Hottest Spot In Downtown Orlando Bar For Sale

Business description

LOCATION..LOCATION...LOCATION...This business has it all....The
Seller has moved his previous nightclub business to one of the hottest
spots in downtown Orlando which gets a tremendous amount of walk-by
traffic. There are 10,000 customers in the area on any given weekend. All
bars in the area are thriving and have been around for over 10 years. The
facility is housed in a 2 story building almost finished with complete
renovation which opened in June with 300 to 400 customers coming in without any advertising.
Two custom made service bars are located upstairs with a complete circle walk around
overlooking the dance floor downstairs with even an elevator. A 25'
custom made wooden bar located downstairs with stage, dancefloor, and
seating. State of the art sound system, 7 flat screen tv's, high tech light
sytems, 6 POS systems for a turn-key operation. Take over the payments
of the full 4 COP license of $3,000 a month with a balance of $295,000.
General Manager in place, 3 Managers, Security and full staff all ready to go from his previous bar location with at
least 4 years of service with the Seller. The Seller has over $400,000 in
the business in tenant improvements and furniture, fixtures, and
equipment. Proven strong business model that emphasizes the proven
marketing techniques and price structure. This is a golden opportunity for
a new buyer to walk in and start making money from day one.

Property information

Real Estate:

Lease

Lease terms:

5 year lease in place up in 2016. Two 5 year options to renew.

Leasehold rent:

$16,000 monthly per annum

Location:

Prime street location. See summary.

Premises details:

7,300 SF 2 story club. The upstairs can be closed off during the week when the crowds are smaller, making the downstairs bar have more atmosphere being full.

Size in square feet:

7,300

Business Operation

Expansion potential:

The Seller has used a large promotional staff, multiple promotional
companies, has a presence on facebook which reaches 10,000 target
customers. All of the previous connections are being notified. Their promotional models have been proven
over the past 4 years to draw consistently big crowds. Block parties for
special events are huge in downtown Orlando and this facility is located
right in the middle of everything going on. A large outside patio could be permitted to draw more customers and
expand their seating.

Competition / Market:

The more bars and clubs in the area actually help sales because it draws more people downtown from other area of Orlando. There has been a surge of new businesses opening up in the downtown over the past few years which has helped boost all businesses in the area. The new Amway Center (blocks away) has also drawn huge crowds for special events.

Reasons for selling:

Seller has other personal interests.

Trading hours:

7 days a week. 8 pm to 3 am.

Employees:

4 full time and 15 part time

Years established:

6 mos. but open 1 month

Other information

Support & training:

The Seller will train for 60 days without compensation and also work as a consultant as a need be basis

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

With $300,000 down, the Seller will hold a note for $165,000 and the Buyer will take over financing on the full 4COP license of $3,000 a month with a balance of $295,000.

Furniture / Fixtures value:

$250,000 (included in the asking price)

Inventory / Stock value:

$10,000