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BUSINESS FOR SALE - PROFILE #  4181-394

394 Reduced - Instant Equity Nightclub Real Estate
Milwaukee

Asking Price: $300,000   Down Payment: $300,000  
Gross Revenue: $1   Adj. Cash Flow*:  
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Executive Summary
Largest capacity club of its type in the area.  Entertainment is available on two levels with three bars. The price on this business property has recently been dropped to only $300,000 for the real estate & nightclub business assets.  The real estate is currently assessed by the city at $415,100 making this a great opportunity for the new owner.  Instantly gain more than 25% equity in the real estate!  The nightclub has not been operating since May 2010, but had generated annual gross sales between $225,000 and $300,000 during the last 7 years.  Along with this property, a second parcel that is used as a parking lot for the business is also available per listing 4181-578. There is a 3-bedroom apartment above the club that would allow for an on-site manager/owner.  This apartment could also be rented out for around $800/month. A real estate investor would be making enough money to pay for an on-site manager and still make profit from this business alone. All reasonable offers will be considered, this will turn out to be a great investment for anyone who has wanted to run a bar or club or has an experienced person they would like to put in charge of the day-to-day operations.  The owners are now divorced and just want to sell their property/business so that they can move on with other business interests.

Acquisition Highlights

  • Largest capacity club of its type in the area. Entertainment is available on two levels with three bars.
  • Wednesday - Sunday 9pm-Closed
  • The upper level of the building is a 3 bedroom one bath apartment currently occupied by one of the owners. Along with the nightclub, the present owners purchased the parking lot just behind the building with space for 40+ cars. The parking lot is available for purchse under Listing # 4181-578.
  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2003 Inventory:
Employees: 0 FT, 8 PT Furniture, Fixtures & Equipment: $40,000 Included
Real Estate: $415,100 Included
Building Sq Ft: 10,500
    Total Assets Included in Sale: $455,100
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Timothy Bullard
Phone:  (262) 347-2083
Fax:  (262) 347-2090
Other:  (630) 300-4777
E-mail:  timb@vrbizlakes.com
VR Business Brokers - Milwaukee West, WI
Terrace Suite
N27 W23960 Paul Road
Pewaukee, WI 53072
www.vrbizlakes.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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