Price: $675,000
Location: Hunterdon , New Jersey
Industry: Adult Club
Listing ID: ADCL178
Successful nightclub restaurant with a valuable liquor license and live entertainment approval located in Northern New Jersey, Hunterdon County. The club is approved for live dance entertainment and has a continued gross yearly income of $550,000 and a consistent net yearly income to the owner operator, prior to debt service. The facility also has available a one-unit residential rental. The business is located on an active county road conveniently located near various highways. The real estate property has a value of $550,000 as an option to purchase and the liquor license has an actual value of $175,000 plus the value of the municipal live entertainment license. Dependable business opportunity as a consistent return on investment to the owner operator prior to debt service.
Listing Details
Revenue: $559,000
Cash Flow: $150,000
FFE: $375,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Form of Ownership:
C Corp
Reason For Sale:
The owner is retiring from this industry due to alternative business opportunities after many successful years in this food service industry.
Training & Support:
The owner will remain post-closing for 30 days and supply a transitional period.
Operation
Year Established: 1990
Days & Hours of Operation: The business is active seven days per week, with hours from 4:00 pm to 2:00 am.
Owner Hours Per Week: Part time
Employees: This restaurant club business has four employees plus numerous dancers, who are unaware of the pending sale and fully expected to remain post-closing.
Managers: Yes
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 6,000
Type of Location: Commercial
Square Footage: 2,000
Relocatable?: Yes
Facilities Information:
This modern retail facility consists of 2,000 square feet with attractive professional appearance. The business location consists of a free-standing structure on an active highway with various other active and successful businesses. This opportunity is located in Northern New Jersey, Hunterdon County, which consists of various populated communities with continued demand for this food and entertainment service. The facility has a capacity for seventy-five customers and an outdoor bar and patio for an additional forty patrons.
Summary
Owner Qualifications:
This industry requires New Jersey government agency approval to purchase due to the state issued consumption liquor license.
Competition:
To the best of our knowledge due to various circumstances, 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 presently has a limited marketing plan, poor web site and if improved can further develop the business’ bottom line corporate income.
Financing/Terms:
Owner financing available.
