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First Class Lounge/Nite club in Central Illinois

Central Illinois, Illinois (Peoria County)

Retail - Bars/Taverns | Retail - Other Eating & Drinking Places

$Seller Financing Available

Asking Price $1,200,000 Inventory $4000** 
Gross Income Not Disclosed Real Estate $800,000* 
Cash Flow Not Disclosed Year Established 2001
FF&E $120,000* Employees 5 ft /5 pt

* included in the asking price

** not included in the asking price

SALE PENDING.....CALL FOR DETAILS.....This 'ADULT ENTERTAINMENT' business has been catering to an Executive based gentlemans club atmosphere. The owner is motivated to sell and move on to early retirement from his many businesses. The lounge can be remodeled and rearranged to meet new owners requirements. The fixtures/equipment are in EXCELLENT condition and the kitchen is ready-to-go. The owner will consider bartering for a partial payment...condo's, small hotels, commercial real estate or ? Call Dave Etnier, Business Broker to discuss....309-369-3126 cell

Facilities: The 8 year old business First Class turn key bar/restaurant includes a 7,200 ft sq lounge and a 4,400 ft sq garage. The fixtures/equipment included with the business are in excellent condition. Restaurant equipment included and ready to go for full meals or sandwiches. The business sets on a primary 2-lane state highway w/18,000 cars per day.

Competition: There are 3 other gentlemen clubs within this 400,000 population central Illinois community. This business carries a 2am liquor license...7 days/week

Growth/Expansion: The business could add breakfast, lunch and dinners to the schedule. Current owner operates as a lounge only. The facilility could also expand for more lounge area with the adjoining 4,400 garage. LOTS of potential with a creative operator.

Seller Financing Available: Yes

Financing: Owner will consider contract with strong buyer.

Support/Training: Owner will train and support/consult as required

Reason Selling: Early retirement

Business For Sale By

Dave Etnier

309-369-3126

Central Illinois Business Brokers

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