**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.
