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Landmark South Bay Nightclub

Santa Clara, California : Restaurants
Listing #2827

Landmark South Bay Nightclub RRC#: 2827 Asking Price: $700,000 Location: Santa Clara County, Santa Clara County, California Yearly Revenue: $571,560 Yearly Cash Flow: $45,144 Monthly Rent: $10,579 + $2619 NNN LISTING DESCRIPTION: This well known South Bay nightclub has been providing entertainment, dancing and good times for over forty years. The current owner has completed renovating it with a new dance floor, plumbing and electrical systems, a new bar, a walk in fridge, new beer lines, air conditioning and a state of the art sound system. Featuring both live music and DJ's, it caters to the 21 to 35 year old crowd. It can accommodate 200 customers. It's also a venue for private parties, reunions and special events. A new lease is available. This is an opportunity to own a South Bay Area landmark with considerable upside. GENERAL INFORMATION: Organization: Sole Proprietorship | Year Established: 1972 | Current Owner: 2012 | Employees: Employees: Part Time: 10 Owners: Full Time: 1 | Seating: 200 | Square Footage: 3045 | Parking: Parking lot | Licenses Required: ABC type 48, Health permit, BOE | Days Open/Hours: Thurs - 8:00 - 2:00am Fri & Sat - 7:00 to 2:00am Sun - Wed - Private parties & special events | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $571,560 | Yearly Cash Flow: $45,144 | LEASE INFORMATION: Monthly Rent: $10,579 + $2619 NNN | Lease Expiration: 2/28/22 | Yearly Adjustment: 3% annually @ March 1st | Lease Option: (1) 5yr | Security Deposit: 9,135 |

Asking Price:

$700,000

Gross Income:

$571,560

(last 12 months)
Cash Flow:

$45,144

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Landmark South Bay Nightclub

RRC#: 2827
Asking Price: $700,000
Location: Santa Clara County, Santa Clara County, California
Yearly Revenue: $571,560
Yearly Cash Flow: $45,144
Monthly Rent: $10,579 + $2619 NNN

LISTING DESCRIPTION:
This well known South Bay nightclub has been providing entertainment, dancing and good times for over forty years. The current owner has completed renovating it with a new dance floor, plumbing and electrical systems, a new bar, a walk in fridge, new beer lines, air conditioning and a state of the art sound system. Featuring both live music and DJ's, it caters to the 21 to 35 year old crowd. It can accommodate 200 customers. It's also a venue for private parties, reunions and special events. A new lease is available. This is an opportunity to own a South Bay Area landmark with considerable upside.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1972 | Current Owner: 2012 | Employees: Employees: Part Time: 10 Owners: Full Time: 1 | Seating: 200 | Square Footage: 3045 | Parking: Parking lot | Licenses Required: ABC type 48, Health permit, BOE | Days Open/Hours: Thurs - 8:00 - 2:00am Fri & Sat - 7:00 to 2:00am Sun - Wed - Private parties & special events | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $571,560 | Yearly Cash Flow: $45,144 |

LEASE INFORMATION:
Monthly Rent: $10,579 + $2619 NNN | Lease Expiration: 2/28/22 | Yearly Adjustment: 3% annually @ March 1st | Lease Option: (1) 5yr | Security Deposit: 9,135 |


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