Premier Adult Club in Major Market. Topless, with alcohol; 24 hour license. One of a kind operation due to its unique, grandfathered location. Competition present in total market, but again, its location is a serious, effective, and distinct advantage over its competitors. Zoned for 15 Table Top Slot Machines. Established ownership for over 15 Years. Partners are absentee and are retiring due to health and age.

3 Stages, 2 satellite podiums,2 full bars,full kitchen and coolers. Multiple offices, Dressing room for 100+ Dancers.

9000 SF Building, regularly inspected, up to code. 1.1 Acre Parking Lot. Leased: $13,400/month NNN, with 20 Years+ Remaining. Lease is seriously below market rates. (Comparables are at 3x+)

No violations.

Tax Returns upon following conditions:

BUYERS: Don't even waste your time (or mine!) unless you are

1. willing to sign a Confidentiality Agreement,

2. willing to speak directly to me,

3. and are able to provide proof of funds: VERIFIABLE Cash or Equivalent Assets of $3M for purchase downpayment.

BROKERS: 2.5% Fee to Selling Broker on total Sale Price. Don't even waste your time (or mine!)if your Buyer cannot or will not comply with 3 conditions above. I am not kidding.

Other information

Inventory / Stock value: $200,000 (included in the asking price)
Furniture / Fixtures value: $400,000 (included in the asking price)
Financing available: To be negotiated with suitable Buyer
Owner financing: Owner financing is available. Please contact the seller for more information.
Support & training: To be Negotiated with Purchaser

Business Operation

Years established: 15
Employees: >80
Trading hours: 24 Hours a day/7 days a week
Reasons for selling: Age and Health of Absentee Owners
Competition / Market: Stiff Competition but this location offers a unique advantage....
Expansion potential: Interior can be redesigned for more effective use...

Property information

Size in square feet: 9,000
Premises details: 9000 SF Building; well maintained; 1.1 Acre Parking
Location: Prime High Traffic Street; Major Tourist Zone
Lease terms: NNN
Real Estate: Lease
Cash flow:
Available on request
Available on request
Seller financial available: Yes
Work from home: N/A
Franchise: No
Year established: 15
Employees: >80
Date: Thu 20 Jan 2011

Listing Expired!

Category: Liquor Stores
Location: United States
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