Industry: Adult Club
Listing Details
Revenue: $940,000
Cash Flow: $100,000
FFE: $125,000 (Included in Price)
Inventory: $5,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner retirement from this food industry after many years of success.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Operation
Year Established: 2000
Year of Last Acquisition: 2014
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 9:00 am to 6:00 pm, shorter hours for weekends.
Owner Hours Per Week: Full Time
Non-Owner Payroll: $125,000
Employees: Regarding employees and payroll, this retail company consists of four full- & four-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $14,600.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 2500
Type of Location: Commercial Avenue
Square Footage: 1100
Relocatable?: Yes
Facilities Information:
This business opportunity is in northern New Jersey, Middlesex County on a highly active county avenue with dozens of other successful retail businesses. This business facility consists of approximately 1,100 square feet with an attractive, and professional appearance. The business is in a free-standing retail facility conveniently location on a commercial avenue for its various customers. The business has substantial municipal parking in the area of this business and has a customer capacity for thirty customers.
