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Ultra Modern Night Club
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1560000
Net Profit / Cash Flow $350000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1990
Number of Employees 10 - 19
Inventory 750000 Equipement Only
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Seller will supply a full transitional period to the new operator and will remain post closing for sixty days at no additional cost.
Reason for Sale Retiring after many successful years in the industry.
Description Ultra Modern New York style Nightclub in the prime area of Essex County, NJ and minutes from the International Newark Airport. The night club consists of 12,000 square feet with an indoor capacity for 950 patrons. The business has a huge dance floor, full stage, separate area for private functions, multiple serving bars, Private VIP area and a full kitchen. This Club has been fully upgraded during the past two years with a modern and attractive image. The business is known for its excellent sound and lighting system and super visual effects for special events. This club has a consistent and solid annual income which includes Liquor & beverage sales, entrance fees and income from special party events. The sale includes a NJ State issued consumption liquor license, live entertainment approval, long term lease with an option for the real estate. The facility consists of 12,000 square feet, free standing building, and multiple rooms with an elegant and attractive image. The facility is designed as a nightclub with multiple entrances, numerous lavatories, and separate areas for dancing, seating and socializing. The business is conveniently located near major state highways, close to an international Airport and in a commercial area which permits this type of use.
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