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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 )
Mercer County , NJ
Listed Price: $ 995,000
Listing ID: ADCL156

Listing DetailsGross Revenue: $ 400,000
Cash Flow: $ 80,000
FFE: $ 475,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Reason for Sale:

           The owner is retiring after many successful years in this food / entertainment industry.


Training & Support:
The owner will remain post-closing to supply an appropriate transitional period to the new operator.  

 


OperationsDays & Hours of Operation: Mon.-Sat. 12pm-3pm
Non-owner Payroll: $ 4,600
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 2750
Facilities:

The business facility consists of 2,750 square feet and designed specifically for this industry. The building also has five rental units of diffident sizes that bring in a consistent income. The club facility is a free-standing structure on a highly active county road located in Central New Jersey, Mercer County, which consists of numerous highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Long stating Gentlemen’s club with real estate located in a highly populated urban city of Central New Jersey and in the County of Mercer. The business is on an active county road, near a commercial mall with various national retail stores which attract a huge volume of daily shoppers. The club consists of twenty-five hundred square feet with a private dance area, large stage and a commercial kitchen. The sale also includes the real estate which consists of five additional residential rentals. Due to the ownership of the liquor license, government agency approval is required to purchase this business. This business has five bar maid employees, who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,600. This adult nightclub business is located in a free-standing facility and has a customer capacity of 120, the entire building with the rental units consists of 5,750 square feet. The sale consists of a fully operational Pub Restaurant which includes, the real estate with a value of $680,000, a NJ consumption liquor license with an estimated value of $175,000, and a municipal certificate of occupancy for adult entertainment. Also included is a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system 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. The facility has appropriate private parking on site for forty vehicles. The business is active six days per week, closed Sunday, with hours from 12:00 noon to 3:00 pm. The sale includes, adult entertainment license, New Jersey state issued consumption liquor license, a certificate of occupancy from the municipality and the required city food licenses to conduct its day to day business. The real estate has a state license as a rooming house for weekly rentals. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.


Competition:

Due to the unavailability of any new adult entertainment licenses and liquor licenses, 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 owner will remain post-closing to supply an appropriate transitional period to the new operator.


Financing/Terms:

           Seller financing may be available to qualified buyers.