18 Apr Acquisitions Anonymous: Comedy Club for Sale: Is This $3.5M Florida Deal a Total Joke?
In this episode, Michael and Chelsea dig into a unique listing: a thriving comedy club in South Florida with over $750K in cash flow and a $3.5M price tag. The business boasts a full liquor license, a 300-seat venue with all-new chairs and tech upgrades, and a 10-year lease—but does it justify the steep multiple without owning the real estate? The duo debate the hidden risks, potential upside, and what kind of buyer this business would actually be perfect for. It’s a deep dive into what it really means to buy a bar-with-a-stage in a strip mall.
Key Highlights:
🏢 Business Overview: Comedy club with $3M in annual revenue, $750K cash flow, asking $3.5M
🍸 Core Revenue Drivers: Liquor sales and ticket splits—not the acts themselves
📉 Real Estate Concern: Business doesn’t own the property, raising questions about valuation
🤝 Booking + Promotion: Importance of talent relationships and email list ownership
📈 Competitive Landscape: Competing with national chains and music venues for comedy talent
🪑 Asset Value: What are you really buying—just some new chairs and a video wall?
🧠 Buyer Fit: Why this deal might be a dream—or a nightmare—depending on the operator
⚠️ Deal Risk: Low barrier to entry and possible overvaluation make this a tough sell
