Nightclub Themed Banquet Hall For Sale-29602

Not Disclosed, NJ
Essex County

Asking Price: Annual Revenue:
$199,000 $352,004

Food & Beverage: Bars, Clubs, Nightspots

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RE: Nightclub Themed Banquet Hall For Sale-29602 Broker: Nathan Goldstein

Quick Facts

Asking Price: $199,000
Annual Revenue: $352,004
Net Profit: Not Disclosed
Cash Flow: $114,310
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 2
BBN Listing #: 77534447
Broker Reference #: 29602

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Business Overview:

Nightclub Themed Banquet Hall. **MAJOR PRICE REDUCTION** VERY UNIQUE CONCEPT. This company specializes in providing private events/parties in a 3,400 sq. ft. nightclub themed space. They handle many different events for all ages, from sweet 16's and birthday parties, to milestone parties and graduations. There is no liquor license, but patrons can bring their own liquor as long as it is served by a bartender. This is legal as these are private events, not open to the public. There is parking across the street, as well as 3 municipal lots. They can handle events with up to 350 people. Only 2 people are needed to operate the business on a day-to-day basis. Staff hiring for events will vary for each booking. The current owner is selling because he cannot devote his full attention to this business. The business has been growing since it opened. In the past year the business grossed approx. $352,004.00 with a net income of approx. $114,870.00. THE SELLER KEEPS EXCELLENT BOOKS AND RECORDS. Each booking must provide a deposit and there is a record of every booking. There are 6 years left on the current lease at $5,302/mth., but that can be extended for a qualified buyer with good credit. There is great upside for an owner/operator by growing current event bookings and by adding corporate parties and fund raisers. This is ideal for an event planner, caterer or entertainment provider (dj/promoter) We are seeking a serious and financially qualified buyer with at least $250K in liquid funds. To learn more, please call Mel Vaz at 1-877-735-5224.. ALL SITE VISITS MUST BE DISCREET. ALL SHOWINGS MUST BE BY APPOINTMENT ONLY.

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Reason for Selling:

Not enough time to manage.

Additional Details:

  • The property is leased.
  • The owner is 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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