#970
This super hot club has been a Atlanta in-town landmark since day one. This very well established club has been a favorite destination for celebrities, athletes, tourists, locals and nights owls alike. This super hot location is in the heart of in-town Atlanta and surrounded by Buckhead, Midtown,Downtown and the Perimeter marketplace affording an amazing middle to hi income, hi density, tons of retail, restaurants, office hi rises, hotels, convention centers stadiums, concert halls, etc.
4,000/sf with capacity for almost 400 guests. Stunning state of the art build out and design came in originally at almost $2,000,000 with no expense sparred to create the hottest club Atlanta has ever seen. Recently the owners invested over $400,000 in a brand new renovation and upgrade in a constant attempt to stay fresh, exciting, alive and relevant. New upgrades include an all new state of the art sound and coordinated light system, upgraded HVAC and refrigeration. Club features include 45/ft spectacular one of a kind five station bar, six VIP sections, beautiful and clean bathrooms, 3-air purifiers pumping/cleaning out 6,000 cubic feet per minute, 6 station POS System, city permitted valet, unlimited parking, City of Atlanta nightclub license that does not require 50/50 mix, a NYC style bistro kitchen for light food prep, DJ booth, custom designed lighting fixtures, and a unique architectural designed award/acclaimed decor. Some other points include storage @ $100 (800 sq. foot/high ceiling), 4 management parking spots for $50 per month, and all staff can park for $25 per month.
Unbelievable below market rental rate on long term lease at only $7,000 per month that includes CAM, real estate insurance, real estate taxes, water and all extras. Yearly increases are three (3%) per cent per year. Electricity runs approximately $975 per month.
2010 had owners pulling out almost $200,000 with practically no marketing, advertising and or the use or promoters and after paying a GM $52,000, Bar Manager $20,000 and all staff and expenses. Previous years had owners pulling out up to $500,000 on weekly sales of $30,000. . A new hands on owner operator with a strong marketing and promotions plan could dramatically increase sales and profit.
Owners do not use promoters or go after new business which could open up a whole new world. Going after corporate business, private events, different promotions every night and targeting niche demographics would dramatically increase sales and profits.
Priced at $595,000 OBO with owner financing options available to qualified buyer.
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