Feb 29, 2020 — Opportunity to purchase a legacy Night Club located in a progressive Alberta City. Owners have decided after several years of ownership to move out of the country and to a new adventure.
New owners will inherit a Nightclub that has roots going back 30 years and a business that generates strong numbers year after year despite being open only 2 days per week. Add in that the owner closed and updated the premises for much of 2020 and buyers will be investing in a business with little leasehold improvements required over the next several years.
Interested buyers in this business would benefit greatly by extending business hours and being a more hands-on owner than the current owner who only works approx. 25 hours per week.
Owner is willing to look at all serious offers and may consider passive real estate trades.
Gross sale: 2019 Closed for renovations 2017 975,000 2018 873,000
Normalized Net Income: 2017 254,000 2018 223,000
Premise Size: 4000 SQ. FT.
Monthly Lease: 6,000 + GST Common Costs included.
More detailed information is available for interested parties once a buyer’s profile and NDA has been completed. Thank you.