Profitable Upscale Nightclub in Prime Location
Business Description
Proudly offered by Transworld Business Advisors of Cleveland-Metro / Akron / Canton, this beautiful Bar and Lounge with Entertainment plus an Outdoor Patio has produced steady and impressive growth for over 14 years, drawing in both locals and visitors alike. Discover a premier entertainment lounge with a captivating atmosphere and endless potential.
Unlock the potential of a thriving nightlife destination! This stunning lounge and entertainment venue features:
• Prime Location: Situated in Cleveland’s hottest entertainment district serving 1000’s of customers daily ensuring consistent patronage. This business can also boast many professional athletes as part of its customer base.
• Stylish Ambiance: Elegant design with modern décor, perfect for both intimate gatherings and larger events.
• Versatile Space: Accommodates a variety of functions, from live music performances to private parties and corporate events.
• Loyal Clientele: Established reputation with a solid base of repeat customers and a strong social media presence.
• Impressive Revenue: With an impressive annual revenue ranging from $1.8 to over $2.1million annually over the past three years with a strong SDE Sellers Discretionary Income of $720k to over $1million during the same period, driven by a loyal customer base, great location and effective marketing strategies.
This thriving bar and lounge is the perfect blend of atmosphere, entertainment and customer focused service making it a cornerstone of the local nightlife scene. With its prime location and loyal clientele, this business is well positioned for continued growth and success for years to come.
This beautiful Bar and Lounge with Entertainment plus an Outdoor Patio has produced steady and impressive growth for over 14 years. Discover a premier entertainment lounge with a captivating atmosphere and endless potential.
This is a unique opportunity to own a vibrant venue with endless possibilities for growth and innovation. Don’t miss out on making this dream opportunity your own!
*If you can see yourself owning this incredible opportunity, please contact Gary Sardon at 440-634-0747 or gsardon@tworld.com of TBA Metro Cleveland
to learn more and start your journey toward ownership of this incredible business.
Transworld Business Advisors Cleveland Metro / Akron / Canton
Unlock the potential of a thriving nightlife destination! This stunning lounge and entertainment venue features:
• Prime Location: Situated in Cleveland’s hottest entertainment district serving 1000’s of customers daily ensuring consistent patronage. This business can also boast many professional athletes as part of its customer base.
• Stylish Ambiance: Elegant design with modern décor, perfect for both intimate gatherings and larger events.
• Versatile Space: Accommodates a variety of functions, from live music performances to private parties and corporate events.
• Loyal Clientele: Established reputation with a solid base of repeat customers and a strong social media presence.
• Impressive Revenue: With an impressive annual revenue ranging from $1.8 to over $2.1million annually over the past three years with a strong SDE Sellers Discretionary Income of $720k to over $1million during the same period, driven by a loyal customer base, great location and effective marketing strategies.
This thriving bar and lounge is the perfect blend of atmosphere, entertainment and customer focused service making it a cornerstone of the local nightlife scene. With its prime location and loyal clientele, this business is well positioned for continued growth and success for years to come.
This beautiful Bar and Lounge with Entertainment plus an Outdoor Patio has produced steady and impressive growth for over 14 years. Discover a premier entertainment lounge with a captivating atmosphere and endless potential.
This is a unique opportunity to own a vibrant venue with endless possibilities for growth and innovation. Don’t miss out on making this dream opportunity your own!
*If you can see yourself owning this incredible opportunity, please contact Gary Sardon at 440-634-0747 or gsardon@tworld.com of TBA Metro Cleveland
to learn more and start your journey toward ownership of this incredible business.
Transworld Business Advisors Cleveland Metro / Akron / Canton
About the Business
- Years in Operation
- 15
- Employees
- 33
- Facilities & Assets
- Lease Terms Options: 2-5yr options
A vibrant Bar & Lounge in operation since 2010, presents itself as a premier destination within Cleveland's vibrant entertainment district. This establishment has carved its niche in the Drinking Places (Alcoholic Beverages) industry by offering an upscale lounge and entertainment experience that includes an outdoor patio and live entertainment. Over the years, this Bar & Lounge has produced over $2,000,000 in annual revenue in recent years, evidencing a stable and profitable operation. - Market Outlook / Competition
- What makes this business different?
This Bar & Lounge operates within a dynamic competitive landscape characterized by its unique positioning and industry recognition. Distinctly approved by major sports leagues such as the NBA and NFL as an entertainment venue, the establishment not only leverages this approval for marketing purposes but also to attract a high-profile clientele that includes professional athletes and local celebrities. This endorsement serves as a significant competitive advantage, setting it apart from other venues - Opportunities for Growth
- The outlook for the Drinking Places (Alcoholic Beverages) industry, and specifically for this Bar & Lounge, is optimistic. Anticipated investments in Cleveland’s entertainment district signal potential for increased foot traffic and customer spending. Opportunities for growth include expanding the menu, hosting more events, and strategic marketing to further boost revenue. The leadership's commitment to remaining engaged during a transition period ensures continuity and the leveraging of growth opportunities.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 13,000
- Rent
- $8,400.00 per month
- Lease Expiration
- 10/11/2034
About the Sale
- Seller Motivation
- Other Ventures
- Transition Support
- Number of Weeks Seller Will Offer Training: 4
Listing Info
- ID
- 2361635
- Listing Views
- 701
Listing ID: 2361635 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.
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