Notorious Nightclub In Budapest For Sale

Business description

Located in a prime location, we are a notorious underground music club, famous for its quality music program and unique environement. Our place can welcome a total of 300 people, on 2 levels divided in 5 spaces with distinctive design and atmosphere. Successfully running for the 4th season, with all the necessary licences (alcohol & Tobacco, music and private club licence), a good technical background and a dynamic staff, our club is looking for a new owner, for new developments.

Property information

Real Estate:

Lease

Lease terms:

The buyer will get a 5-year renewable lease contract at a moderate monthly rate (details in private). We have been in a stable and positive relationship with the owner of the place (who speaks English too) since our opening, who will have to agree on the take-over of the business.

Location:

The club is located in the “Golden Triangle of Budapest”, the biggest meeting point and party district of the city (Opera, thaters, clubs, restaurants, cafes, etc.). One minute away from the 2 busiest avenues of the city, 5 minutes from the Western trainstation. No neighboring problems, due to our special location.

Size in square feet:

3,000

Other information

Expansion potential:

First, the “inside” opportunities : the place itself could be extended (one extra room can be opened) and upgraded, with the idea of progressively switching targets, from students to young workers.

Second, the “outside” opportunities : as it is, this club is running 7 months a year, from the end of September till the middle of may. A natural extension for our business would be to open a summer outdoor place using the club’s name, program and staff. Summer is always huge in Budapest, with a lot of life and tourists, and business opportunities.

... Or you could also turn this place absolutely upside-down, just keep the lease and the license, and start something totally new... Even totally naked, this place would still be interesting, due to it’s prime location and unique configuration.

Competition / Market:

We are the leading club of our category, considering size (200/300 people), music style (electronic) and target population (20/30 years-old). A lot of places opened and closed since our opening, while we have been in regular progress for 4 years.

Support & training:

We will offer the buyer our full support to take control of all aspects of the business. We will naturally introduce him to all our partners : providers, medias, artists, bookers, events organizers, painters and builders, lawyers, accountants and, of course, our staff). We speak English, Spanish, French and Hungarian, clear communication should not be a problem.

Reasons for selling:

Personal reasons (details in private).

Trading hours:

Open from September to May, from Wednesday to Saturday, from 10 pm till 6 am. Opening hours can be extended or modified without limitation (up to 24/24 and 7/7).

Furniture / Fixtures value:

$15,000 (included in the asking price)

Inventory / Stock value:

$2,000 (included in the asking price)