Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Night Club Opportunity
(Entertainment and Leisure, Nighclub)
Passaic County , NJ
Listed Price: $ 225,000
Listing ID: NCLB101

Listing DetailsGross Revenue: $ 200,000
FFE: $ 90,000 (Included in Price)
Reason for Sale:

 

 

The purpose of this business transaction is due to the owner’s involvement in an alternative business industry.

 


Training & Support:

 

 

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

 


OperationsEmployees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4800
Monthly Rent: $ 2,530
Square Footage: 1950
Facilities:

 

 

This successful retail facility which consist of approximately 1,950 square feet have an attractive appearance with a full bar and lots of seating. The business is on an active commercial avenue with various other active retail businesses. This opportunity is in Northern New Jersey, Passaic County, which consists of various highly populated communities with continued demand for this industry.

 


SummaryBusiness Description:

 

 

Excellent business opportunity to own this long-standing nightclub with live entertainment and known for its great bands, good drinks and wonderful service. The business was founded in 2011, as a well-known nightclub with an exciting atmosphere & live entertainment! ‚ÄčThe club is the perfect place for a date night, girls’ night out, and networking or team building happy hour. The sale includes a consistent gross income, a valuable consumption liquor license and all of the business assets. This nightclub consist of four full / part time employees, including bar maids and managers who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $4,800. The business transaction has an assignable commercial lease which expires 2030, plus additional options available, with a monthly rent of $2,530 cost per square foot is estimated at $15.60 and rent security of approximately $5,000. The business has been valued / priced at $225,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

 


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 can be further expanded by the new operator, with an improved marketing plan, and web site which can further develop the business yearly gross sales.

 


Financing/Terms:

May be available to a qualified buyer.