Profitable Bar/Lounge/Club

Broward County, FL
listing image
Asking Price:$585,000
Gross Revenue:$850,000
FF&E:$30,000
Cash Flow:$230,000
Rent:$55,200/Year
Established Year:2020
BUSINESS DESCRIPTION

A very profitable bar, lounge, and nightclub is now available. This cash flowing business would be a great deal by itself but what really makes this super valuable is that you can purchase the transferable Florida liquor license. As you know, with the lottery system these are very hard to get.

This is a great facility in a great location. It is close to the highway and there is plenty of parking. The current owner has negotiated for a very discounted rate in the rent and you will have 12 years left on the lease at this price which is about ½ the normal rental rates for this area.

The current owner is not hands-on, he has a GM that runs the business, you can keep him on, hire your own manager, or run the bar yourself. The business is turn-key and comes fully staffed. Great opportunity in a great market.

Listed asking price excludes the liquor license. Liquor license is offered with easy financing terms with 20% down payment. Price is set by market and to be discussed.


DETAILED INFORMATION
Location
Broward County, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,000
Lease Expiration
01/01/2035
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Report an Issue with this listing
Jim Boyd
logo-img
Jim Boyd