A successful nightclub restaurant with a valuable liquor license and live entertainment approval is located in Northern New Jersey, Hunterdon County. The club is approved for live dance entertainment and has a continued gross yearly income of $550,000 and a consistent net yearly income to the owner operator prior to debt service. The facility also has a one-unit residential rental. The business is located on an active county road conveniently located near various highways. The real estate property has a value of $550,000 as an option to purchase, and the liquor license has an actual value of $175,000 plus the value of the municipal live entertainment license. Dependable business opportunity is a consistent return on investment to the owner or operator prior to debt service.
- Asking Price:
- $675,000
- Sales Revenue:
- $550,000
- Cash Flow:
- $150,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
This sale will include a ten-year commercial lease at a monthly rent of $6,000, triple net.
- Leasehold Rent:
-
$72,000 per annum
- Lease Rent:
- $36 per sq ft per annum
- Location:
-
This modern retail facility consists of 2,000 square feet with attractive professional appearance. The business location consists of a free-standing structure on an active highway with various other active and successful businesses. This opportunity is located in Northern New Jersey, Hunterdon County, which consists of various populated communities with continued demand for this food and entertainment service. The facility has a capacity for seventy-five customers and an outdoor bar and patio for an additional forty patrons.
- Premises Details:
-
Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
- Size in square feet:
- 2,000
Business Operation
- Expansion Potential:
-
The business presently has a limited marketing plan, poor web site and if improved can further develop the business’ bottom line corporate income.
- Competition / Market:
-
To the best of our knowledge due to various circumstances, 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:
-
The owner is retiring from this industry due to alternative business opportunities after many successful years in this food service industry.
- Trading hours:
-
The business is active seven days per week, with hours from 4:00 pm to 2:00 am.
- Employees:
- This restaurant club business has four employees plus numerous dancers, who are unaware of the pending sale and fully expected to remain post-closing.
- Years established:
- 2005
Other Information
- Support & training:
-
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:
-
To be negotiated
- Inventory / Stock value:
- $375,000
