Turnkey Opportunity: Miami Beach Bar/nightclub

Description

Nightclub business for sale near South Beach.

Asking price is $1.5M.

Annual gross revenue is approximately $650,000.

Monthly rent is $14,049.

The venue has a legal capacity of 254 guests.

A liquor license is included with the sale.

The business is permitted to operate until 5:00 AM.

There are five years remaining on the lease with an additional five-year option. The landlord is open to discussing terms with a new tenant.

The seller states that more than $1M has been invested in renovations.

The existing setup includes the main operating infrastructure, including sound systems and a grease trap.