Bistro And Lounge In Boston For Sale

Description

Nightclub and lounge for sale in Boston. The approximately 3,700 sq. ft. venue combines nightlife, bottle service and late-night hospitality in a professionally designed space.

Financials

• Annual sales: approximately $2,100,000
• Reported cash flow: approximately $521,112
• Asking price: $1,499,000
• Seller financing available to qualified buyers

Buyers should confirm how the reported cash flow is calculated and review tax returns, POS reports and current-year financial statements.

Venue

• Approximately 3,700 sq. ft.
• Capacity: approximately 225 guests
• VIP tables and bottle service
• Dance floor
• Professional lighting system
• Sound system
• Street and municipal parking nearby

The seller reports that the equipment has been maintained and is currently in good operating condition.

Hours

The venue currently operates Thursday through Sunday from approximately 10 PM to 1 AM.

The limited weekly schedule may provide room for additional events or operating periods where permitted and commercially practical.

Lease

• Current lease term: approximately two years remaining
• Additional renewal options stated
• Base rent stated at $16,000 on a gross basis

Buyers should confirm the rent period, exactly which occupancy expenses are included, renewal-option terms and landlord requirements for assignment.

Liquor license

A full liquor license is represented as part of the transaction. Continued alcohol service will remain subject to applicable Boston and Massachusetts transfer, approval and licensing requirements.

Growth

• Add private and corporate events
• Increase VIP and bottle-service bookings
• Use additional operating days where permitted
• Develop branded nightlife events
• Increase digital and event marketing

Due diligence

Buyers should verify historical sales and cash flow, liquor revenue, bottle-service sales, labor and security costs, lease terms, equipment ownership, event deposits, inventory, insurance, entertainment permits and the condition of the sound and lighting systems before closing.