This high-profit, absentee-owned spa hotel and gay entertainment venue in Las Vegas offers an exceptional investment opportunity. The business boasts luxurious facilities, including hot showers, private rooms, and social spaces meticulously designed to spark connections. Despite the absentee ownership, the venue consistently produces strong cash flow and substantial earnings. As the largest and newest gay venue in the city, it enjoys a loyal and growing clientele, positioning it as a leading player in the market and a prime opportunity for investors looking to acquire a thriving, low-maintenance business.
- Asking Price:
- $2,400,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- On request
- Cash Flow:
- On request
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$23,380 per annum
- Premises Details:
-
This is a leased location of 26,000 square feet with a Total monthly rent of $23,380. Lease ends 12/2033. Seller inactive. There are 4FT and 2PT employees. Hours of operation are 24/7. $5,000 in inventory and $200,000 in FF&E included in the asking price. $500,000 made in leasehold improvements. Health Club & Spa Licenses, Retail Sales license required.
- Size in square feet:
- 26,000
Business Operation
- Reasons for selling:
-
The business was built to sell for profit
- Trading hours:
-
24/7
- Employees:
- 6
- Years established:
- 1
Other Information
- Support & training:
-
Two weeks
- Furniture / Fixtures value:
- $200,000 - included in the asking price
- Inventory / Stock value:
- $5,000 - included in the asking price