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Impressive Bar And Lounge In Media City For Sale

Media City, Dubai
Asking Price:
$2,500,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1M - $5M (USD)
Cash Flow:
$500K - $2.5M (USD)

We are selling a very impressive bar/lounge/restaurant, located in a very prestigious location in Media City, Dubai.

Running for over 3 years, the business has very good ratings online, and is a gathering point for lunch, dinner and late night entertaining.

It has a license to operate from 11am until 3am, with full DJ/live music license and alcohol license.

The venue is extremely well fitted out, with a very modern and tasteful design and brand.

Presented over 10,000 sq ft of space, it is a chameleon style venue that morphs from restaurant, to lounge, to bar and through to a club like environment post midnight.

It boasts stunning views across the Dubai skyline and towards Dubai Marina and Palm Jumeirah - one of the best spots in the city for sundowners and special occasions.

It has a very loyal customer base who continue to write positive reviews online about it.

The customer profile is mid market, professional, mainly Western expatriates.

Property information

Real Estate:

Lease

Lease Terms:

3 years

Leasehold Rent:

$400,000 (USD) per annum

Location:

Prime Location

Size in square feet:
10,000

Business Operation

Expansion Potential:

Lots of expansion opportunities

Reasons for selling:

Non core to the owners business - requires funds in main business

Trading hours:

11am-3am

Employees:
25
Years established:
3

Other Information

Support & training:

Full support and training can be provided

Furniture / Fixtures value:
$2,000,000 (USD) - included in the asking price
Inventory / Stock value:
$50,000 (USD) - included in the asking price

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