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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Gentlemen\'s Club
(Entertainment and Leisure , Adult Clubs )
Monmouth County , NJ
Listed Price: $ 495,000
Listing ID: ADCL162

Listing DetailsGross Revenue: $ 750,000
FFE: $ 285,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The owner has personal issues and cannot operate this business.


Training & Support:

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


OperationsYear Established: 2016
Days & Hours of Operation: Mon.-Sun. 4pm-2am
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, recently opened this ultra-modern 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 licensed 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. The business is active seven days per week, with hours from 4:00 pm to 2:00 am. 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. Regarding gross sales, the business has recently been opened and projects a yearly income of approximately $750,000 yearly, with all the required amenities and based with an onsite owner operator, opened full time prior to debt service. The business has been valued priced 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.


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.