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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Night Club Lounge

Location  New Jersey,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $550000
Net Profit / Cash Flow  $100000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1980
Number of Employees  10 - 19
Inventory  650000 Equipment & 2500 Inventory
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The seller will supply a full transitional period and remain thirty days post closing.
Reason for Sale  Alternative business responsibilities out of area.

Successful Nightclub consisting of a two floor modern fifteen thousand square foot facility located in an active area of Union County, New Jersey. This very well-known Night Club is located in Northern New Jersey minutes from all the major highways. The Nightclub has been upgraded and remolded with a beautiful appearance and a state of the art sound and lighting system. The club is known to offer local and national entertainers who attract a substantially customer base. The club also has a reputation for its powerful sound system offering the sharpest, cleanest and indisputable best sound on the east coast. The lighting design and special effects rivals the nightclubs in Manhattan, NY, with an awe-inspiring array of Color Kinetics intelligent/digital LEDs complimented by traditional moving-heads and strobes. No detail was overlooked, and the resulting atmosphere and consistently packed crowds have made this one of the best Nightclub destination in New Jersey. The sale includes a valuable liquor license, sound & lighting system, full kitchen, camera system, POS system and various equipment required for this industry. The facility has a legal capacity for 720 customers consisting of 15,000 sq ft & basement. The facility has private parking as part of the lease and substantial municipal parking. The business is operational three days weekly hours from 9:00 pm to 3:00 am. The business has a Consumption Liquor license and entertainment approval. The sale includes a certificate of occupancy from the particular municipality and the required license approval from the city. The business has an assignable commercial lease which expires 2027-01-01 plus additional options, with a monthly rent of $8,000 plus taxes $4,000 rent security $20,000. This particular business has twelve full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,800.

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