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. 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.
Country: | USA |
State or Province: | NY |
City: | New York |
Location Zip or Postal Code: | 10016 |
Title of Listing: | A VERY HOT NIGHTCLUB AND GORGEOUS EVENT SPACE IN NYC SEEKS EXPERIENCED AND PROVEN OPERATING PARTNER |
Year Established: | 2014 |
Number of Locations: | 1 |
Number of Seats: | Less than 50 |
Size: | 5455, Square Feet |
Number of Employees: | Less than 10 |
Hours of Operation: | Sun 11 PM to 4 AM (Nightclub is open for special events 7 days a week outside of normal business hours |
Reason for Selling: | OWNER HAS OTHER INTERESTS |
Training Provided: | Yes |
Asking Price: | $ 1,750,000 |
Gross Revenue: | $ 4,511,000 |
Gross Revenue Range: | $1,000,000+ |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
Total Monthly Rent: | $ 48,000 |