This premier facility consists of 6,875 sq. ft. total. With two main bars on the ground floor, one serving the dance floor, and the other in the lounge area. The loft bar upstairs has approx. 1,000 sq. ft. and overlooks the dance floor and stage. It has expansive ceilings with state-of-the-art lighting and one of the best sound and video systems in South Florida. An additional outdoor space adjacent to the original premises consisting of approx. 640 sq. ft. with an outdoor bar serving the patio and the dance floor.
- Asking Price:
- $3,500,000 Furniture / Fixtures included
- Sales Revenue:
- $1M - $5M
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease term until 2027 with a 5 year option
- Leasehold Rent:
-
$443,520 per annum
- Location:
-
Located in a busy shopping mall with plenty of parking, in addition on street parking is available.
- Premises Details:
-
Includes FF&E, goodwill, and transferrable licenses for operation, including a 4-COP quota alcoholic beverage license, which has a current fair market value of $225,000.
- Size in square feet:
- 6,875
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Open Sun-Thurs until 2am, Fri-Sat until 3am
- Employees:
- 10
- Years established:
- 2009
Other Information
- Furniture / Fixtures value:
- $67,000 - included in the asking price
