Business Overview:
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. The nightclub has limited operations due to the pandemic and was closed during a certain period due to the owners passing. The present monthly income is $75,000 based on a two-day work week. However, the business projects $1,000.000 gross yearly sales with a profitable net yearly income.
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Property Features and Assets:
The business fixed assets have an estimated value of approximately $450,000 which is based on replacement cost of the assets. The sale consists of a fully equipped night club which includes, a valuable New Jersey consumption liquor license, various licenses, sound and lighting systems, POS system, tables, computers, software, full kitchen including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. The accurate value of the assets will be calculated during the allocation period.
Market Competition and Expansion:
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.
Reason for Selling:
The purpose of this sale is due to the owners pass.
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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