A white background with a few lines on it
Premiere listening room for live Jazz, Blues and R&B
Peninsula

This profitable live entertainment venue is one of the few of its kind in the area. It has a capacity of over 200 guests, with both indoor and outdoor seating available. In addition to entertainment, it offers a full bar and menu. The current owner, working part-time, has achieved a seller's discretionary earnings (SDE) of over $200,000. A solid staff is in place to handle day-to-day operations, and with strong cash flow, there are still plenty of opportunities for expansion.

Listing Number:

23655

Category:

Bar/Liquor,Food - Restaurant,Leisure/Entertainment

Location:

Peninsula
$399,900

Financial Information:

Gross Revenue:

$1,327,612

Listed Price:

$399,900

Down Payment:

$0

Total Income:

$204,210

Year Established:

2021

Lease Information:

Square Feet:

5803

Total Rent:

$14,798

Lease Expiration:

N/A

Lease Options:

2 five year optins

Asset Information:

Leasehold Improvements:

$100,000

Equipment / Fixtures:

$80,000

Inventory:

$2,500

Other Assets:

N/A

Additional Information:

Full-Time Employees:

0

Part-Time Employees:

12

Special License Required:

Special Event Use Permit (goes with location), ABC License

Contract Staff:

1

Training Period:

2 WEEKS

Reason for Selling:

Retirement

Hello World

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:

By clicking the button, you agree to First Choice Business Broker Terms of Use and Privacy Notice

brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:

By clicking the button, you agree to First Choice Business Broker  Terms of Use and Privacy Notice

A red and white logo for first choice business brokers
Premiere listening room for live Jazz, Blues and R&B
Peninsula

Listing Number:

23655

Category:

Bar/Liquor,Food - Restaurant,Leisure/Entertainment

Location:

Peninsula

Listed Price:

$399,900
brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:
This profitable live entertainment venue is one of the few of its kind in the area. It has a capacity of over 200 guests, with both indoor and outdoor seating available. In addition to entertainment, it offers a full bar and menu. The current owner, working part-time, has achieved a seller's discretionary earnings (SDE) of over $200,000. A solid staff is in place to handle day-to-day operations, and with strong cash flow, there are still plenty of opportunities for expansion.

Financial Information

Gross Revenue:

$1,327,612

Listed Price:

$399,900

Down Payment:

$0

Total Income:

$204,210

Year Established:

2021

Lease Information

Square Feet:

5803

Total Rent:

$14,798

Lease Expiration:

N/A

Lease Options:

2 five year optins

Asset Information

Leasehold Improvements:

$100,000

Equipment / Fixtures:

$80,000

Inventory:

$2,500

Other Assets:

N/A

Additional Information

Full-Time Employees:

12

Part-Time Employees:

12

Special License Required:

Special Event Use Permit (goes with location), ABC License

Contract Staff:

1

Training Period:

2 WEEKS

Reason for Selling:

Retirement

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.

Share by: