Gentlemens Club In Essex County For Sale

Business description

Highly successful Adult Night Club & Lounge located in a very metropolitan area of Essex County, New Jersey. This popular, well known business offers primarily drinks, minimal food and adult entertainment. The business consists of two floors with the first floor 1,650+ square feet and the second floor a 1,000 square foot private dance area. The business is in a modern club facility which includes an ample bar and a full kitchen. The Lounge setup is very attractive and designed for a high volume of business. The second floor is designed for private parties with a full stage and a large bar. The business is located near a popular Stadium which attracts thousands of customers. This opportunity includes a liquor license valued at $110,000. The seller wants to retire and has recently reduced the sale price below market value and with seller financing available. There is also an option to purchase the real estate property. This is a very unusual opportunity and a definite must see location.

Property information

Real Estate:

Real Property Included

Location:

The business is located just off a major highway close to the New Jersey Turnpike, Newark Airport and numerous state highways.

Premises details:

The city of Newark, which is the second largest city in the state of New Jersey, is one of the very few municipalities that allow Adult Entertainment. The facility consists of a total of 3,380 square feet with two floors and a full basement. The business has a very small kitchen and serves a minimal amount of food. Seller will supply a 15 year lease with a monthly rent of $3,500 for both units. The seller will also supply an option to purchase the real estate.

Business Operation

Competition / Market:

No other competitive adult clubs are in this particular area.

Reasons for selling:

Retiring from this industry after many successful years.

Trading hours:

Monday thru Saturday
4:00 pm to 2:00 am

Other information

Support & training:

The seller will supply a sixty day post closing training period.

Financing available:

Financing is available to a qualified purchaser with a substantial down payment.

Furniture / Fixtures value:

$350,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)