GENTLEMEN’S CLUB. ADCL185

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.

 

Ron Cervelli

contactus@regalconsultants.com

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