2020 Mechanic St, Galveston, TX 77550 For Sale

**Business Name**: Wispers

**Location**: 2020 Mechanics Street, Galveston, TX 77550

**Type of Business**: Adult Use Club (Pasty)

This is an exceptional opportunity to acquire a well-established, exclusive adult use club in a prime, reinvigorated entertainment district of Galveston.

**Establishment**:

- Operating since: Over 20 years (closed during the Covid era)

- Just recently reopened: February 2024

- Only Adult Use Club on Galveston Island

**Operating Hours**:

- Current: Wednesday to Saturday, 7 PM - 2 AM

- Potential: 7 days/week, Can open earlier in the day

Key Features

- **Prime Location**: Situated in the vibrant entertainment district of downtown Galveston, only three blocks from the Carnival and Cruise ship terminal.

- **Unique Market Position**: The exclusive adult use club on the island, serving a local population of 54K and an urban/MSA population of 192K, surrounded by 51+ hotels, beach houses, and AirBnBs.

- **Spacious Venue**: 5000 SF footprint with an additional 3500 SF mezzanine deck.

Building Specs:

- Constructed in 1913, featuring brick and block walls with a concrete slab main floor and wooden mezzanine floor.

- 24' ceiling height.

- Equipped with a brand new 12.5 Tons HVAC unit.

- **Entertainment Amenities**:

- Center Stage: Elevated 4' off the floor with two 18' poles (one spinner, one fixed).

- Lighting: Combination of older lighting and newer LED, plus a laser system.

- Sound: Basic system with subs under center stage and fill speakers.

- VIP Areas: Two curtained VIP areas and four couches in a side area.

- **Bar Facilities**: One main bar and a mezzanine deck with a setup for a secondary bar (currently not in use).

Dressing Rooms: Plenty of room with adjacent Bathroom with sink, commode, shower

- **Additional Potential**: Room for a "Subway" level kitchen or a full kitchen with minor investments.

Infrastructure

- **Parking**: Street parking after 7 PM and proximity to a 24-hour municipal parking deck (~250 feet).

- **Compliance**: Fully compliant with all permits and inspections, including SOB/Adult Use pole tax and Late Hours Permit.

- **Occupancy**: Fire Department classification ranges from “50 to 300” occupants.

Financials

- **Sale Price**:

- Business: $600,000

- Real Estate: $1,000,000 (based on recent Galveston City reappraisal)

Options:

- Owner Financing (Business or Real Estate)

- Real Estate Lease on Business Purchase

- Management Contract Agreement POSSIBLE with RE Lease

Competitive Landscape

- **Oceans Cabaret**: Nude, BYOB, located in a poor location south of Dickinson, not a significant competitor. Approximately 7-8 miles from Wispers

- **Heartbreakers**: Topless with alcohol, located in Dickinson, TX. Beautiful interior but not in a prime location.

- **Houston Clubs**: Approximately an hour away up I-45.

Marketing Opportunities

- **Untapped Marketing Potential**:

- **Social Media Marketing**: No sustained or comprehensive marketing efforts are currently employed, presenting an excellent opportunity for penetrating social media markets.

- **Guerilla Marketing**: Street marketing and guerilla marketing strategies are completely untapped, offering significant growth potential.

To visit discretely, to check out Club as a “Secret Shopper”, please notify me beforehand for my records: I will not put the Owner on notice beforehand.

For more details and to arrange a direct meeting with the owners, please contact me directly.

Because of the nature of the Adult Club Industry, and professionally, I take the time to speak with each and every potential Buyer/Investor. I do this to go over with these individuals their expectations, their criteria, their capabilities. Typically a signed NDA is a requirement as part of the process.

The most direct question I ask anyone who has contacted me is, "Do you have the ready assets to take a Purchase of this size to Closing?". I do not want to waste your time, nor mine.

Please do call me at 8645803826 at your convenience to discuss your plans and timing.

Please go to this link to fill out NDA. Thank you!

https://adultclubbroker.net/nda/