Location: Hudson County, New Jersey
Industry: Bar
Listing ID: NCLB101
Long standing successful 15,000 square foot modern night club with a capacity for 675 customers and available to purchase or arrange a partnership relationship. This well-known Night Club located in Northern New Jersey, Hudson County, is minutes from the Lincoln Tunnel and all the major highways. This is a two floor Nightclub and has been upgraded with an attractive appearance and a state-of-the-art sound and lighting system. The club also has live entertainment approval and services various age groups. This nightclub has a professional atmosphere with consistently packed crowds and projects a substantial increase in sales now that the pandemic has ended.
Listing Details
Revenue: $1,000,000
Cash Flow: $175,000
FFE: $450,000 (Included in Price)
Inventory: $5,000 (Included in Price)
Reason For Sale:
The purpose of this sale is due to the owners passing, the family is absentee and is coordinating this sale.
Training & Support:
The owner will supply a full transitional period and remain thirty days’ post-closing.
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: $17,200
Type of Location: State Highway
Square Footage: 15,000
Relocatable?: Yes
Facilities Information:
This wonderful business opportunity located in Northern NJ on a state highway, at the entrance of the New Jersey Turnpike and minutes from the New York Lincoln Tunnel.
The area consists of various urban communities and a population of hundreds of thousands of residents that seek this form of nightlife entertainment. The facility is a modern attractive free-standing structure consisting of 15,000 square feet and is located in a large franchise hotel. The facility has multiple levels and various sections which include a VIP area and other private seating. The dance floor and stage areas are centrally located for patron connivance. The business also has a full kitchen and private entrances.
Summary
Competition:
Regarding competition: no other new competitor Nightclubs are expected in this area and the seller will supply a non-compete agreement to the new purchaser.
Potential Growth:
Growth and expansion: with an improved marketing system, opening the kitchen for food and an upgraded web site, this Nightclub will continue to develop.
Financing/Terms:
Seller financing is available to a qualified buyer, or a partnership relationship is also available.