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This is a rare opportunity to purchase a fully equipped, upscale lounge in a fantastic location with furniture and equipment in like-new condition. Pre-Covid, The Lounge offered a popular open-format that featured a wide variety of live entertainment including jazz, blues, comedy and DJ performances. Monday Night football, Thursday Night Karaoke and Sunday jazz were particularly popular. Venue is located in the beautifully re-developed downtown core and features a 35’ wrap around, black granite bar with 3 well stations and a triple stainless-steel sink. The performance stage is 21’ X 11’ and is fully equipped with stage lighting, projection screen and sound equipment. New owner can use quarantine to rebrand the club and reopen as any variation of bar, restaurant and bar and/or lounge with or without live music or nightclub. *Owner may consider Seller Financing*
-The space is 3710 square feet with an inside occupancy of 195
-Buyer to negotiate new lease rent and terms with the landlord
-The large and open lounge space features a combination of 4-top tables, barstools around the bar and a raised VIP area with 2-tops tables and banquet seating. Multiple flat screen TVs and a newly installed, drop-down screen for sporting events and DJ show projections
-The kitchen features a hoodless fryer, convection oven, stainless steel 3-compartment sink, pot washing sink, hand sink, ice machine and under-counter dishwasher.
-The venue has operated as a lounge and nightclub for many years with current operator since August 2018 and had operated with owner as the manager and 7 part-time employees
-Hours of operation were 7 days/week Mon-Thurs 4:00-11:00pm; Friday 4:00pm-1:00am Saturday 9:00pm-6:00pm and Sundays 2:00-6:00
-Premise is licensed with a Type 48 On Sale-Public Premises
Price includes: Furniture, fixtures & equipment brand, name, recipes/menu, training, leasehold interest, leasehold, goodwill & improvements. Some personal items are excluded.
Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers with regard to this information.
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