Description

Our firm offers, for your ownership consideration, a lively LGBT drag bar featuring DJs, dancing, drag shows, karaoke and theme nights under club lighting. When the Fort Worth community announced that a large, trendy gay nightclub was planning to open in June 2009, excitement was evident, as very few gay nightclubs or bars existed in the city at that time. This club has a world famous history including a documentary film. The location has become a popular and busy nightclub and a destination bar for out of town and international visitors (like the FW Stockyards).
The location is popular for private events such as bachelorettes and birthday parties. The large outdoor patio is flexible offering food (eg bbq, smoker) and space options. The business day to day operations are overseen by the experienced general manager. The owner plans and oversees the promotional and event schedule (averages 15-20 hrs/wk). Many growth opportunities exist for a new owner especially through better promotion to both the LGBT and straight communities. The owner also feels that cosmetic updates will also improve the business (eg painting, bar facelift, …) estimated at $5,000-20,000.
The asking price for the assets of the business is $175,000 ALL CASH OR $200,000 with $100,000 cash down plus $100,000 seller financing to purchaser qualified/approved by the seller. The seller prefers ALL-CASH. The assets include inventory at cost of $6,500 and FFE (Furniture, Fixtures and Equipment) valued at $10,000.

Posted Sep 10, 2016

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