Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Night Club w. Entertainment Approval
(Entertainment and Leisure , Nighclub)
Passaic County , NJ
Listed Price: $ 185,000
Listing ID: NCLB102

Listing DetailsReason for Sale:

The purpose of this business transaction is due to the partnership separation.


Training & Support:

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


Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4500
Monthly Rent: $ 4,500
Square Footage: 2500
Facilities:

This opportunity is in Northern New Jersey, Passaic County, which consists of various highly populated communities with continued demand for this service. This presently closed business is clean and modern, the facility which consist of approximately 2,500 square feet is fully prepared to begin operations. The business is in a mixed residential commercial area with other local businesses operations.


SummaryBusiness Description:

Modern nightclub which includes a valuable liquor license, live entertainment approval, and located in Northern New Jersey, Bergen County. The business has a long history of success and the sale includes a fully equipped turnkey operation. The business transaction will offer an assignable commercial lease which expires 2029, plus additional options available, with a monthly rent of $4,500 all in, cost per square foot is estimated at $18.00 and rent security of approximately $4,500. This company previously consisted of four employees. The payroll was primarily based on an hourly basis, staff consists of bar people and management. The business is presently closed, and the transaction represents an asset sale based on the value of the various licenses and equipment. This club has been quite successful over the past few years. The business has been valued / priced at $185,000 which is based on the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Financing/Terms:


May be considered to a qualified buyer.