Real Estate + Nightclub/Bar/Restaurant with Type 47

Selling Restaurants is proud to present the huge potential piece of real estate and club. I would call this a diamond in the rough. The seller states 90% of the revenue is from Liquor sales (No Food Sale % Required). The facility includes a Dance Permit and an Annual Dance permit which is rare, but a valuable license which allows the owner to legally charge and keep the cover charge for entry into the nightclub. You can imagine the revenue for the owner from just cover charges. The facility also currently has a Type 47 liquor license and Entertainment Permit. The seller states that there is not another Type 47 liquor license within a 5 mile radius. The new owner must apply for a new entertainment permit, but all the hard work of city and police reviews have been done for the buyer. There's a Dj System With Speakers, Karaoke Stereo System With Speakers, Stage And Dance Floor With Entertainment And Dance Permit, Dining Area, Two Bar Stations With Beer Coolers, Refrigerators, Large Liquor Counters, and a Full Service Kitchen in the back. The owner has done very little with this full service facility. The facility itself is in great shape and has been well kept with all proper maintenance. The seller has stated that the facility falls within the redevelopment zoning area for the city which can potentially qualify the owner for up to $250,000 towards free renovations. The buyer should look into this more if interested. The facility could be renovated for a modern feel but locals love the atmosphere it provides. The Real Estate is comprised of two lots side-by-side. The facility resides on one and the private parking lot upon the other. A capitalization rate of 6% was used to value the Real Estate at $2,880,000 and add the equipment and the liquor license and this is a great price for a rare property. Possible Gross Monthly rents could be $14,200 for an investor. Seller is retiring. You have to visit this nightclub/restaurant and property today because this won't last. Take the next step and go to sellingrestaurants and select one of the bright orange buttons below the listing. Then select the "New registration" Button. When you register, you get the name and address right on-line - no paper or faxes - you'll also get priority notification of our new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.

Demographics

Population	1-mi.	3-mi.	5-mi
2014 Total Population	32,243	145,089	508,443
Households	1-mi.	3-mi.	5-mi
2010 Number Of Households	11,027	43,828	140,027
2010 Persons Per Household	2.89	3.25	3.58
Median House Value	$418,600	$414,840	$374,178
Income Per Household	$69,375	$67,024	$59,467
Businesses	1-mi.	3-mi.	5-mi
2009 Number Of Businesses	566	2,660	9,019
2012 Number Of Employees	19,758	77,700	246,806
2012 Total Annual Payroll	$376,356,000	$1,521,403,000	$4,294,967,295

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