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Listed by:

Regal Consulting Corp.

Night Club Live Entertainment For Sale

Hudson County, New Jersey, US
Asking Price:
$500K - $1M Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1M - $5M
Cash Flow:
$100K - $250K

Long standing successful 15,000 square foot modern night club with a capacity for 675 customers and available to purchase or arrange a partnership relationship. This well-known Night Club located in Northern New Jersey, Hudson County, is minutes from the Lincoln Tunnel and all the major highways. This is a two floor Nightclub and has been upgraded with an attractive appearance and a state-of-the-art sound and lighting system. The club also has live entertainment approval and services various age groups. This nightclub has a professional atmosphere with consistently packed crowds and projects a substantial increase in sales now that the pandemic has ended.

Property Information

Real Estate:

Lease

Lease Terms:

The business has an assignable commercial lease which expires 2036-01-01 plus additional options, with a monthly rent of $17,200, cost per square foot is $17.00 and rent security is required.

Leasehold Rent:

$206,000 per annum

Lease Rent:
$14 per sq ft per annum
Location:

This wonderful business opportunity located in Northern NJ on a state highway, at the entrance of the New Jersey Turnpike and minutes from the New York Lincoln Tunnel.
The area consists of various urban communities and a population of hundreds of thousands of residents that seek this form of nightlife entertainment.

Premises Details:

The facility is a modern attractive free-standing structure consisting of 15,000 square feet and is located in a large franchise hotel. The facility has multiple levels and various sections which include a VIP area and other private seating. The dance floor and stage areas are centrally located for patron connivance. The business also has a full kitchen and private entrances.

Size in square feet:
15,000

Business Operation

Expansion Potential:

Growth and expansion: with an improved marketing system, opening the kitchen for food and an upgraded web site, this Nightclub will continue to develop.

Competition / Market:

Regarding competition: no other new competitor Nightclubs are expected in this area and the seller will supply a non-compete agreement to the new purchaser.

Reasons for selling:

The purpose of this sale is due to the owners passing, the family is absentee and is coordinating this sale.

Trading hours:

Hours of operation, the business is presently operational two days weekly hours from 8:00 pm to 3:00 pm.

Employees:
Regarding staffing: the business has a full staff of experienced employees, unaware of the pending sale and expected to remain post-closing, monthly payroll is approximately $10,000.
Years established:
2016

Other Information

Support & training:

The owner will supply a full transitional period and remain thirty days’ post-closing.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller financing is available to a qualified buyer, or a partnership relationship is also available.

Furniture / Fixtures value:
$450,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price

Contact Regal Consulting Corp.

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