ONE OF THE HOTTEST NIGHTCLUBS AND EVENT SPACE IN NYC.- A TURNKEY OPPORTUNITY
(HOSPITALITY, NIGHTCLUBS, RESTAURANTS, EVENT SPACES)
MANHATTAN, NEW YORK
Listed Price: $ 1,950,000
Listing ID: XCNY333012
Listing DetailsGross Revenue: $ 4,511,000
FFE: $ 1,700,000 (Included in Price)
Inventory: $ 75,000 (Included in Price)
Form of Ownership: LLC
Reason for Sale:
OWNER HAS OTHER INTERESTS ( SEVERAL BUSINESSES )
Training & Support:
Complete support and training will be provided
Listing SummaryBusiness Description:
THE NUMBER ONE NIGHTCLUB AND EVENT SPACE IN MANHATTAN. Stunning interior design and located in the most high end neighborhood in NYC in a building that has architectural significance.
Nightclub caters to a high-end clientele with its nightlife program and regularly includes celebrities and sports stars from the Jets, Giants, Knicks and Nets. Regularly featured in Page 6, New York Times, OK Magazine and many others.
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.
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.
Competition is limited based on barriers to entry, including the fact that it is almost impossible to find spaces in NYC that even allow a nightclub business.
Further, this business has a grandfathered Cabaret License, Liquor License, 4AM approval for 7 nights/week and approval for brunch hours on Sat/Sun.
Owner spared no expense with buildout and overall design of the space including sophisticated sound and lighting systems.
TRULY A TURNKEY OPPORTUNITY TO OWN THE HOTTEST NIGHTCLUB AND EVENT SPACE .
Historical Summary:
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.
Owner Qualifications:
PRIOR NIGHTCLUB BUSINESS EXPERIENCE A PLUS
Competition:
LIMITED AND DIMINISHING
Potential Growth:
UNLIMITED
Financing/Terms:
NEGOTIABLE
LocationLease Security: 50885
Monthly Rent: $ 48,000
Square Footage: 5455
Type of Location: Commercial
Facilities:
LOCATED IN LOWER MANHATTAN
THE NUMBER ONE NIGHTCLUB AND EVENT SPACE IN MANHATTAN.
Stunning interior design and located in the most high end neighborhood in NYC in a building that has architectural significance.
OperationYear Established: 2014
Days & Hours of Operation: : Thurs - Sun 11 PM to 4 AM (Nightclub is open for special events 7 days a week outside of normal bu
Owner Hours: 24
Employees: 52
Managers: 3
Absentee Owner: No