Cash Cow- Rare to Market Large Nightclub/ Tavern
CROWN JEWEL NIGHTCLUB/ BAR/ BILLIARD/ LIVE ENTERTAINMENT CENTER IN DULUTH… FIRST TIME ON MARKET- SINCE ESTABLISHED 29 YRS AGO BY ORIGINAL OWNER… Located in prime Duluth, GA, with virtually no competition, owner has made his money, and now relocating to his waterfront home in SC- so time to sell… Well established in the area with large patron base, owner has not needed to spend a nickel advertising in years! Operation generates a consistent $90,000+ monthly receipts including a significant amount of cash, on EBITDA of approx $30,000+ mo… 10,000 sq ft. this is a LARGE operation with capacity of 439 customers! (3) managers; largely absentee owned (owner comes in about 1 hr each day to do typical office work). Billiard room/ foosball/ several massive bars. Income generated from COAM machines. ATM machine. Jukebox. Tobacco license & vending sales. HUGE stage for live bands on Friday & Saturday nite, w/ DJ. Robust food sales. 8 employees. Open seven days a week from 11am-2am. Average sales day $3000; with best sales day $7,000. Here’s your AVERAGE EXPENSES: Rent $7,500 mo incl water- and a new lease will be drafted to buyer’s satisfaction prior to closing/ gas $300 mo/ electric $2,200 mo/ grease service $50 mo/ phone & Internet $240 mo/ workman’s comp $1,500 mo/ GL insurance $1,100 mo/ wages $13,200 mo (base pay $2.13 hr + tips)/ food costs $4,800 mo/ liquor costs $4,100 mo/ beer kegs $4,200 mo… ADD’L INCOME STREAMS: live entertainment center generates an add’l $216,000 in annual receipts/ COAM $48,000 annual net/ ATM machine $8,400 annual net/ Lotto too… Impressive menu: surf & turf platters, pizza, salads & sides, jumbo wings, sandwiches, steaks, appetizers, etc… Zero debt, everything paid for. This is a full business sale- turn key, everything required to handoff the business remains in tact, incl staff & managers… This is private label- not a franchise- so you have freedom to expand your operations without restrictions. And there is SUBSTANTIAL upside to monthly sales receipts for that ambitious new owner who wishes to implement a smart social media marketing campaign, creative advertising, etc… Owner will generously deliver this business “as it stands today” with all equipment (FFE too of course)- and train you thoroughly, for a smooth hand off… This business is PRICED TO SELL- and can provide a sustainable, recession-free operation that can yield serious income for a lifetime of financial independence. No seller financing; no SBA. And the owner requires the buyer to have prior restaurant or tavern experience- or related retail experience… Business name/ exact location is confidential and only available to buyers that have signed an NDA (we will email to you).
