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Nightclub And Lounge In Queens County For Sale

Queens County, New York
Asking Price:
$1,250,000
Sales Revenue:
$2,860,000
Cash Flow:
$572,000

Nightclub/lounge for sale *PRICE REDUCED* This spot is 5,000 sq. ft., with full kitchen. This is the real deal. Currently, this location is only open three nights per week- Thursday, Friday and Saturday, 10pm - 4am. They have a full liquor license and cabaret license (cannot be converted to a gentleman's club). This place caters to patrons from throughout the boroughs and LI, as well as celebrity clients and entertainers. The location offers high-end design, high-end audio, DJ booth, fully-stocked bar/table services and VIP area (11 booths with four-bottle minimum. Each bottle costs at least $200- do the quick math). They also have a fully operating kitchen with hood system. One of the cleanest kitchens you will see. It is located in an ideal area, right off a major roadway, and surrounded by dead-end streets for their valet parking service. The business averages gross sales of approx. $55,000/week from just three days. On all other nights, they host private events, but that has only been marketed on a very limited basis. Average weekly cash flow is approx. $11,000 ($572,000/annually). The business is fully-staffed with two bartenders, three bottle girls, three hookah girls, two barbacks and a chef. On Thursday, Friday and Saturday, there are 12-20 security staff workers on premises. We are seeking a serious and financially qualified buyer with at least $934,400 in liquid funds to cover the downpayment and $34,400 in rent security. Proof of funds must be provided to obtain address. All site visits must be discreet. Please do not mention the sale when visiting the location.

Business Operation

Reasons for selling:

Seller has other full-time job, and partner is leaving.

Employees:
23

Other Information

Support & training:

Seller will train buyer.

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

$900,000.00 Down & $900K dn and $350K over 16 mths. @ 0%

Furniture / Fixtures value:
$250,000
Inventory / Stock value:
$10,000

Contact Information

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