Iconic Palm Beach Nightclub–27 Years in a Premier Location

Palm Beach County, FL
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Asking Price:$1,500,000
Gross Revenue:$3,331,715
Rent:$42,633/Month
Established Year:1997
Cash Flow:$977,002
Inventory:$40,000
FF&E:$250,000
BUSINESS DESCRIPTION

This 10,000 sq. ft. nightclub offers an unparalleled opportunity for nightlife operators in the industry, with a vibrant and profitable legacy spanning over 25 years. Situated in the heart of Palm Beach County's bustling nightlife scene, the venue features state-of-the-art sound and lighting systems, three stylish bar areas, a spacious dance floor, VIP sections, and a mezzanine, creating an electrifying atmosphere for guests. Boasting a loyal customer base and a proven track record of success, the club is positioned in a high-traffic, sought-after location. Industry experience is strongly encouraged. While the 4COP liquor license is not included in the sale, the current absentee owner is willing to seller finance it to the buyer, ensuring a seamless transition into this turnkey business.


DETAILED INFORMATION
Location
Palm Beach County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
10,232
Lease Expiration
30/03/2029
Employees
32
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Leased - Strip Mall Terms Options: 4/1/2024 - 3/31/2025. Rate PSF -$50. Minimum Rent- $42633.33, 4/1/2025 - 3/31/2026. Rate PSF-$52.50. Minimum Rent-$44765.00, 4/1/2026-3/31/2027. Rate PSF- $55.13. Minimum Rent- $47,003.25 , 4/1/2027-3/31/2028. Rate PSF- $57.88. Minimum Rent- $49,353.41 , 4/1/2028-3/31/2029. Rate PSF- $60.78 . Minimum Rent- $51,821.08
Support & Training
2-week training at no cost
Reason for Selling
Other Interests
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Jessica
Colvin
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Jessica Colvin