Bar Nightclub Venue Live Music In Abilene For Sale

Business description

Bar, Nightclub Venue, Live Music – Asking $189,000. Large nightclub and bar in Abilene area equipped 2 years ago with brand new equipment throughout, including all bar, sound and lighting equipment, tvs, projectors, seating, tables, etc. This is the premiere live music venue in town and the home to all of the big acts that come through the area. Large national acts and big theme parties have been a huge hit and drawn a lot of local media attention for the venue. The live music and weekly D.J.s draw in huge crowds and add up to substantial cover fees at the door. The opportunity to own your own nightclub with a great revenue base does not come along very often. A hands-on owner could dramatically increase the sales and net profits. The current owner will train and provide ongoing support. This business has excellent records and the owner is motivated to sell. This is a great business at a great price of only $189,000, and if you are wanting to enter the bar business at an affordable price, this is your opportunity!

Property information

Real Estate:

Lease

Location:

This is a great location, with great visibility and accessibility. It is just over 15,000 square feet. Very reasonable long term lease, full scale lighting and audio.

Size in square feet:

15,000

Other information

Expansion potential:

Current owner is completely absentee, living in a different town, and relies heavily on well paid management. A new hands-on owner could alleviate these salaries, or cut back on hours to increase income. A new owner also needs to implement guerrilla marketing efforts with the local student body and organizations.

Competition / Market:

This is a well established bar, with the current owner working on over 3 years of ownership. They and one other bar are the major players in town.

Support & training:

Seller will train as needed

Reasons for selling:

Other business interests

Owner financing:

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

Financing available:

some seller financing available with qualified buyer

Furniture / Fixtures value:

$45,000 (included in the asking price)

Inventory / Stock value:

$1,800 (included in the asking price)