Nationally Recognized Multi-Use Facility with Real Property

Location: Birmingham Alabama

Financial Information
Asking: $190,000
Gross: $734,000
Cash Flow: $57,000
Inventory: $5,000
Furniture, Fixtures & Equipment:
$110,000
Real Estate: $330,000 (not included in asking price)
Real Estate sold through Brown Realty

Summary Description
Terrific opportunity to acquire a world class, nationally recognized, multi-use facility. You are able to be a restaurant, a nightclub, and a public and private entertainment and party facility. Enormous amounts of patio and outdoor seating in a city where weather permits almost year round utilization. Add in a huge parking lot and the ability to own the real property and this opportunity is a home run.

General Information
Facilities: Nationally recognized multi-use facility. Free standing building with large off street parking lot. Building is approximately 2600 square feet with a 1900 square foot covered patio as well as an open courtyard and a covered front porch area. In addition there is a large “back of house area” which could be converted to public use. This consists of indoor area as well as a large patio area. Building contains good size full service kitchen with walk in refrigeration, two separate dry storage rooms, and an office. Front of house area has a large full service bar, a dining area, large performance stage with professional grade sound and light system, and large men’s and women’s restrooms.
Competition: Unique multi use facility with the ability to own the real property. This business and property is located in one of the hottest entertainment areas in town. The potential business growth and escalation of property value is great.
Growth and Expansion: The facility is grossly underutilized. Hours could be increased. More of the facility could be utilized for public use. The business currently does virtually no marketing. Current ownership is on auto pilot and ready to go. The possibilities are unlimited with new dynamic ownership.
Financing: Negotiable
Support/Training:
Willing to do what’s necessary
Reason Selling: Other business interest
Year Established: 2006
Employees: 10