business

CY0127F

NIGHTCLUB IN CYPRUS

 
Business Type: Nightclub
Location: Confidential, Confidential, CYPRUS  
Type of Tenure: Freehold
Business Reference: CY0127F
Asking Price: € 600.000
Annual Turnover €1.000.000
Gross Profit Margin 70%
Monthly Rent 3750
EBITDA Margin 20%
Stocks (at cost) €20.000 approx.
Reason for Sale Other Businesses
Accounts Available 2021 Unaudited
Years Established 20
Incorporated Business Limited Company
Car Parking 500 spots
Vendor Financing Negotiable
Full-time Employees 4
Part-time/Seasonal Employees 26
Internal Area 445 sq.m.
Internal Seating 700
Terrace Area 400 sq.m.
Terrace Seating 700
Plot Area 986 sq.m.
Basement Area 107 sq.m
 

Description

  • Note that the Price quoted is for the business only including all equipment, long-term lease and goodwill. However, the freehold property is also available for sale at a price of EURO 1,5Million.

This prime freehold property and Club is a well established night-life venue and brand since 2003 -  one of the most glamorous in Cyprus!

It is situated right in the heart of a prime tourist area surrounded by 5 star hotels and holiday apartments. Unlike most clubs, parking is no problem as there is free parking for up to 500 cars in a big parking-lot opposite the Club.

Most clients are permanent residents, Cypriots, British and many other nationalities who live permanently in Cyprus. However, in the Summer season, the Club also benefits from tourist & seasonal business. Finally, the Club is perfect for large private functions and parties, both in winter and in the summer.  Special events are organized throughout the year to attract different types of clients, eg guest dancers, singers, shows, themed nights. 

  • A photo album and links to social media pages is available for seriously interested investors.

The Club property is freehold and offered for sale together with the business or the property can be leased to the new club owner.  The Club premises were custom-designed and built on two plots (land area 986 sq. metres) resulting in a very attractive, spacious Club which is also easy to operate and maintain.  Half the plot is dedicated to the indoor/winter part of the Club and the other half operates as the outdoor/summer Club. Capacity of both indoor and outdoor premises is 700 persons each. 

The indoor part of the Club has a high ceiling over 10 meters high, balconies all around overlooking the central bar and dance floor, several semi-private seating areas, giant 96-inch LCD screen and four bars.  The ground floor also has a large kitchen for snacks and platters.  The high balconies surrounding the central atrium create a variety of private and semi-private areas with great views of the main area on the ground floor. Interior decoration theme is black and gold throughout, creating a luxury ambience.

The outdoor Club is surrounded by a 2,5m walls and trees/greenery for privacy, is landscaped, fully furnished and equipped to operate in the summer. It has three bars, outdoor sound system and lighting with special effects, a variety of seating arrangements and retractable fabric canopies.  Decoration theme is all white and light blue, creating a Mediterranean ambience.

The basement houses a large storage area and toilets.  

It is fully equipped with all equipment & facilities a luxury Club should have, valued at EUR 760.000:

  • AUDIO (state-of-the-art Pro Audio system)            
  • VISUAL (dynamic LED big screen for videos clips & presentations)            
  • LIGHTS (pro lighting & entertainment system)              
  • CLIMATE (fully controlled climate & ventilation system )            
  • SECURITY (CCTV – guard protection and crowd control officers)

Finally, the Club has all necessary licenses and permits required by Town Planning, Cyprus Tourism Organization, Health Department & Fire Regulations:

  • Disco license club A
  • Liqueur license
  • Music license
  • Operations license
  • Plenty of Parking

Current owner is willing to assist a buyer for as long as necessary in managing the business.

 

Photos

  • The present business is offered for sale by DealMasters.  Any information downloaded or printed is intended strictly for private use by you as a Registered User of our web-site; it may not be copied, published or distributed in any manner. 
  • You are advised that this is a confidential sale, therefore no direct approach to the business owners or business premises should be made and all viewings should be arranged through DealMasters. 
  • Prior to disclosure of the identity of the business and/or its owners, business financials and other operational details, interested parties will sign the standard Confidentiality Agreement, which can be downloaded here or sent to you by fax upon request.
  • We do not perform any due diligence on businesses for sale, business owners, or the information provided by them.  Such information is passed on by us without any guarantee or responsibility. Interested Buyers are strongly urged to perform thorough due diligence prior to acquiring a business
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