Headquartered in Central Florida, this ice bar is a unique event planning organization with a retail platform located in a prime tourist location. As a private venue, the company hosts events for Fortune 1000 and other corporate customers. Over the last four years, the cumulative revenue breakdown follows: 48% corporate / 52% bar.
· Prime location on International Drive, ½ mile from convention center
· Investment of $250K in priority triple redundant system to protect the ice (last 32-36 months) and reduce operating costs
· High capital investment creates barrier to entry
· Attractive lease rates obtained; approx. 50% under market
· Top 20 nightlife venue in Orlando as ranked by Trip Advisor
· Key management in place
· No long-term debt associated with the business
· Sophisticated corporate event offerings include in-house catering and access to audio-video equipment
· Focus on Fortune 1000 clients
· Two facilities comprising 7,400 sq. ft. in total are leased from a nonaffiliated third parties. The two facilities consist of the venue location and an office/warehouse location with 17-year lease options. Lease agreements can be negotiated in the event of a sale.
Shareholder/ Owner Objectives
· Two owners, approaching retirement and looking to exit the business. They are able to remain with the company after the sale for a reasonable amount of time to ensure the company's smooth transition into new ownership.
Asking Price Available On Request
You May Also Like
Fort Lauderdale Nightclub for Sale #406891 posted May 10, 2016
- Fort Lauderdale, Florida, United States
Nightclub With true 4AM License. Landmark well established ,well known night-club. Multiple Bars and Stages for entertainment, Huge dance floor, Lots of Sound Equipment. Well trained, longtime W-2 staff in place. Location can entertain multiple themes. 4COP liquor license included in price. Financing...
Spectacular Restaurant and Club #449011 posted Jul 7, 2016
- Sunrise, Florida, United States
Spectacular Second generation Restaurant/Lounge & Nightclub. 7700. +/- square feet of Prime Space. 2 Floors, This beauty has been remodeled. Full ample Kitchen. This is a musical venue nightclub with stage, DJ booths, state of the sound & lighting systems, dance floor, etc. It is located on a major...
2001 Nightclub Entertainment Complex #452743 posted Aug 30, 2016
- South Carolina, United States
Employees Are Not To Be Disturbed As Per Owner's Request And Are Not To Know Of The Sale. All Showings Must Be During The Day. Listing Agent To Accompany. 21,600 Sq. Ft. On 5.49 Acres. Have A Hot New Idea For The Area? At this inexpensive price, the building is less than $70 per sq. ft. You couldn't...
Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.