Premiere listening room for live Jazz, Blues and R&B

Asking Price$219,900

Cash Flow
$212,964
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,170,220

Inventory$2,500
Included in asking price
FF&E$80,000
Included in asking price
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Premiere listening room for live Jazz, Blues and R&B


Asking Price$219,900

Cash Flow
$212,964
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,170,220

Inventory$2,500
Included in asking price
FF&E$80,000
Included in asking price

Seller Financing Available
Business Description
This profitable live entertainment venue is one of the few of its kind in the area. It has a capacity of over 200 guests, with both indoor and outdoor seating available. In addition to entertainment, it offers a full bar and menu. The current owner, working part-time, has achieved a seller's discretionary earnings (SDE) of over $200,000. A solid staff is in place to handle day-to-day operations, and with strong cash flow, there are still plenty of opportunities for expansion.
About the Business
Years in Operation
4
Employees
12
Facilities & Assets
Capacity for over 200, outdoor seating, and 2 x 5 year options.
Market Outlook / Competition
Not a lot of competition for this sort of venue in the area
Opportunities for Growth
Increase capacity, diversify types of entertainment, increase revenue during the week.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
5,803
Rent
Not Disclosed
Lease Expiration
10/31/2026
About the Sale
Seller Motivation
Retirement
Transition Support
2 weeks
Financing Options
TBD
Listing Info
ID
2290421
Listing Views
3091

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Business Listed by: Tim Johnson First Choice Business Brokers of Hampton Roads

Listing ID: 2290421 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.