Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Newly Renovated Nightclub With Huge Capacity For Sale

Greater Toronto Area, Ontario
Asking Price:
$695,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
Under $50K (CAD)

Newly renovated Nightclub in Mississauga for sale over $1 Million dollars spent. Large capacity, great location and lots of parking. Existing management is willing to stay on during the transition or long term. A new 5 year lease (plus two more 5 year options) is in place at a very reasonable rate. All leaseholds and equipment are free and clear.

This is a perfect scenario to own a club where you can choose to work at the club or just let existing management run it and you as the owner can take an advisory role. All systems are currently in place to ensure zero theft.

Sale Price $695,000

Buyer will require a minimum down payment of $300,000
Seller will hold a VTB of $395,000

The sale price is based solely on the asset value and not EBITDA. The business currently breaks even. What ever revenues are in place at the time of the sale would be considered a bonus to a buyer.

Property Information

Real Estate:

Lease

Lease Terms:

4 Years + an additional 10 Year option = 14 Years

Leasehold Rent:

164424 + CAM's + HST per annum

Lease Rent:
$17 (CAD) per sq ft per annum
Location:

3 major Highways are within 2 to 5 minutes

Premises Details:

Newly renovated

Size in square feet:
10,000 with offices
Planning Consent:

Licensed as a nightclub with the city and has a clean liquor license

Business Operation

Expansion Potential:

No

Competition / Market:

Very little

Reasons for selling:

Owner is out of town with other business interests and no longer wants to be involved

Trading hours:

Saturday nights

Employees:
20
Years established:
1 year (15 years under previous name)

Other Information

Support & training:

Management willing to remain on.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

VTB 395,000

Furniture / Fixtures value:
$1,000,000 (CAD) - included in the asking price
Inventory / Stock value:
$30,000 (CAD) - included in the asking price
Home based:
This business can be run from home.

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here