Business Description

This is a fantastic opportunity! Here’s a breakdown of the key points for someone potentially interested in purchasing this bar lounge nightclub: - **Size & Space**: The establishment is **1,700 square feet** with some outdoor seating, offering a cozy but ample space for patrons. Lower rents easier to manage. - **Licenses & Legal**: It includes a **4-COP Quota Alcoholic Beverage License**, valued at approximately **$350,000**, which is a major asset for a business in the bar/lounge industry. This type of license is typically required for businesses selling all types of alcohol. - **Furniture & Improvements**: The establishment features **top-of-the-line furnishings** and an **estimated $400,000 leasehold improvement**, making it a stylish and well-equipped venue ready for operation. Top of line, lighting system, sound system, all equipment is 12-24 months old like new. - **Visibility & Location**: The location in **Ybor City**, a bustling area known for its vibrant nightlife and numerous restaurants, offers **excellent visibility and access**, plus **ample parking** — a key factor for attracting patrons. Situated between the world famous Coyote Ugly and a fine cigar bar in a party district. - **Profitability**: The business is highly profitable, with financials available and numbers from the **point of sale** showing strong performance. This is an asset sale, meaning the buyer would acquire the **name, liquor license, furniture, fixtures, and equipment**. - **Lease Terms**: The lease is **long-term** with **favorable rent** conditions, which is beneficial for maintaining a stable operating cost structure. Current rent is under $5000 and has 12 years left on the lease and max cap of $5300 - **Broker Expertise**: The brokers involved have experience specifically in **restaurant and bar sales**, so buyers can expect knowledgeable guidance throughout the purchase process. All in all, this sounds like a solid investment opportunity for someone looking to step into the nightlife business, especially given the location, the license, and the furnishings. Would you like to explore the next steps for acquiring this business or gather more details about the financials?