Upscale Bar Club in Knoxville
Financial Details
Key Highlights
Description
This is an upscale, high-end bar club located in the prime area of Knoxville, known as 'the hot spot'. Established in 2021 by a husband-and-wife team, it offers a classy atmosphere for easy-going professionals to gather after work. The business has seen increasing revenues and net income, indicating strong growth. The sale includes equipment and fixtures valued at $38,000 and leasehold improvements worth $70,000. The lease is for 2053 sq ft with a monthly rent of $3,593 and expires in September 2027, with 2 three-year options. The business currently operates with 4 part-time employees and offers a 2-week training period. The owners are selling due to W2 employment commitments and the business requiring too much of their time.
Industry Information
- Industry Description:
- Bar/Liquor
- Classification:
- Entertainment & Recreation
Operational Snapshot
- Year Established:
- 2021
- Employees:
- 4
- Reason for Selling:
- Owners have W2 employment and limited time.
Real Estate & Lease
- Status:
- Leased
- Monthly Rent:
- $3,593 USD
- Lease Expiration:
- 2027
Assets & Inventory
- FF&E Value:
- $108,000 USD
- Includes FF&E:
- Yes
Broker Contact
- Name:
- Ciro 'Vic' Coppola
- Company:
- First Choice Business Brokers
- Phone:
- (702) 368-2500
Listing Details
- Listing ID:
- 6f02d35b-a0a6-4fa4-8d11-451df92fd056
- Source Listing ID:
- 23722
- Deal Status:
- Sold
- Last Updated:
- September 24, 2025
- Currency:
- USD