Purchase a popular and well-known premium club and restaurant that has room for capacity expansionThe Business
The Business is a premium nightclub and lounge located in the heart of downtown Portland. The building has almost 4,500 square feet and was renovated in 2004. The club boasts the only ‘dance floor’ in Portland. The nightclub also includes a premium restaurant and space for private events, parties and conferences. A rooftop deck could be added to the existing structure, which would increase the occupancy by an additional 50 persons and serve as another unique attraction.
Since the nightclub/bar market is highly fragmented, this Business could serve as the foundation for a roll up opportunity. Furthermore, this business could be the backbone of a nightlife/entertainment business and expand by opening other bars/restaurants/clubs.
Market
In 2010, the bar and nightclub industry in the United States generated approximately $18 billion in retail sales of alcoholic drinks. Consumer spending on services, an indicator of recreational activities like bars and nightclubs rose 1.9% in 2010 as compared to 2009 and this upward trend is expected to continue through 2016. The industry, in general, consists of small businesses, with few major operators and many are family owned and operated.
The price of the business, including the building, furnishings and fixtures is being offered for sale. The building could be sold separately.
Sector: HospitalitySegment: Night ClubRegion: North AmericaFinancing Size: $1m to $5mContact: Alexander Aginsky
Company: Aginsky ConsultingTelephone: +1 503 546 4049Email: [email protected]