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Accommodation & Food Services

Premier Nightclub And Video Lounge In South Florida

Fort Lauderdale, FL, USA
Listed 31 days ago
Established 2009

This premier facility consists of 6,875 sq. ft. total. With two main bars on the ground floor, one serving the dance floor, and the other in the lounge area. The loft bar upstairs has approx. 1,000 sq. ft. and overlooks the dance floor and stage. It has expansive ceilings with state-of-the-art lighting and one of the best sound and video systems in South Florida. An additional outdoor space adjacent to the original premises consisting of approx. 640 sq. ft. with an outdoor bar serving the patio and the dance floor.

Location

Located in a busy shopping mall with plenty of parking, in addition on street parking is available.

Employees

10

Lease Terms

Lease term until 2027 with a 5 year option

Real Estate

Lease

Trading Hours

Open Sun-Thurs until 2am, Fri-Sat until 3am

Leasehold Rent

$443,520 per annum

Management Type

This business is owner operated.

Premises Details

Includes FF&E, goodwill, and transferrable licenses for operation, including a 4-COP quota alcoholic beverage license, which has a current fair market value of $225,000.

Size In Square Feet

6,875

Reason for Selling

Retirement

Financials

Asking Price
$3.5M
RevenueMost Recent Year
$1M - $5M
EarningsLast Reported
Undisclosed
Assets ValueIncluded in Asking Price
$67K
Seller Financing
Not available

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