Price: $250,000
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 2023.
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.
Operation
Year Established: 1980
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 11:00 am to 2:00 am.
Owner Hours Per Week: absentee
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.
