Nightclub and Lounge

Santa Barbara, CA (Santa Barbara County)

Seller Financing Available
Nightclub and Lounge
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Asking Price: $275,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: N/A

Nightclub and Lounge

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Business Description

OWNER FINANCING AVAILABLE!

Downtown night club with excellent customer base. Established and profitable for several years running.

Location is licensed for multiple bars, both indoor and outdoor, with a Type 48 ABC License (full liquor). Separate dance floors and DJ booths are perfect for private party reservations. Smaller groups can enjoy the private seating and VIP bottle service. Features a licensed patio and separate performance stage for live music and special events.

Incredible value. ABC license is valued at $245,000 on the open market. The strong asset value and established customer base makes this an excellent investment opportunity.

The business shows increasing gross revenues with absentee ownership, while operating solely in the evening hours. An on-site owner operator could implement special events, open earlier for happy hours or sports packages, and tighten the payroll expenses that come with off site management.

Please contact Compass First for additional details.

Detailed Information

Location:
Santa Barbara, CA
Facilities:
Multiple bars, both indoor and outdoor, Type 48 ABC License (full liquor). Separate dance floor and DJ booths. Licensed patio and separate performance stage for live music and special events.
Competition:
Incredible value - ABC license is valued at $245,000 on the open market.
Growth & Expansion:
An on-site owner operator could implement special events, open earlier for happy hours or sports packages, and tighten the payroll expenses that come with off site management.
Financing:
Owner Financing Available!
Business Website:
http://compassfirst.com/2017/07/nightclub-and-lounge/
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Matt Olufs

Business Listed By:
Matt Olufs

Compass First

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Ad#:1775316

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