #:	420209064
Location:	Major City in Georgia
Price:	$750,000
Amount Down:	$750,000
Revenues:	$1,450,662
Discretionary Earnings:	$179,415
Total Assets:	$0
Business Description:	This night club is in one of the hottest cities in Georgia, and has had an average of $1.4 million in gross revenues over the last 4 years with an EXCELLENT reputation. The club has been open since December 2004, and was named one of the top 100 clubs in the United States for 2008! The club is known for having the best customer service in the business, not to mention the best weekend music mix in the city. They currently have a great lease (from 1997 at below market-value rent), which has 9 years left. Club has been remodeled multiple times (last time in 2008). They have an existing and good standing liquor license which the city no longer issues for this city. If owner operated, the cash flow could increase by about $77,500. This night club is a highly profitable business. Currently 2009 is pacing well ahead of 2008.
Contact Us About This Business For Sale The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.