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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Ultra-Modern Gentlemen\'s Club
(Entertainment and Leisure , Adult Clubs )
Middlesex County , NJ
Listed Price: $ 495,000
Listing ID: ADCL160

Listing DetailsGross Revenue: $ 300,000
FFE: $ 285,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The owner has personal issues and cannot open this business.


Training & Support:

The owner will remain post-closing for 30 days and supply a transitional period.


OperationsYear Established: 2015
Days & Hours of Operation: Mon.-Sun. 4pm-2am
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 6000
Monthly Rent: $ 3,700
Square Footage: 3000
Facilities:

This retail facility is newer and recently built, consist of 3,000 square feet with an ultra-modern appearance. The club has a full kitchen, DJ area and various sections required for this industry. The business is in a mid-size mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Middlesex County on an active state highway with a substantial traffic count.


SummaryBusiness Description:

New, three years young, ultra-modern recently re-opened Gentlemen’s Club located on a highly active state highway of Middlesex County, New Jersey. This beautifully well designed 3,000 square foot facility is fully equipped with state of the art equipment, and a customer capacity for one hundred patrons. The business is fully licenses for live adult entertainment and has a valuable consumption liquor license which is part of the sale transaction. The sale also includes a long term assignable commercial lease at a reasonable fair rent cost. The club projects a substantial weekly gross income to the onsite. owner operator. This industry requires government agency approval to purchase due to the liquor license. This bar club business had five employees consisting of bar servers, the adult dancers are paid as independent operators. The business has an assignable commercial lease which expires 2027-01-01 plus additional options, with a monthly rent of $3,700 and rent security $6,000. The business is in an active commercial mall; the facility consists of 3,000 square feet has a capacity for approximately one hundred customers. The value of the assets is estimated at $285,000 based on replacement cost of the liquor license and adult entertainment license. The sale includes a fully equipped new, closed nightclub Restaurant which includes, a valuable consumption liquor license, adult entertainment license, a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, sound and lighting system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 4:00 pm to 2:00 am. The sale includes a consumption liquor license, adult entertainment approval, certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. Income was approximately $300,000 yearly, however based with an onsite owner operator, opened full time the income is projected to be much greater. The business has been valued at $495,000 based on a multiple of the projected net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment. This is a most unusual business opportunity and based on the asking price, required down payment and projected yearly net income, this business expect to supply a substantial investment return to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, all viewings are by appointment only and photo may not represent this business.


Competition:

Due to the unavailability of any new liquor licenses or adult entertainment approval no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business has recently opened, will require a new marketing plan, web site and if developed expects an approximate gross income of $15,000 weekly.


Financing/Terms:

Is available to a qualified buyer with an appropriate down payment.