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Listing ID: 2461318

A Very Hot Nightclub And Gorgeous Event Space In NYC Seeks Experienced And Proven Operating Partner For Sale

New York City, New York, United States

$ 1,750,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 4,511,000

Cash Flow: not disclosed

Business Description

Business Description:
THE NUMBER ONE NIGHTCLUB AND EVENT SPACE IN MANHATTAN SEEKS AN EXPERIENCED AND PROVEN OPERATOR TO TAKE CONTROL OF THE DAY TO DAY OPERATIONS.

Business has a very strong professional management team in place with an average of 15+ years of experience in the nightclub business.

Automated Inventory control systems that owner recently implemented shows accountability at an average of 98% in terms of inventory controls.

Owner spent the last 2 1/2 years building out the brand of the business and intellectual property and the club is packed with high-end clientele 4 nights per week.

Business has a database of over 50,000 clients and has a very established social media base.

Further, the events business has grown this past year by 140% and continues to be on a very positive trajectory.

Nightclub caters to a high-end clientele with its nightlife program and regularly includes celebrities and sports stars from the Jets, Giants, Knicks and Nets. Regularly featured in Page 6, New York Times, and OK Magazine.page2image15232 page2image15392 page2image15552
Competition is limited based on barriers to entry, including the fact that it is almost impossible to find spaces in NYC that even allow a nightclub business.

Further, this business has a grandfathered Cabaret License, Liquor License, 4AM approval for 7 nights/week and approval for brunch hours on Sat/Sun..

Stunning interior design and located in the most high end neighborhood in NYC in a building that has architectural significance.

Owner spared no expense with buildout and overall design of the space including sophisticated sound and lighting systems.

A TURNKEY OPPORTUNITY TO BECOME THE OPERATING PARTNER OF ONE OF THE HOTTEST NIGHTCLUBS AND EVENT SPACE IN NYC.


Historical Summary:
The location of this nightclub and event space has a legendary history as a top nightclub/music venue for the past 25 years.

The owner recently completed a top to bottom $4,000,000 dollar makeover of the space by a critically acclaimed designer.

Celebrities and sports stars that have appeared at the club just over the past few months include Rihanna, Heidi Klum, Victor Cruz, Drake, Odell Beckham Jr, Usain Bolt, Ronaldinho, George St. Pierre and many others.

Property Details

Years Established:

2014

Property Type:

Lease

FF&E:

$ 1,700,000

Inventory Value:

$ 75,000

Other Details

Business Location:

Monthly Rent: $ 48,000 Square Footage: 5455 Type of Location: Commercial Facilities: AN AMAZING CORNER LOCATION IN THE MIDST OF ALL OF THE DOWNTOWN ACTION IN NEW YORK CITY. THIS COULD NOT HAVE A BETTER LOCATION !

Competition:

EXTREMELY LIMITED AND DIMINISHING

Expansion Potential:

UNLIMITED

Operation Details

Employees:

Employees: 52 Managers: 3 Absentee Owner: No

Trading Hours:

Days & Hours of Operation: Sun 11 PM to 4 AM (Nightclub is open for special events 7 days a week outside of normal business hours Owner Hours: 24

Support & Training:

COMPLETE TRAINING AND SUPPORT

Miscellaneous

Financing Available:

Yes
NEGOTIABLE

Reason For Selling:

OWNER HAS OTHER INTERESTS

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