Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1000000
Net Profit / Cash Flow $250000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1975
Number of Employees 6 - 9
Inventory 750000 Equipment Ony
Number of Employees 6 - 9
Real Estate Leased
Training Seller will supply a full transitional period to the new operator and will remain post closing for sixty days at no additional cost.
Reason for Sale The seller is retiring after many successful years in the industry.
Ultra Modern New York style Nightclub with live entertainment in the prime area of Essex County, NJ and minutes from the International Airport. The night club consists of 12,000 square feet with an indoor capacity for 950 patrons. The business has a huge dance floor, full stage, separate area for private functions, multiple serving bars, Private VIP area and a full kitchen. This Club has been fully upgraded during the past two years with a modern and attractive image. Because the sale of this business is confidential all viewings are by appointment only and photo may not represent this particular business. Operator must evidence funds to transfer liquor license. This Nightclub has multiple bars, a full kitchen, professional sound system, DJ booth, special lighting systems, POS system, liquor license and entertainment approval and various equipment required for this industry.
The building has a legal capacity for 950 customers plus space for extra capacity. Private parking for eighty vehicles is part of the lease agreement and additional municipal parking is near by the facility. The business operates, two days weekly, Friday & Saturday, hours 8:00 pm to 3:00 am. The business has a New Jersey State liquor license and a full entertainment & food license from the municipality. The sale includes a fifteen year lease term with a gross monthly rent of $8,000. The business has a large professional staff, unaware of the pending sale and expected to remain post closing. The business is known for its excellent sound and lighting system and super visual effects for special events. This club has a consistent and solid annual income which includes Liquor & beverage sales, entrance fees and income from special party events. The sale includes a NJ State issued consumption liquor license, live entertainment approval, long term lease with an option to purchase the real estate.
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