* Included in Asking Price
Landmark South Bay Nightclub
Asking Price: $700,000
Location: Santa Clara County, Santa Clara County, California
Yearly Revenue: $571,560
Yearly Cash Flow: $45,144
Monthly Rent: $10,579 + $2619 NNN
This well known South Bay nightclub has been providing entertainment, dancing and good times for over forty years. The current owner has completed renovating it with a new dance floor, plumbing and electrical systems, a new bar, a walk in fridge, new beer lines, air conditioning and a state of the art sound system. Featuring both live music and DJ's, it caters to the 21 to 35 year old crowd. It can accommodate 200 customers. It's also a venue for private parties, reunions and special events. A new lease is available. This is an opportunity to own a South Bay Area landmark with considerable upside.
Organization: Sole Proprietorship | Year Established: 1972 | Current Owner: 2012 | Employees: Employees: Part Time: 10 Owners: Full Time: 1 | Seating: 200 | Square Footage: 3045 | Parking: Parking lot | Licenses Required: ABC type 48, Health permit, BOE | Days Open/Hours: Thurs - 8:00 - 2:00am Fri & Sat - 7:00 to 2:00am Sun - Wed - Private parties & special events | Reason For Sale: Other Interests |
Yearly Revenues: $571,560 | Yearly Cash Flow: $45,144 |
Monthly Rent: $10,579 + $2619 NNN | Lease Expiration: 2/28/22 | Yearly Adjustment: 3% annually @ March 1st | Lease Option: (1) 5yr | Security Deposit: 9,135 |
Seller Reference #2827
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