Owner Financing is Available!
Business Overview:
Excellent opportunity to own a fully equipped 6,100 sq ft facility, recently renovated with an elegant décor and chic accent design. The main area includes a martini bar, full kitchen, all new equipment, and lounge area with small stage and 225 seating capacity. It currently operates as a Comedy Club but can easily be fitted for a GoGo Lounge or Restaurant/Bar. Located in a prime location in a popular summer resort town, the property also includes a separate three story, 2,700 sq. ft. apartment building with seasonal rent potential up to $35,000.
Financials represent potential revenue and cash flow operating as an existing GoGo lounge in seasonal locations. Price includes the property, C liquor license, and all the equipment valued at $150,000. After 50 years in business, owner wants to retire to Florida. Seller financing for qualified buyers.
Property is offered at $$1,250,000 with a down payment of only $5000,000 and the owner will finance the $499,000 balance over three years. Property is a must see to fully understand the potential and how easily it can be converted to a profitable concept.
For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Recently remodeled 6,100 square feet facility which can serve as a bar/restaurant go go bar, or night club with complete kitchen an bar. Additional separate three floor rental apartment building with parking.
Reason for Selling:
Owner retiring and moving to Florida
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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