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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Closed Night Club
(Food & Beverage , Bars, Taverns, and Night Clubs)
Middlesex County , NJ
Listed Price: $ 120,000
Listing ID: BAR715

Listing DetailsFFE: $ 120,000 (Included in Price)
Reason for Sale:

Sale is due to partnership separation and owner retirement.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 1995
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 3500
Monthly Rent: $ 3,500
Square Footage: 4000
Facilities:

This closed Nightclub facility consist of approximately 4,000 square feet with an attractive appearance and is on a commercial avenue and is near to various local highways for customer convenience. This opportunity is in Northern New Jersey, Middlesex County, and the general area consists of various highly populated communities with continued demand for this service.


SummaryBusiness Description:

Wonderful business opportunity to own this long-standing successful nightclub in Northern New Jersey in the County of Middlesex. This closed bar/club will include all of the assets, which includes the consumption liquor license with a long-term lease agreement and an option for the real estate or one can immediately purchase the business and property. This business was founded in 1995, as a successful club and well known in the county for live entertainment with dancing, and a fun atmosphere. This business transaction will offer a commercial lease which will expire 01/01/2029, with additional options available, a monthly rent of $3,500 (all in), cost per square foot is estimated at $10.50 and rent security of approximately $3,500. The business fixed assets has an estimated value of approximately $125,000 which is based on the cost of the original equipment, licensing, buildout replacement cost, tangible & nontangible, in addition to the multiple of the future net yearly income. The club was active three days per week, Thursday, Friday & Saturday with hours from 9:00 pm to 2:00 am. For Qualifications purposes, this business opportunity industry requires New Jersey State government licensing approval to purchase, due to the consumption liquor license. The Nightclub had a consistent income for many years however, it is presently closed and requires time to develop. This is a dependable safe business opportunity priced very aggressively based on the asset value and this business opportunity can supply a consistent return on investment to the owner operator. All viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding competition, 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 is presently closed and requires an updated Website, and marketing plan in order to organize a successful nightclub business with a profitable income.


Financing/Terms:

Financing is available to a qualified buyer with an appropriate down payment.