Strip Club / Adult Entertainment No Liquor Long Term Lease Available!

673 Strip Club
Asking Price:450,000 Gross Income:480,000 Cash Flow:240,000
EBITDA: FF&E:40,000 Inventory:2,000
Real Estate: Established:2001 Employees:9

Business Description

Seller wants to close by Halloween or sooner!

Premises is within a 90 minute halo of Los Angeles proper. This is an EXTREMELY confidential sale and the Owner is uber paranoid about the dancers catching any wind of the deal until after it is already closed. 25 girls, one manager, turnkey operation, 12-2am 7 days. No liquor sales, so revenue pie chart would be around 70% revenue share from the independent contractors and 30% door charges. Seller owns the building so is open to a 5+5+5 or something that is suitable and reasonable for this size investment by a Buyer. Cash bids only, no banks please. Seller will carry paper for the right Buyer and offer/structure/collateral. NDA is required and subsequent to receipt of Proof of Funds from the Buyer & positive interview with Rick Carlson of Ace Business Brokers this discriminating Seller will approve release of Company ID and the Buyer will be able to visit as a customer only!!

Additional Features

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
6/30/2022
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fully built out with couches, VIP area, DJ area, showers, restroom, awesome open layout, includes some vending machines and miscellaneous equipment.
Competition:
There are other clubs but the location of this venue destroys the competition.
Growth & Expansion:
Being there only part of the week is sub optimal. The business tends to perform better when there is the watchful eye over the Owner. Not to say that the manger doesn’t get the job done but certainly there are upticks in sales when the Owner has managed the venue directly for stretches when there has been a vacation, etc…
Financing:
$250k Down, $4k / Month for 50 Months at 0%!
Support & Training:
As needed. Full time manager will stay.
Reason for Selling:
Owns another club and 2 is 2 much. (ha).

Listing Inquiry