Urban Nightclub; Profitable and Popular for Decades

Listing ID:
FTONCAN001-N61

Confidential, New Brunswick, Canada

Accommodation and Food Services

Listing Status: Active

Sunbelt of Fredericton

Phone: 1-866-766-1566

Description

Considered the “number 1 party spot” in an urban center with a university close-by, the nightclub is established, profitable and top-of-mind among patrons. Well-run with proven operating systems and well-trained staff in place, this business can be handily managed by an owner/ operator. Recent renovations and consistently upgraded equipment, make this business turnkey with opportunity for a straightforward transition. In leased premises, recognized for its weekly specials, events and music and the club has a 30-year history strong cash flows. Seller will assist with financing.

Financials

Asking Price:$950,000
Revenue:$863,000
Cash Flow:$250,000
Downpayment: ON REQUEST
Monthly Payroll: ON REQUEST
FF&E Asking Price:$50,000 (Included in Asking Price)
Inventory Asking Price: N/A (Included in Asking Price)
Financing Available?Yes

Property

Type:Leased
Building Size:N/A

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:1987
Year Acquired:2008
Full-Time Employees:N/A
Part-Time Employees:N/A
Reason For Sale:Moving to New Venture