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Nightclub Live Entertainment
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $500000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1990
Number of Employees 10 - 19
Inventory 175000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training The seller will supply a sixty day post closing training period.
Reason for Sale Alternative business out of the general area.
Description Highly successful Night Club Lounge with live entertainment located minutes from the Newark International airport in an active metropolitan area of Essex County, New Jersey. This popular, well known business offers drinks, minimal food and live music and entertainment. The business consists of two floors with the first floor 1,650+ square feet and the second floor a 1,100 square foot private dance area. The business is in a modern club facility which includes an ample bar and a full kitchen. The Lounge setup is very attractive and designed for a high volume of business. The second floor is designed for private parties with a full stage and a large bar. The business is located near a popular Stadium which attracts thousands of customers. Seller will supply a 15 year lease with a monthly rent of $3,000 for both units. The seller will also supply an option to purchase the real estate. This opportunity includes a liquor license valued at $100,000. The seller wants to retire and has recently reduced the sale price below market value and with seller financing available. A package sale is possible or an option to purchase the real estate property. This is a profitable opportunity and a definite must see location. The facility consists of a total of 2,800 square feet with two floors and a full basement. The business has a very small kitchen and serves a minimal amount of food. All equipment including walk-in refrigerator and freezers are located on the first floor and are well maintained. The business is located just off a major highway close to the New Jersey Turnpike, Newark Airport and numerous state highways.
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