Established Bar & Nightclub with Multiple Licenses in Philadelphia

This is a well-established bar and nightclub located in Philadelphia, Pennsylvania, with 20 years of successful operation. The business boasts an impressive array of licenses, including a highly sought-after liquor license, entertainment license, R liquor license, hookah license, and a rare cabaret license, of which only 17 exist in Philadelphia. The liquor license alone is valued at $250,000. The establishment operates seven days a week and features a recently converted dance area into an additional bar and lounge space. Significant recent investments of approximately $350,000 have been made in improvements, and 6 poker machines have been added. The property itself, spanning three floors and 6,400 square feet, is being sold separately for $500,000 directly from the owner. The owner is also open to considering a partnership. The business generates $840,000 in gross revenue and $250,000 in Seller's Discretionary Earnings (SDE). FF&E valued at $30,000 is included in the asking price of $1,100,000, while inventory valued at $6,000 is not included.