This is a brick and mortar tale.
It's my very recent story of going from this:
View media item 139
to this:
View media item 132
I own and an operate a small nightclub in San Diego, the Air Conditioned Lounge. It's 14 years strong but long-in-the-tooth in my industry. I wanted to maximize my property's income so I dreamed up a plan to convert the dormant area directly behind my bar into a private event and corporate meeting space. I saw a distinct need in my market for an alternative to hotel banquets rooms and ill-equipped restaurants. I designed the space to mirror some of the elements of the club, but with it's own unique retro-modern feel.
It took 1 year longer than I wanted, 20% over budget, but earlier this year I declared it 90% complete and have started to market it. My net operating space is now 2000 square feet inside the club and another 1300 square feet for the event space.
It's called the Glampisphere (Private Event Space San Diego | North Park | The Glampisphere) and will be a completely separate stream of income for me. My goal is to bolster my financial statements for the company, as both the nightclub and event space are owned by the same entity, and sell the business in 3-5 years. I own the property and with current lease rates in my neighborhood in San Diego, I could get $9000/month in rent today from the potential buyer.
I'm very excited about what lies ahead. Many, many challenges lie between me and my financial goals for this business, but the entire process of developing the property, creating my marketing plan and talking to business leaders face-2-face about utilizing it has energized me.
Another view:
View media item 130
It's my very recent story of going from this:
View media item 139
to this:
View media item 132
I own and an operate a small nightclub in San Diego, the Air Conditioned Lounge. It's 14 years strong but long-in-the-tooth in my industry. I wanted to maximize my property's income so I dreamed up a plan to convert the dormant area directly behind my bar into a private event and corporate meeting space. I saw a distinct need in my market for an alternative to hotel banquets rooms and ill-equipped restaurants. I designed the space to mirror some of the elements of the club, but with it's own unique retro-modern feel.
It took 1 year longer than I wanted, 20% over budget, but earlier this year I declared it 90% complete and have started to market it. My net operating space is now 2000 square feet inside the club and another 1300 square feet for the event space.
It's called the Glampisphere (Private Event Space San Diego | North Park | The Glampisphere) and will be a completely separate stream of income for me. My goal is to bolster my financial statements for the company, as both the nightclub and event space are owned by the same entity, and sell the business in 3-5 years. I own the property and with current lease rates in my neighborhood in San Diego, I could get $9000/month in rent today from the potential buyer.
I'm very excited about what lies ahead. Many, many challenges lie between me and my financial goals for this business, but the entire process of developing the property, creating my marketing plan and talking to business leaders face-2-face about utilizing it has energized me.
Another view:
View media item 130
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