Description of the business for sale
This establishment has become an icon in the NW suburbs for 28 years. Inside has been completely remodeled with beautiful d cor and is now one of the premier night clubs and hot spots in town! Banquet center has handicap access and has been fully remodeled (5,000 sq. ft.) including bar and kitchen. Beautiful outdoor patio and tons of parking space!
GROWTH: NW Suburbs is the prime location for development in the Metro area. This business is located on the junction of 2 busy roads. The new Hwy I-610 bypass goes right by the property. Traffic headed North and West out of the Cities will have another access through the cities which will dramatically increase the drive-by traffic and will become as popular as I-94. An additional 3,700 new Condo/Townhomes are scheduled to be built in the next 3 years within just a few miles of this location. Life is good in this community!
COMPETITION: With its finger on the pulse of the Twin Cities music scene, this business just keeps getting more popular all the time. It has become one of the premier clubs for top Regional and National artists to perform with proper marketing of the full service banquet center downstairs, this business can well exceed $2M in revenues per year.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: $500,000 down.
• Inventory: $30,000.
• FF&E: $350,000.
• Real Estate: $2,000,000.
REASONS FOR SELLING: downsizing.
EMPLOYEES: Full-time / Part-time: 4 full-time / 10 part-time.
Description of the facilities
11,000+ sq ft on 2.3 acres