DESCRIPTION: Successful and popular nightclub and lounge located in Portland, Maine’s popular Old Port entertainment district. The venue offers a variety of musical formats throughout the week with multiple bars, large dance floor and up to date sound and light system.
MARKET & GROWTH: The venue has a large loyal clientele, appeals to a wide demographic and has enjoyed a strong position in a very competitive market. The Old Port is one of New England’s top nightlife entertainment districts and draws thousands of people every weekend. The venue can expand its hours, add additional promotions and theme nights and target a young audience with an all-ages chem-free night. A more extensive social networking marketing effort could be used to grow the business. The concept can be duplicated in other Maine markets.
FACILITIES: The 4000 sq’+ facility has a capacity over 250, is fully sprinkled and located in the desirable Old Port district. There are several bars, large dance floor and a modern sound and light show and the facility is kept cleaned and well-maintained.
PRICE OF BUSINESS: $200,000
SELLER FINANCING: $100,00
DOWN PAYMENT: $100,000
WORKING CAPITAL NEEDED: $25,000
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