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Established live music venue located in Uptown New Orleans


Principle Business Advisors presents this established local bar and music venue for sale. This space is 2200 sq. ft. plus it has an additional outdoor courtyard. The business has been in operation for 7 years. The current owners have agreed to subsidize a new owner's rent until the New Orleans bars are fully able to operate. The bar has maintained profitability without active owner involvement. The current operators believe that profitability could be significantly increased with active owner involvement and an elevated bar program.  This is an amazing opportunity to own a one-of-a-kind New Orleans music venue! The current owners are prepared to train a new owner with the necessary information to book talent for the venue. The real estate is not for sale; however, all furniture, fixtures and equipment is included. This includes but is not limited to: the mixing board, microphones, computers and the entire audio system, etc. 

Matterport Virtual Reality 3-D scan: https://my.matterport.com/show/?m=6WsoaVcwp8F

For serious inquiries, contact the listing broker, Joel Duran, CSMBB, at (504) 313-1038.  



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Background information

Reference:

NOLA-0007

Year established:

2013

Reason selling:

COVID-19

Finance

Sales:

$325,000

Profits:

$30,000

Operations

Employees:

Full-time: 3 Part-time: 13

FF&E:

$50,000

Inventory:

$2,000

Premises

Facility:

This space is 2,200 sq. ft. with an additional outdoor courtyard.

Square footage:

2200 sq. ft

Rent and lease terms:

The rent is $2,800 a month and this is a 5 year lease with an option to renew.

Location:

4920 Freret St. New Orleans, La 70115

Price and terms

Listed Price:

$100,000

Financing:

There is no financing is available. The seller's are looking for a cash buyer. The bar owner's will work with a buyer to cover rent until the bars are re-opened 100%.

Training:

The owner's will train a new buyer for 2 weeks and then be available by telephone as necessary.