The Stand Up Comedy Club

Location,City : United States / Bellflower

Max Target : $ 160,000

Equity on offer : 5 %

Min Target : $ 120,000

Equity on offer : 3 %

Industry :
Entertainment & leisure

Investment Round :
Growth

Stage :
Ready to launch

Website : Visit

Posted By : John Giries Connect

Summary

We will be a state-of-the-art 160 seat comedy club that will be able to broadcast netflix specials and podcasts. With a full bar and partnering with the BBQ restaurant next door (that my family owns) they will serve the food directly into our club. Freeway close and ample free parking makes the venue a jewel in Los Angeles, CA

Notable Achievements

  • Acquired Type 47 Liquor License
  • Installed Fire Sprinklers
  • Acquired the best talent booker in Los Angeles, over 30 years in the business.
  • Passed all rough inspections
  • Dedicating our 5 booths to comic legends. Robin Williams, Richard Pryor, George Carlin, Rodney Dangerfield and Phyllis Diller. We have reach out to their estates and have received permission to dedication and Getty images also has given us rights to images that will displayed above each comic's booth.

Pitch Video

The Business

Here is the breakdown for the business.
There is a 2 item food and/or beverage minimum for patron. There is a ticket cost per show ranging from $15-$40 depending on the talent. There is also a processing fee associated with each ticket that we will receive. Since we will not have a kitchen and receiving the food directly from the restaurant our margins will be 50% which is greatly higher than the average. Our beverage margins will range from 800% up to 2,000% depending on non-alcoholics, cocktails, beers and wines.

We are planning on 7 shows a week Wed -Sunday. The city owns the building and has given us an amazing lease. Our rent will be $2,535 a month with option to buy the building.

We are also planning on renting the venue to special events, business presentations, birthdays and roasts.

Our projected yearly gross income will be from 2,35 million - $3 million.

The Market

The comedy industry has been booming and showing signs of major growth. The Improv clubs across the country have been remodeling their venues to be larger due to the demand of live comedy. Up to 600 capacity. In our region there isn't a comedy venue for about 20 miles. We have 2 freeways very close to the venue and we are surrounded by 20 cities in our radius that will make going to our club easy without dealing with traffic. Live comedy is a 300+ million a year industry.

The City of Bellflower has just built a 350 car free parking garage across the street as well as investing in their downtown. A movie theatre and 100 luxury living apartment complex will be built also across the street by next year. There are 2 large hotels that will be built in the area as well as other ventures.

There are also plans for the metro blue line to pass right through the city in the next few years bringing more people to the area.

Objective/Future (Use of funds)

We are 90% completed in our construction. We need additional funding for social media and direct mail marketing, bar equipment, and other construction needed to finish.
Initially we weren't going to need fire sprinklers but in the end we did, which added $65,000 to our budget.

We are 90% completed in our construction. We need additional funding for social media and direct mail marketing, bar equipment, and other construction needed to finish. Initially we weren't going to need fire sprinklers but in the end we did, which added $65,000 to our budget.

The Team

John Giries - Owner / Operator

Business owner since 1996. Developed creative agency, experience in Branding, Creative Strategies, Business Management and Graphic Design.

Exit Strategy

This is a long term endeavor, our plan is to be a staple in the industry for many years.}

Make an offer

Join our team

Looking For : Fund Raiser
Equity : 5%

We are looking for a funding /silent investor that is ready to join a winning team and a great unique business venture.}

Reviews, Comments and Questions

I wish you all the best with it.

May 29, 2020

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