Imagine owning Club Rio, a popular business offering live music and special events in Albuquerque that grosses more than $1 million per year with a limited schedule. The turnkey business enjoys a good reputation in an easily accessible venue with a long-term lease/option in place. The new owner will not be starting from ground zero! Ask for information regarding events and private parties already on the books for the remainder of the year.
The building has a flexible floor plan that can serve upwards of 1200 customers at a time and extensive parking. This business is yours to continue at its current level of activity or expand to a broader menu of public and private events. Price includes highly recognizable brand, strong online presence, and complete set of furniture, fixtures and equipment to allow you to step into the business tomorrow.
The event center was previously operated as a restaurant and special events venue and was open 7 days per week. All permits and restaurant requirements such as the hood, Ansul fire suppressant system, and large grease trap are in place. It would be easy to convert this space to a partial restaurant for lunch, dinner, and other special events.
Owner is willing to assist in the acquisition of liquor license purchase or lease, or new owner can easily obtain beer/wine license.
Business owner to sublet. Initial lease rate of $7,000 per month, Modified Gross.
Cash to owner or propose a trade of land or other assets. No owner financing available. Contact broker for more information.