What Could YOU Make With a $2MM a Year Bar and Club?

Listing Number: 45783-401914

Description

This business needs an owner with an understanding of how the bar and club business works. No novices please.
This Philadelphia Sports Bar/Nightclub has a 7,000 square foot main floor with a 4,000 square foot basement. What's more important is the 2019 POS revenues hit $1,710,385 well above the $1,032,000 in 2018 (the first full year of operations). There is no reason this club should not do well over $2,000,000 in the future.
The original owner spent over $1,500,000 on build out and FF&E. The current owner bought the business in 2017 and has renovated much of the space including replacing the floors, upgrading the two enormous bars with 27 televisions (and a high definition projector), purchased all new bar stools, new lounge sofas and chairs and also added onto the fantastic sound system which includes a DJ booth and computer controlled lighting system. He also added a liquor pour control system to keep track of the sales and inventory of every liquor poured.
The business has a healthy early evening eating/drinking crowd and later in the evening turns into a club with DJ music, dancing, bottle service and a VIP area. The bottle service has picked up to such an extent that it has now expanded out of the VIP lounge area to other seating areas of the club.
There is a cash cover charge on certain evenings to enter the club.
The owner doesn't feel like he can take the club to the next level given his other business obligations.

Listing Details

  • Price: $596,750
  • Down Payment: $446,750
  • Sellers Discretionary Earnings: $0
  • Total Sales: $1,710,385
  • Location: Philadelphia County, Pennsylvania

  • Inventory: $0
  • FF&E: $1,500,000
  • Employees:
  • Reason for Selling: Other Business Ventures
  • Category: Liquor Related Biz
What Could YOU Make With a $2MM a Year Bar and Club?

Business Listed By:

Richard Collins