Business Summary:
Excellent opportunity to own a fully equipped 6,100 sq ft facility, recently renovated with an elegant décor and chic accent design. The main area includes a martini bar, full kitchen, all new equipment, and lounge area with small stage and 225 seating capacity. It currently operates as a Comedy Club but can easily be fitted for a GoGo Lounge or Restaurant/Bar. Located in a prime location in a popular summer resort town, the property also includes a separate three story, 2,700 sq. ft. apartment building with seasonal rent potential up to $35,000.
Financials represent potential revenue and cash flow operating as an existing GoGo lounge in seasonal locations. Price includes the property, C liquor license, and all the equipment valued at $150,000. After 50 years in business, owner wants to retire to Florida. Seller financing for qualified buyers.
Property is offered at $$1,250,000 with a down payment of only $5000,000 and the owner will finance the $499,000 balance over three years. Property is a must see to fully understand the potential and how easily it can be converted to a profitable concept.
For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.
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