Listing ID: 81149
SEE OUR FACE BOOK PAGE!!!!!!!! NIGHTCLUB FOR A NIGHT YOU WILL NOT FORGET.
4,274 SF OF TOP NOTCH FUN AND ENTERTAINMENT!!
Your nights out are precious. They are the time in which you can go out, be yourself, let loose, and have fun. There are only so many, so making each one your best is our priority. This Turn Key Night Club makes going out something special. We take pride in everything we do. We installed an incredible Meyers sound system, not for us, but for you. We hired the best bartenders, so you can get great cocktails any night of the week. And we host and entertain some of the best live performers and DJs on the west coast. This is truly nightlife built for you.
- Asking Price: $275,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $450,000
- Inventory: $30,000
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,474
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
DOWN TOWN RENO. TURN KEY NIGHT CLUB WITH ALL IMPROVEMENTS ALL DONE PROFESSIONALLY, TOP NOTCH TURN KEY FULLY OPERATIONAL JUST WAITING FOR A NEW OWNER. I
YES ALL THAT WOULD BE NEEDED
TRIPLE NET LEASE INCLUDED PGE WATER ETC POSSIBLE MAY EXPAND SF FOOTAGE
The business was started in 2016, making the business 6 years old.
The transaction shall not include inventory valued at $30,000*, which ins't included in the listing price.
The company has 10 employees and is situated in a building with approx. square footage of 3,474 sq ft.
The building is leased by the company for $8,242 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. However, the genuine factor vs the one they say to you might be 2 totally different things. As an example, they may state "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competitors, recent reduction in earnings, or a range of various other reasons. This is why it is really essential that you not count totally on a vendor's word, however rather, use the vendor's solution combined with your total due diligence. This will repaint an extra realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that revenue margins are too thin. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract new customers? Often times, operating businesses have repeat clients, which form the core of their everyday revenues. Specific factors such as brand-new competition sprouting up around the area, roadway building and construction, and also employee turnover can impact repeat consumers as well as adversely impact future profits. One essential point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the higher the opportunity to develop a returning customer base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood average household earnings impact future revenue prospects?