ID# 1598 – Fully Turnkey Nightclub and Bar

Passaic, NJ
Passaic County

formerly Loop Lounge

Asking Price: Annual Revenue:
$380,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots

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RE: ID# 1598 – Fully Turnkey Nightclub and Bar Broker: Seller of Business

Quick Facts

Asking Price: $380,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 552957204
Broker Reference #: 1598

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Business Overview:

For decades, The Loop Lounge in Passaic, NJ was a legendary nightclub that featured DJ music as well as live bands. Many bands that went on to worldwide success, such as Nine Inch Nails, Faith No More, My Chemical Romance, Dramarama, Killing Joke, The Jesus And Mary Chain, The Brian Jonestown Massacre, Gang of Four and Johnny Thunders, originally played "The Loop".
Four years ago the place was completely remodeled but due to a partnership split, it never actually reopened. The current owner has a career outside of the bar business and is now offering this great corner location for the a very compelling price. The sale includes all of the new equipment and improvements, the property and liquor license. The roof is also new as are a number of the joists supporting it. The interior was fully renovated including the bathrooms, and the entire tap beer system was also redone. The plumbing and electrical systems were upgraded as well except for one original electrical junction box. They also added a state-of-the-art modular 20' (customizable) large screen in the main room. If owning a fully turnkey nightclub/bar is what you are looking for, the Loop offers that plus a rich NJ nightlife history. Call today to schedule your showing.

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Property Features and Assets:

Sale Includes: Property, Building, Liquor License, Furniture, Fixtures and Equipment.

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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