Illness forces this most popular Adult club in the New York City located in the Bronx just off US Route 95 and convenient to numerous major highways. This is NYC's area Hottest and most exclusive Gentlemen's Club and has become one of the hottest clubs to go listen to good music and see beautiful woman.
Saturdays is known as Magic City Saturdays and comes with slew of Artists and DJ's. The business has a solid gross income and substantial net income to the owner operator. The sale includes a state issued liquor license, adult entertainment license, various bars, refrigeration and freezers units, POS system, turnkey operation, including various equipment required for this particular industry. The building has a legal capacity for 110 customers, 3,000 square feet, on one main floor with a full storage basement.
This retail business requires numerous bar maids, DJ, managers and a large number of dancers who are unaware of the pending sale and expected to remain post closing. This urban area has limited public parking and substantial private parking in the area. The business is presently operational two days weekly with hours from 9:00 pm to 4:00 am however the hours can be substantially increased.
The business has an assignable 19 year commercial lease, expires 2032 with a monthly rent of $5,800 and $10,000 rental security. Based on the asking price, required down payment and net income this business should supply a 45% return to the owner operator prior to debt service. The price has been based on a multiple of the net income with the value of the various licenses.