The PM Lounge is located at Cedar and Nees in Northeast Fresno.
The club already has more than 200 membership applications and will allow a total of 800 people.
The cost to become a member has not been disclosed.
The director of operations for The PM Lounge told the Fresno Business Journal that they plan to have about four private concerts a year with well-known artists.
Local businessmen Michael Walstad and Nicholas Crawford are the owners.
A two-day grand opening for members-only is planned for November 14 and 15.