Retail - Bars/Taverns | Services - Amusement & Recreation

$Seller Financing Available

Asking Price	$950,000	Inventory	40000*
Gross Income	Not Disclosed	Real Estate	$600,000*
Cash Flow	$69,000	Year Established	50+
FF&E	160000*	Employees	8 part-time

* included in the asking price

** not included in the asking price

This is a live music venue with a full bar that attracts talented artists on a national and international scale. The establishment caters to fans of all types of music. The world-class sound of the lounge and its friendly down to earth environment allow the fans to meet their favorite artists up close and personal before and after their performances. The owner loves his business and wants to see a motivated owner step in and continue to be successful. The owner is currently only open for 1 or 2 shows a week and does not open the doors apart from show times, leaving a tremendous amount of potential for a new owner to increase the number of shows and/or hours of operation. Extra income is easily available to any owner who wishes to work the bar. The sale INCLUDES the real estate which has apartments located above the business which bring in additional income. WE'RE HIRING: SEEKING EXPERIENCED BUSINESS PROFESSIONALS TO JOIN OUR VR SALES TEAM AS A BUSINESS INTERMEDIARY. PLEASE CALL: 262-347-2083.

Facilities: Building includes Bar/Lounge area plus apartments above the business which could bring in $25,000/yr in rent when fully occupied.

Competition: The music industry will continue to be strong in the future. When you book an artist, they bring their own following because they get paid a percentage of the ticket sales. The owner does some additional marketing efforts in order to get the music line-up out to the public. He currently uses newspaper ads, networking websites, and word-of-mouth.

Growth/Expansion: The owner only has time to run book 1 or 2 shows a week, a new owner could easily be open 4-5 nights a week. Daytime hours and non-show nights could also bring in additional revenues to a new owner.

Seller Financing Available: Yes

Financing: Owner will finance the sale of the business

Support/Training: Seller is confident they can train a new owner in a short period of time, but has decided to make themselves available to a new owner for as long as they need them. The seller will work up to 3 months for a new owner. The seller will be able to book a lot of shows in this period of time to increase revenue.

Reason Selling: Seller is retiring and wants to focus on spending time with family.