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Businesses For Sale   >>   Adult Entertainment Businesses For Sale   

Gentlemen's Club

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $500000
Net Profit / Cash Flow  $100000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1980
Number of Employees  1 - 3
Inventory  175000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale  The owner is relocating out of the area after many years of success in this industry.

Description  
Popular Gentlemen's Adult club available with property located in an urban area of Essex County, northern New Jersey. The sale includes the night club, liquor license and the real estate consisting of an additional four residential rental units. The Club consists of a 1,900 square foot setting with a full stage, bar and private seating. The club has duel entrances, a full basement for storage, kitchen and sound & lighting system. The business has a yearly gross income of $500,000 and a consistent net yearly income to the owner operator. The four residential units are traditionally rented with a yearly gross income of $36,000. This particular business has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,800. The various dances work and function as independent operators. The business facility which consists of 1,900 square feet has a capacity for approximately seventy customers. The additional rental units each consists of four room rentals apartments. The sale includes a fully equipped night club, consumption liquor license, lighting & sound system ice machine, computers, kitchenette, refrigeration & freezer units including all the necessary equipment to maintain the day to day business operation. The facility has appropriate municipal parking nearby to the business facility. The business is active seven days per week, with hours from 4:00 am to 2:00 am. The sale includes a state issued consumption liquor license, adult entertainment approval, and a certificate of occupancy from the particular municipality. This is an excellent business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 40% investment return to the owner operator.


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