A VERY HOT NIGHTCLUB AND GORGEOUS EVENT SPACE IN NYC SEEKS EXPERIENCED AND PROVEN OPERATING PARTNER

New York, NY Restaurant for sale: THE NUMBER ONE NIGHTCLUB AND EVENT SPACE IN MANHATTAN SEEKS AN EXPERIENCED AND PROVEN OPERATOR TO TAKE CONTROL OF THE DAY TO DAY OPERATIONS.
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A VERY HOT NIGHTCLUB AND GORGEOUS EVENT SPACE IN NYC SEEKS EXPERIENCED AND PROVEN OPERATING PARTNER


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.



Location

Country:

USA

State or Province:

NY

City:

New York

Location Zip or Postal Code:

10016

Listing Information

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

Financial Details

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

Contact Listing Owner