Posting Details

Nightclub For Sale - Santa Clara County

Landmark South Bay Nightclub

RRC#: 2827
Asking Price: $650,000
Location: Santa Clara County, Santa Clara County, California
Yearly Revenue: $571,560
Yearly Cash Flow: $45,144
Monthly Rent: $10,579 + $2619 NNN

LISTING DESCRIPTION:
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.

GENERAL INFORMATION:
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 |

FINANCIAL INFORMATION:
Yearly Revenues: $571,560 | Yearly Cash Flow: $45,144 |

LEASE INFORMATION:
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 |
The listing # 236580 Nightclub - Santa Clara County below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Nightclub in Santa Clara County please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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