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Listed by:

Regal Consulting Corp.

Popular Night Club/Restaurant In New Jersey For Sale

Matawan, New Jersey, US
Freehold Price:
$1,295,000 Inventory / Stock included
Lease Asking Price:
$1M - $5M Inventory / Stock included
Sales Revenue:
$550,000
Cash Flow:
$120,000

Popular Club is located on a convenient highly active state highway of Middlesex County, New Jersey which includes real estate which offers adult entertainment.

This long-standing 2,600 square foot facility is fully equipped with state-of-the-art equipment, and a customer capacity for one eighty-five patrons. The business is licensed for live entertainment and has a valuable consumption liquor license with an estimated value of $375,000 which is part of the sale transaction.

The sale includes a long-term commercial lease at fair rental cost with an option to purchase the property. The club has consistent weekly gross sales to the onsite owner operator, which can be further improved with a fresh marketing system. This is a solid business opportunity which offers owner financing.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

Business and property

Location:

The facility consists of 2,600 square feet with an attractive appearance. The club has a commercial kitchen, DJ area and various private sections required for this industry. The business consists of a free-standing building in Central New Jersey, Middlesex County on an active state highway with a substantial traffic count. The property is approximately 1.3 acres.

Size in square feet:
10,000

Business Operation

Expansion Potential:

The business requires a fresh marketing plan, an improved website, and additional advertising.

Competition / Market:

Regarding Competition, due to the unavailability of any new liquor licenses or entertainment approval no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Reasons for selling:

Purpose of sale, the owner is now retiring after many years in the industry.

Trading hours:

The business is active six days per week, with hours from 4:00 pm to 3:00 am.

Employees:
This bar club business had eight employees consisting of bar server’s kitchen staff and numerous dancers who are paid as independent operators.
Years established:
1985

Other Information

Support & training:

Training and Assistance, the owner will remain post-closing for 30 days and supply a transitional period.

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

Owner and bank financing is available.

Furniture / Fixtures value:
$375,000
Inventory / Stock value:
$500 - included in the asking price
Lease asking price:
$1M - $5M - Inventory / Stock included