Listing ID: 67403
This popular Gentleman’s Entertainment Club has been in continuous business in the same location for over 13-years and has been profitable since the current owner remodeled the club and installed new management 4-years ago. This is the perfect opportunity for a first-time or absentee owner. The club has an experienced, dependable, manager and the Seller currently spends less than 10-hours per month on club business.
Performance Stage has 2-poles with nice entertainer changing area backstage including 30+ lockers.
DJ Booth with full complement of lighting and sound controls.
Kitchen with hood, clean and ready to serve a wide array of food (some appliances not included). Bar Area is “L” shaped with 20 “high back” stools and tall wall mounted mirrors wrap around one corner of the club.
Serving Floor includes: 25 tables w/40 lounge chairs, 1 large VIP/Private Party area, 3 ten-twelve seat champagne areas, 5 private dance rooms.
Two Public Bathrooms, and two employee bathrooms.
Management Office with video monitors and safe.
POS System has 2 bar terminals w/receipt printers, 1 server terminal w/kitchen ticket printer.
Security System includes multiple inside and outside cameras which can be viewed remotely
Sound & Light System multiple speaker system w/subwoofers, full array of spot/strobe/projector lighting
Heat/AC Building has newer HVAC system in excellent condition
Rent: $6,000 Per Month 3-years left on fist 5-years, with additional 5-year option.
License: Four COP (Consumer on Premises Quota). Inventory not Included with Sale, $20,000.
Sale Price: $579,000.
Net Cash Flow: $7,000 per week
Liquor License can be financed for $180,000
This club has been in continuous business in the same location for over 13-years and has been profitable since the current owner remodeled the club and installed new management 4-years ago. This is the perfect opportunity for a first-time or absentee owner. The club has an experienced, dependable, manager and the Seller currently spends less than 10-hours per month on club business. Inventory is Not Included
There are a few competitors in the area. However, this club is EXTRA CLEAN, well managed, the location is ideal, and the Cabaret caters to thousands of conventioneers, businessmen, and devoted local patrons. Couples and female guests are frequent visitors, embracing the growing population Tampa’s young professionals and nightlife connoisseurs.
Club was doing $30,000 – $35,000 per week before pandemic
- Asking Price: $579,000
- Cash Flow: $175,000
- Gross Revenue: $675,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $20,000
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:10,000
- Lot Size:N/A
- Total Number of Employees:34
- Furniture, Fixtures and Equipment:N/A
other business interests
The business was established in 2018, making the business 4 years old.
The transaction won't include inventory valued at $20,000*, which ins't included in the requested price.
The business has 34 employees and is located in a building with estimated square footage of 10,000 sq ft.
The building is leased by the business for $6,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. However, the real reason and the one they tell you may be 2 completely different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might simply be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in incomes, or an array of various other factors. This is why it is very crucial that you not rely completely on a vendor's word, but rather, make use of the vendor's response along with your general due diligence. This will repaint a more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, etc. Remember that occasionally this can indicate that profit margins are too small. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new consumers? Many times, operating businesses have repeat consumers, which create the core of their everyday profits. Particular aspects such as new competition growing up around the location, roadway building, as well as staff turnover can impact repeat clients as well as negatively affect future revenues. One crucial point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the better the opportunity to construct a returning consumer base. A last idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Exactly how might the local average household income impact future earnings potential?