Starvin Marvin strip club sites for sale
samsung1
Ohio
Online ads on several real estate websites say six Starvin Marvin clubs are for sale for $17 million. The chain has five more clubs.
The ads don't say how much those cost, but brags that it's a "once in a lifetime opportunity to own a reputable thriving business. Own the brand, operate an empire."
The elaborate and flashy bars have mushroomed quickly, but have made plenty of enemies in a city that has cracked down on its 31 adult businesses. Detroit shut down one club over illegal renovations for 56 days in June, and prosecutors are in court seeking to padlock two more on nuisance violation claims.
Several investors are involved in each bar in the chain, but club lawyer David Draper said the primary partner is Bilal Haidar, 24, of Dearborn. His brother, Marwan Haidar, 30, of Dearborn Heights, has become the face of the chain, though, and told The Detroit News in August that they wouldn't "step down" in their fight with city and county officials because they have "super lawyers."
The Haidars have said most violations occurred before they got involved in the clubs. The ongoing cases could complicate any sale, but Draper said club officials expect to reach a deal with prosecutors soon.
The Haidars wouldn't return calls for comment Wednesday but Draper said the clubs are for sale to "test the market."
"They just want to strike while the iron is hot," Draper said. "They put together a good package. If there's somebody out there with a lot of money, they could be a big player."
The Rev. Marvin Winans, the pastor of Perfecting Church who led the battle in the city to crack down on the clubs last year, said he was shocked that Starvin Marvins quickly dominated the market. Three are just blocks from each other on Michigan Avenue in southwest Detroit.
"The city can't come back with nonsense like that," Winans said.
But Claudia Nunez, whose 8-year-old son attends Cesar Chavez Academy near the clubs on Michigan, said the bars are better kept than most of the other businesses on the street — which is an unfortunate commentary on the city.
"I don't know what else to say," Nunez said. "It is Detroit."
http://detnews.com/article/20110106/METR…
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Interesting tale from Las Vegas: The Fountainbleau was to be a $4 billion resort development. It's financiers stopped it in '09 after $3 billion had been spent. Carl Icahn stepped in and bought it for $156 million. That's 5.2% of the cash spent which was recouped. Icahn then sold off all of the furnishings and it presently stands unfinished and mothballed.
5.2% of $17 million is $884k. Given the Detroit economy, that may be optimistic.