Price: $350,000
Location: Monmouth County, New Jersey
Industry: Adult Club
Listing ID: ADCL185
New, recently remodeled ultra-modern Gentlemen’s Club located on a highly active state highway of Monmouth 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 with 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. This is a most unusual business. Presently closed due to the pandemic. This industry requires government agency approval to purchase due to the liquor license. The value of the assets is estimated at $285,000 based on replacement cost of the liquor license and adult entertainment license. The sale includes a fully equipped new, closed nightclub Restaurant which includes, a valuable consumption liquor license, adult entertainment license, a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, sound and lighting 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.
Listing Details
Revenue: $800,000
Cash Flow: $170,000
FFE: $350,000 (Included in Price)
Inventory: $1,000 (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.
Summary
Owner Qualifications:
This industry requires government agency approval to purchase due to the liquor license.
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 closed due to the pandemic, will require a fresh marketing plan, web site and if developed expects an approximate gross income of $25,000 weekly.