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Listed by:

HWH Properties

Established Texas Galveston Island Only Adult Club Recently Reopened In Galveston For Sale

Galveston, Texas, US
Freehold Price:
$1,600,000 Furniture / Fixtures and Inventory / Stock included
Lease Asking Price:
$600,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

**Business Name**: Wispers
**Location**: 2020 Mechanics Street, Galveston, TX 77550
**Type of Business**: Adult Use Club (Pasty)
This is an exceptional opportunity to acquire a well-established, exclusive adult use club in a prime, reinvigorated entertainment district of Galveston.
**Establishment**:
- Operating since: Over 20 years (closed during the Covid era)
- Just recently reopened: February 2024
- Only Adult Use Club on Galveston Island
**Operating Hours**:
- Current: Wednesday to Saturday, 7 PM - 2 AM
- Potential: 7 days/week, Can open earlier in the day
Key Features
- **Prime Location**: Situated in the vibrant entertainment district of downtown Galveston, only three blocks from the Carnival and Cruise ship terminal.
- **Unique Market Position**:

The exclusive adult use club on the island,
serving a local population of 54K and an urban/MSA population of 192K,
surrounded by 51+ hotels, beach houses, and AirBnBs.
- **Spacious Venue**: 5100 SF footprint with an additional 3500 SF mezzanine deck.
Building Specs:
- Constructed in 1913, featuring brick and block walls with a concrete slab main floor and wooden mezzanine floor.
- 24' ceiling height.
- Equipped with a brand new 12.5 Tons HVAC unit.
- **Entertainment Amenities**:
- Center Stage: Elevated 4' off the floor with two 18' poles (one spinner, one fixed).
- Lighting: Combination of older lighting and newer LED, plus a laser system.
- Sound: Basic system with subs under center stage and fill speakers.
- VIP Areas: Two curtained VIP areas and four couches in a side area.
- **Bar Facilities**: One main bar and a mezzanine deck with a setup for a secondary bar (currently not in use).
Dressing Rooms: Plenty of room with adjacent Bathroom with sink, commode, shower
- **Additional Potential**: Room for a "Subway" level kitchen or a full kitchen with minor investments.
Infrastructure
- **Parking**: Street parking after 7 PM and proximity to a 24-hour municipal parking deck (~250 feet).
- **Compliance**: Fully compliant with all permits and inspections, including SOB/Adult Use pole tax and Late Hours Permit.
- **Occupancy**: Fire Department classification ranges from “50 to 300” occupants.
Financials
- **Sale Price**:
- Business: $600,000
- Real Estate: $1,000,000 (based on recent Galveston City reappraisal)
Options:
- Owner Financing (Business or Real Estate)
- Real Estate Lease on Business Purchase
- Management Contract Agreement POSSIBLE with RE Lease
Competitive Landscape
- **Oceans Cabaret**: Nude, BYOB, located in a poor location south of Dickinson, not a significant competitor. Approximately 7-8 miles from Wispers
- **Heartbreakers**: Topless with alcohol, located in Dickinson, TX. Beautiful interior but not in a prime location.
- **Houston Clubs**: Approximately an hour away up I-45.
Marketing Opportunities
- **Untapped Marketing Potential**:
- **Social Media Marketing**: No sustained or comprehensive marketing efforts are currently employed, presenting an excellent opportunity for penetrating social media markets.
- **Guerilla Marketing**: Street marketing and guerilla marketing strategies are completely untapped, offering significant growth potential.
To visit discretely, to check out Club as a “Secret Shopper”, please notify me beforehand for my records: I will not put the Owner on notice beforehand.

For more details and to arrange a direct meeting with the owners, please contact me directly.

Because of the nature of the Adult Club Industry, and professionally, I take the time to speak with each and every potential Buyer/Investor. I do this to go over with these individuals their expectations, their criteria, their capabilities. Typically a signed NDA is a requirement as part of the process.

The most direct question I ask anyone who has contacted me is, "Do you have the ready assets to take a Purchase of this size to Closing?". I do not want to waste your time, nor mine.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

To be Negotiated

Location:

Entertainment Area, Downtown Galveston. About 2-3 blocks from Cruise Line Terminal

Premises Details:

5100 sf, with 3500 sf Mezzanine Deck

Size in square feet:
8,600
Planning Consent:

CB-H

Business Operation

Expansion Potential:

Marketing Opportunities
- **Untapped Marketing Potential**:
- **Social Media Marketing**: No sustained or comprehensive marketing efforts are currently employed, presenting an excellent opportunity for penetrating social media markets.
- **Guerilla Marketing**: Street marketing and guerilla marketing strategies are completely untapped, offering significant growth potential.

Competition / Market:

Competitive Landscape
- **Oceans Cabaret**: Nude, BYOB, located in a poor location south of Dickinson, not a significant competitor. Approximately 7-8 miles from Wispers
- **Heartbreakers**: Topless with alcohol, located in Dickinson, TX. Beautiful interior but not in a prime location.
- **Houston Clubs**: Approximately an hour away up I-45.

Reasons for selling:

Owners have other compelling interests

Trading hours:

Wed-Sat: 7PM-2AM

Employees:
6
Years established:
21

Other Information

Support & training:

up to 6 weeks

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Financials
- **Sale Price**:
- Business: $600,000
- Real Estate: $1,000,000 (based on recent Galveston City reappraisal)
Options:
- Owner Financing (Business or Real Estate)
- Real Estate Lease on Business Purchase
- Management Contract Agreement POSSIBLE with RE Lease

Furniture / Fixtures value:
$20,000 - included in the asking price
Inventory / Stock value:
$10,000 - included in the asking price
Related Documents:
Lease asking price:
$600,000 - Furniture / Fixtures and Inventory / Stock included