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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Adult Club Lease or Purchase
(Entertainment and Leisure , Adult Clubs )
Passaic County , NJ
Listed Price: $ 89,000
Listing ID: ADCL161

Listing DetailsGross Revenue: $ 500,000
FFE: $ 250,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to the owner’s absenteeism as an investor.


Training & Support:

The owner will remain post-closing in order to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2015
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10000
Monthly Rent: $ 4,500
Square Footage: 1950
Facilities:
The club is ultra-modern and is two years’ young which was fully upgraded by the existing owner. The first floor consist area, 1,950 square foot bar, dance stage and various sections to service its customers. The second floor which is approximately 1,000 square feet consist of a private dance area. The second floor also has a modern residential rent unit which will supply an additional income.  
   

 


SummaryBusiness Description:

Lease or purchase, this unusual business opportunity which represents a licensed adult club in Northern New Jersey and in a highly-populated city of Passaic County. The sale includes a fully upgraded club, consumption liquor license and adult entertainment license. The club is presently closed due to the separation of the staff and take over by the owner / investor. The club can be purchased separately with the various licenses or with the property as a package sale. This business transaction will offer a commercial lease which expires 2028-01-01 plus additional options, with a monthly rent of $4,500, cost per square foot is estimated at $15.90 and rent security of approximately $10,000. The business fixed assets has an estimated value of approximately $250,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped adult night club, which includes displays, kitchen, refrigeration & freezer units, shelving, POS system, tables, computers, software 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. This successful business operation was active five days per week, with hours from 4:00 pm to 3:00 am. This transaction represents an excellent business opportunity with substantial potential for growth. Based on a 20-year payout at 5% interest, 20% down payment purchaser should obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

Competitors present exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, poor web site and must be improved to further develop the business yearly gross sales.


Financing/Terms:

The owner will remain post-closing in order to supply an appropriate transitional period to the new owner / operator.