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Successful Adult Entertainment Nightclub In Providence For Sale

Providence, Rhode Island, US
Asking Price:
$3,000,000
Sales Revenue:
$2,000,000
Cash Flow:
Available on request

Very well established in Rhode Island, offering full liquor, fully nude entertainers and full contact.

$3,000,000 for the name, good will, all furniture, fixtures and equipment, and all licenses for the operation of the business, or $4,500,000 for the business and real property.

2019 sales were in excess of $2,000,000. Full financial information will be provided to seriously interested and qualified prospective buyers.

Property Information

Real Estate:

Lease

Lease Terms:

A new long-term NNN lease is being offered by the property owner at an initial base monthly rent of $25,000. Alternatively, the real estate can be acquired at a price of $1,500.000.

Leasehold Rent:

$300,000 per annum

Location:

Providence County, Rhode Island

Premises Details:

This is a two-story venue with 5,000 +/- square feet on the first floor and an additional 3,000 +/- square feet on the second floor. Featuring two bars, stages, full kitchen, and a basement. Tax records reflect that the building sits on .39 acre.

Size in square feet:
.39 Acre

Business Operation

Competition / Market:

There are six adult clubs in the City of Providence, and this establishment is one of the most popular and successful.

Reasons for selling:

Other business interests

Trading hours:

Sunday through Thursday, 11:30 am to 1:00 a.m., Friday and Saturday until 2:00 am.

Other Information

Support & training:

Available

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

Perhaps, with a substantial down payment.

Related Documents:

Contact Pat Burnside Realty

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