
-
1989 June 01
Company Description
OG-Vegas have the opportunity to purchase the existing assets of the OG Vegas Gentlemen’s Club in Las Vegas Nevada.
OG-Vegas have the opportunity to purchase the existing assets of the OG Vegas Gentlemen’s Club in Las Vegas Nevada. This iconic Club has been in existence since 1989 and been profitable ever since. The OG was one of the original seven gentlemen’s clubs in Las Vegas. The opportunity presented is a potentially profitable investment of $8.5 million in equity (or equity-hybrid) will provide high return on investment and includes acquisition of two contiguous parcels totaling 2.63 acres of land and a two story 25,000 square foot main building and secondary building with a full restaurant of approximately 5,000 square feet. The founder/owner is now 81 years old and does not have family interested in owning and running the business. The business has fallen complacent in recent years and the revenues and profitable has also fallen from its peak. They are bringing in new energized management team to grow revenues, reduce expenses and increase profitability. The Transaction Purchase Includes the Following Assets: 1. Existing Club –“OG Las Vegas” a 25,000 square foot building and all personal property located therein; 2. Restaurants and other two other retail businesses that are leasing space located on the property; 3. Gaming revenues from hosting 15 gaming machines; 4. Two contiguous lots totally almost 3 acres on one of the most iconic streets in America: “The Las Vegas Strip” ***THEY HAVE A MORE DETAILED BUSINESS PLAN AND A PRIVATE PLACEMENT MEMORANDUM AVAILABLE UPON REQUEST***
-
Manufacturer:
Financial Services -
Formed:
June 1, 1989 -
Company Website:
-
Company E-mail:
-
Company Address:
1531 Las Vegas Blvd SoLas Vegas, NVUnited States -
CEO:
- Kevin Kelly
-
We recognize our sponsors starting at $1 per entry.
Learn more at https://www.ithistory.org/benefits