GENTLEMEN’S CLUB. ADCL187

Price: $275,000

Location: Monmouth County, New Jersey

Industry: Adult Club

Listing ID: ADCL187

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 scheduled to re open September 2022.

Listing Details

Revenue: $1,200,000

Cash Flow: $150,000

FFE: $325,000 (Included in Price)

Inventory: $1,500 (Included in Price)

Reason For Sale:

The owner has personal issues involved in an alternative business out of the general area and cannot operate this business.

Training & Support:

The owner will remain post-closing for 30 days and supply a transitional period.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 4200

Type of Location: Commercial active highway

Square Footage: 3,000

Relocatable?: Yes

Facilities Information:

This retail facility is newer and recently built, consist of 3,000 square feet with an ultra-modern appearance. The club has a full kitchen, DJ area and various sections required for this industry. The business is in a mid-size mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Monmouth County on an active state highway with a substantial traffic count.

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, is scheduled to reopen and will require a fresh marketing plan, web site and if developed expects an approximate gross income of $20,000 weekly.

Ron Cervelli

contactus@regalconsultants.com

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