Dynamic Restaurant, Bar & Nightlife Venue - Price Reduced #867
Asking Price: | $399,000 |
Gross Revenue: | $1,074,453 |
FF&E: | $73,250 |
Cash Flow: | $173,683 |
Inventory: | $10,000 |
Price Reduced! This well-established business is a vibrant restaurant, bar, and nightlife venue known for its electric atmosphere and diverse events calendar. Hosting a variety of local entertainers, the venue attracts a wide range of clientele, making it a staple in its local entertainment district.
The business has been uniquely resilient through the pandemic and posted impressive financial growth, with a 71% increase in revenue in 2022 and another 12% rise in 2023.
Prospective buyers should note that while there are no outstanding debts or liabilities, securing a liquor license will be necessary. The current owner, seeking to step back for personal reasons, is committed to facilitating a smooth transition for the new owner by offering a month of consultation and ongoing support as needed.
*January-July 2024 P&L's Gross Rev $608,212 / Adjusted Earnings $82,828.
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