Seller's Contact Information
- RE: Night Club Live Entertainment
- Contact: Customer Service
Quick Facts
| Asking Price: | $495,000 | |
| Annual Revenue: | $1,000,000 | |
| Net Profit: | $150 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 350,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | 10 | |
| BBN Listing #: | 62393909 | |
| Broker Reference #: | NCLB101 |
Business Overview:
Highly successful 15,000 square foot modern Hotel night club with a capacity for 675 customers and available to purchase. 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 approximately $75,000 based on a two-day work week. However, the business projects $2,000.000 gross yearly sales with a profitable net yearly income.
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Property Features and Assets:
This wonderful business opportunity located in Northern NJ on a state highway, at the entrance of the New Jersey Turnpike and minutes from the New York Lincoln Tunnel. The area consists of various urban communities and a population of hundreds of thousands of residents that seek this form of nightlife entertainment. The facility is a modern attractive free-standing structure consisting of 15,000 square feet and is located in a large franchise hotel. The facility has multiple levels and various sections which include a VIP area and other private seating. The dance floor and stage areas are centrally located for patron connivance. The business also has a full kitchen and private entrances.
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:
Absentee owner
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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