Seeking Investors for Las Vegas Gentlemen's Club

[UnUnited]

Unique opportunity for the right individual. My Company Nitro Financial is seeing investors for an established Las Vegas Gentlemen's club that has Gaming and Tavern Licenses (a rare find to have together in Las Vegas). This club is distressed and in dire straits of new ownership. Although the advertising is targeted to Canadians that are interested in E2 Visa possibilities the project is not limited to only Canadians. I have top managers from other strip properties partnering with me and the right network of dancers and staff to turn this business around. I am too putting money into this project so my interest will be invested as well.

[Famemonster]

Do they investors get a piece of the slots? What kind of capital are you trying to raise? I have been in online gaming reviews for some time, the slots jumped out at me along with girls. My email is webmaster at fame-monster dot com. I would like to talk to you about this. Even if this is not for me I have friends that may be interested.

[DBS.US]

Are you guys part of Nitro Finance?

[UnUnited]

Slot revenue is shared right now with a Nevada slot route operator and the existing business owner which is common in Las Vegas. With the transfer of the licenses the revenue would be transferred to the new owners and allocated with the percentage and structure that the new ownership group has formed. The payout percentage we have found is decent when compared to other taverns we have researched. The slot route partnership is always negotiable and can change in the future. As for capital there are a couple scenarios that are available for this particular location, the business and licenses are for sale and are separate from the building they are grandfathered to. I've had quite a bit of interest in this today already and will be emailing people soon for further discussion and more details. As for being related to Nitro Finance we are not associated with that company. I seen on a quick Google check that they had some bad reviews. I recently formed Nitro Investments LLC specifically for our tavern and gaming endeavors, we're new but not established under this banner, However I have ran other reputable and successful business's in Las Vegas.

[BareBacked]

What are you valueing the business at and what is the current annual net income
slots
liquor
dances etc

[The Ghost]

Which club?

[JFK]

"the business and licenses are for sale and are separate from the building they are grandfathered to." So basically that is what you are buying , or selling partnerships in ? What guarantee do you have, that it is not sold to someone else, prior to you raising the necessary funds ?

[Biggy]

Originally Posted by UnUnited

Unique opportunity for the right individual. My Company Nitro Financial is seeing investors for an established Las Vegas Gentlemen's club that has Gaming and Tavern Licenses (a rare find to have together in Las Vegas). This club is distressed and in dire straits of new ownership. Although the advertising is targeted to Canadians that are interested in E2 Visa possibilities the project is not limited to only Canadians. I have top managers from other strip properties partnering with me and the right network of dancers and staff to turn this business around. I am too putting money into this project so my interest will be invested as well.

What's the total raise, and how much are you personally investing?

[RyuLion]

Nice opp for the right person..

[xXXtesy10]

Thank you sir. I will email you.

[JFK]

Originally Posted by RyuLion

Nice opp for the right person..

the place is in trouble

[JustDaveXxx]

Rough business!!

My buddy owns 3 strip clubs in LA and has had good opportunities to buy and build out strip clubs in Vegas.


What he told me was this: If you don't live in vegas and if one of the partners or owners does not have "Vegas" Strip Club experiences, you will get finically crushed.


Running a strip club anywhere else is not enough to make things happen in Vegas. Also having a lot of money and "no" Vegas Strip club experience isn't enough either.


My friend tells me that everyone he knows thinks running a Strip Club is easy, when in fact its very cut throat and very costly. He also told me that you will loose a lot of money before you make any money. So be finically prepared.


I laughed when he told me that. My response: "Everyone thinks they can shoot porn and do my job better than me."


Go figure.


Good luck to who ever jumps into this.


Just Dave

[UnUnited]

Here is more information to digest,

If the building and business were available to be separated off and sold I would be willing to put $1 million + of my own money into the location. However the sellers have not explored this option.

The business/licenses are listed at $375,000
Link: http://www.loopnet.com/xNet/MainSite...x?LID=18627372

The building is for sale for $3.9 Million dollars
Link: http://www.loopnet.com/Listing/18828...-Las-Vegas-NV/

Although it is listed at $3.9 million please note that this price is very negotiable, especially given the circumstances of the tenant and landlords relationship.

The strip club takes up 4800 sq/ft of 24700 sq/ft. so approximately 20% of the total building

20% of $3.9 million is $780.000

$780,000 + $375,000 = $1.15 million

With the limited information the business owner has given us and his unwillingness to share his books, low rough estimates from gaming revenue can be estimated at $7500 to $15,000 / week. We are factoring in $0 revenue off of the tavern and $0 revenue off of the dancers.

This is an ideal situation for a group looking to invest in a redevelopment area of Las Vegas that has a franchised drive thru looking to expand, Popeyes Chicken and Terrible Herbst have both undergone major renovations across the parking lot of this location. I can utilize the gentlemens club because of my current situation with my network of dancers and webcam models that I rent residential property too. When there is 50+ dancers a night that I know working at other clubs paying $50 to $100 a night house fee. I could spin a percentage of those dancers to work at this location for free and thus discounting their rental rates in order to pick up revenue on the machines.

This club isn't a Sapphires,Rhino, Crazy Horse 3 type of club that is dependent on paying cabs in order to bring customers into the location and has a huge overhead to operate. This is a locals club that has gaming and has a higher traffic count than any other club in Las Vegas.

The bottom line is that the slot machines are a source of income now that keeps the place afloat, Given the right management and ownership team there is huge upside potential for this location. The biggest problem that most gaming taverns have is drawing in customers, however when gaming and an adult cabaret are combined it can be extremely profitable.

[Famemonster]

Originally Posted by JFK

the place is in trouble

it has to be in trouble. Also if the investor is not there all the time even with camera's the will get shit stolen. I just care about the slots personally as long as there is a liquor license.

[pr0phet]

Club Paradise?

[pr0phet]

The library?

[money biz]

you know your in trouble when the slots are the main source of income for a stripclub.

[XMaster]

Slot machine or Slut machine? I'm cconfused!

[NaughtyRob]

Oh shit, I know where it is.... Rancho, near the 95 freeway.

[AaronM]

Larry's Villa is a shitty dive bar in a shady part of town.

[~Ray]

Larry's ...

[mineistaken]

Originally Posted by money biz

you know your in trouble when the slots are the main source of income for a stripclub.

Maybe it is more of a casino with strip poles as a side

[Theo]

Why is he unwilling to share financial info if you are looking to buy it and he is willing to sell it?

[Barry-xlovecam]

Making Investments from GFY posts

Do I need to register with the Securities Division?

If you are raising capital for your business, you should assume that you need to register your offering with the Securities Division unless you have an exemption from securities registration. (See NRS 90.460.) This is also true at the federal level as well. You need to consider both federal and state registration requirements when you are thinking of raising investment capital.

When you register an offering, you are "going public" with important information about your company. This information is not only important to the initial investor, but to any subsequent purchaser of the security when it is traded or resold.

Do I have to be licensed to sell securities?

It is one thing for the company to have a securities offering properly registered or exempt, it is another thing for the person offering or selling the securities to be properly licensed. Securities laws require a person to be licensed or exempt before engaging in the offer or sale of a security.
(LICENSING INFORMATION)

http://nvsos.gov/index.aspx?page=188

You need a license to sell (broker) someone's business in the state of Nevada. You need a securities registration to offer stock or partnerships to the public in the United States (see SEC Act http://www.sec.gov/about/laws.shtml)

People with serious money to invest know this ...

[pr0phet]

Would be better investment to put 250k on red

[pornlaw]

+1 to what Barry just posted... if it seems to good to be true...

Caveat Emptor...

[Famemonster]

Originally Posted by NaughtyRob

Oh shit, I know where it is.... Rancho, near the 95 freeway.

Is that where all of those brothels are?

[TheSquealer]

1) Never invest in strangers
2) Never invest in things you know nothing about
3) Never invest in things you have no control over

Anyone that gives a random dipshit money to invest in a notoriously rough and difficult business which was found through a forum thread on a porn forum deserves to lose every cent you "invest". And you will lose it. It's not a question of "if"... simply "when".

[xavi]

not the best part to offer this, just saying

[UnUnited]

I?m aware of the securities laws and my lawyer and myself are working to create a structure that satisfies investor, start-up, and regulatory interests. However there are some exceptions to where a company can be exempt and I feel that where this deal is at right now and the complexity of the sellers , licensing , etc. that all options should be explored.I?ll admit i?m not a professional when it comes to partnerships such as this, but no money would be exchanged without the proper set up put in place before hand to satisfy both parties. I?m trying to get creative in gaining control of this club because I see value in it and can utilize it. There?s a million ways that this deal could go and of course there is risk as there is in any business. However if I didn't advertise this anywhere how could anyone ever know about it. If someone wanted to buy the building and business and lease it back to me I?d entertain that as well. Maybe one of the people here who think?s its such a horrible deal should take a run at buying it and lease it back to me , I?ll sign a personal guarantee attached to the lease and you can wipe me out lol. As for any indication that this is a scam and that some ?random dipshit? is taking your money, that is entirely your opinion and you are welcome to it. I tried to negotiate a lease and purchase the business licenses already however the sellers can not come to an agreement on anything making this an extremely complex quandary, thus why I am looking for investors or someone to come in over the top to please both parties and take them both out at the same time and that can see the value in the licenses as well. As for advertising or talking in a porn forum I don't think it?s that far fetched to put a quick post up about a strip club business that is for sale in an adult business related forum.

[AaronM]

Shooting at Larry's Villa December 14, 2013
http://www.reviewjournal.com/news/po...villa-shooting

Shooting at Larry's Villa June 26, 2013
http://www.reviewjournal.com/news/cr...gas-strip-club

Shots fired at Larry's Villa April 3, 2013
http://www.jrn.com/ktnv/news/201214631.html

I'd be selling the place too.

I actually stepped foot in this place, once....

[UnUnited]

Here's a link to another news article describing the situation too

http://www.vegasinc.com/news/2014/ma...ess-club-sale/

I've sat down with the city councilman Ricki Barlow to see if the city ultimately wanted to shut down the club because of all the events that had occurred , They were super cool and invited me to the mayors office and were more then accommodating in taking time to discuss the location with me. They said they'd like the business to stay active however they would like to see it get cleaned up and the new owners work with the city on redeveloping Bonanza. One of their concerns was that the new owners were clean people with no criminal records. My feeling after the meeting is that a lot of business applications are thrown out because of that reason.

[TheSquealer]

Originally Posted by UnUnited

I?m aware of the securities laws and my lawyer and myself are working to create a structure that satisfies investor, start-up, and regulatory interests. However there are some exceptions to where a company can be exempt and I feel that where this deal is at right now and the complexity of the sellers , licensing , etc. that all options should be explored.I?ll admit i?m not a professional when it comes to partnerships such as this, but no money would be exchanged without the proper set up put in place before hand to satisfy both parties. I?m trying to get creative in gaining control of this club because I see value in it and can utilize it. There?s a million ways that this deal could go and of course there is risk as there is in any business. However if I didn't advertise this anywhere how could anyone ever know about it. If someone wanted to buy the building and business and lease it back to me I?d entertain that as well. Maybe one of the people here who think?s its such a horrible deal should take a run at buying it and lease it back to me , I?ll sign a personal guarantee attached to the lease and you can wipe me out lol. As for any indication that this is a scam and that some ?random dipshit? is taking your money, that is entirely your opinion and you are welcome to it. I tried to negotiate a lease and purchase the business licenses already however the sellers can not come to an agreement on anything making this an extremely complex quandary, thus why I am looking for investors or someone to come in over the top to please both parties and take them both out at the same time and that can see the value in the licenses as well. As for advertising or talking in a porn forum I don't think it?s that far fetched to put a quick post up about a strip club business that is for sale in an adult business related forum.

I'm sorry for being mean. But really, its never a good idea for anyone to invest in things that they know nothing about. That's simply Basic Investing 101. Secondly, you invest in "people", not "business". So without a strong person with strong experience and a proven track record at the center of this, there is no rational investor to be found.

Why would anyone buy something and lease it to you? That means having faith in your ability to run it successfully. Do you have an incredibly strong track record of running strip clubs well?

If you did, you wouldn't be here trying to solicit money from random strangers... you'd have people who knew you, wanting to back you. Thats what solid business people do. They identify people who have their shit together and who make money and they try to get in business with them.

It's understandable to be excited about "opportunity"... but that excitement is almost always rooted in naivete' and inexperience and wanting to believe, rather than actually having a strong mind for identifying under valued companies, a strong talent for hiring well and a strong talent for turning money into more money.

You being a guarantor means very little ... as with any agreement, it is only worth ones willingness to enforce it and sue you. And suing and winning a judgement are not the same as actually collecting as 98% of lawsuit winners well know. So again, the only guarantee is cash or assets and if you had that and believed in yourself and in this "opportunity", you'd not be here either.

[JA$ON]

Its all the ay out on Bonanza? How far east is that?

Its nowhere her the strip, right?

[UnUnited]

Your quick to judge that I don?t have any business experience and that I will be unsuccessful. Just a quick FYI about me, I?m 31 years old and have a real estate and business portfolio that allows me enough cash flow and assets that I could easily retire and live extremely comfortable for the rest of my life. However the fact that I?ve established myself so early in life has led me on to seek more challenging business endeavors. I welcome you or anyone for that matter to come to Las Vegas and meet me. I can introduce you to who I have lined up to manage and work in this club. It consists of some of the top managers in the nightlife and hospitality business, that are ready to come work for me at the drop of hat.

As for the opportunity this is not the only place I?ve advertised and engaged in conversation about this. I?ve had interest from numerous people and i'm in discussion with multiple parties.

This building and business is on track to become the typical Las Vegas abandoned commercial property with boarded up windows and nothing happening for the next 20 years. However there isn't a lot of abandoned commercial properties in Las Vegas that allow you to have 15 slot machines that yield great returns because of grandfathered zoning.

I have no interest in purchasing the whole building because it makes no sense for me to utilize the whole building, To the right investor that's looking to add to their portfolio a commercial property with a decent cap rate then yes it makes sense. I know im the missing link for this property to be sold. I want the licenses and to control them because i?m 100% confident that I can do a better job then is being done now because even what is being done now is keeping the business afloat , And i?m willing to put my money where my mouth is.

[DBS.US]

Make it rain,,

[NaughtyRob]

Me too...once.

Originally Posted by AaronM

Shooting at Larry's Villa December 14, 2013
http://www.reviewjournal.com/news/po...villa-shooting

Shooting at Larry's Villa June 26, 2013
http://www.reviewjournal.com/news/cr...gas-strip-club

Shots fired at Larry's Villa April 3, 2013
http://www.jrn.com/ktnv/news/201214631.html

I'd be selling the place too.

I actually stepped foot in this place, once....

[NaughtyRob]

No. Bonanza... actually is what I meant, not Rancho. Near the 95 freeway, not far from where the 95 and 15 meet (near Downtown Las Vegas) not near the strip.

Originally Posted by Famemonster

Is that where all of those brothels are?

[Robbie]

Originally Posted by Famemonster

Is that where all of those brothels are?

There are no brothels in Las Vegas...or anywhere in Clark County.

There SHOULD be..but a long time ago the casino owners pushed a law through up in Carson City to make sure that any county that has a certain population can not have a brothel.

They wanted to keep the people inside the casinos gambling.

I'm thinking the smartest thing that this city could do would be to rescind that stupid law. People come to "Sin City" looking for things they can't do at home.

Used to be you couldn't gamble anywhere else. Now, every state has an Indian Reservation with a casino on it...and nationwide online gambling is coming.

Right now all that we have here in Vegas are overpriced drinks and restaurants.
They've gotten away with that bullshit the last few years...but I think people are getting tired of paying $12 for a well-brand cocktail in this town.

But get the legal brothels back in Clark County (including Vegas) and THEN we have something that everyone wants but can't get anywhere else in the country.

Of course it won't happen. This town's residents are so fucking prudish and conservative. They don't care about the strip or tourists (though that is absolutely suicidal not to).

[vegasbobby]

let me back up my man here. I'm a realtor in Las Vegas.what's good about that location is, it's not in a industrial area. It's surrounded by other businesses and a lot of homes, and condos. if you wanted a strip club with a high visibility. Around other businesses that's a pretty good location. And you're getting grandfathered in a license that really is only available for industrial areas. from that club all the way up to Summerland. I don't think there is another strip club. You should get a shot at all of those customers. f you need any help buying the club. Let me know. And also if you want to do a big social media campaign. I have a youtube studio. And also do a lot of video. Commercial

[RyuLion]

Originally Posted by JFK

the place is in trouble

Never mind then..

[Atticus]

Originally Posted by vegasbobby

let me back up my man here. I'm a realtor in Las Vegas.what's good about that location is, it's not in a industrial area. It's surrounded by other businesses and a lot of homes, and condos. if you wanted a strip club with a high visibility. Around other businesses that's a pretty good location. And you're getting grandfathered in a license that really is only available for industrial areas. from that club all the way up to Summerland. I don't think there is another strip club. You should get a shot at all of those customers. f you need any help buying the club. Let me know. And also if you want to do a big social media campaign. I have a youtube studio. And also do a lot of video. Commercial

You're a realtor in Las Vegas and you're calling Summerlin Summerland? Please tell me that's auto correct at work. :help me

And Larry's is in a god awful location but thats a whole other post.