- Listing ID: 897073
- (Seller ref: NCLB106)
Local Nightclub & Lounge Near State College For Sale
- Location:
-
- USA
- > North East
- > New Jersey
- > Passaic County
- > Passaic County
- Category:
- Type:
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Summary
- Asking price:
- $329,000 (Furniture / Fixtures included)
- Sales revenue:
- $335,000
- Cash flow:
- $100,000
- Years established:
- 61
- Employees:
- 5
Business description
A local Night Club & Lounge with entertainment approval is located in a highly populated, commercial area of Passaic County, New Jersey. The business is conveniently near a large state college and is widely known for its college theme nights and special venue performances. The facility was recently upgraded and modernized for an attractive image and with all new equipment. The facility includes a large bar area with a DJ booth, a lounge area and a separate room for live shows. The business offers primarily drinks and a minimal food menu. The atmosphere is very Chic, with attractive decor and the venue supplies an enjoyable night life experience to all its customers. The sale includes a valuable liquor license and entertainment approval. A must see location!
Property information
- Real Estate:
- Lease
- Lease terms:
- An existing 5 year lease with two additional 5 year options is available for transfer. A valuable liquor license is included in the sale. The monthly rent is $2,550.
- Leasehold rent:
- $30,600 per annum
- Location:
- Bar Lounge facility consists of 1,300 square feet with an indoor capacity for 175 people.
- Premises details:
- The facility has been fully upgraded with an attractive image including two bars, a full kitchen, modern bathrooms and many more upgrades.
- Size in square feet:
- 1,300
Other information
- Expansion potential:
- With updated marketing and greater promotion, the business can be further developed.
- Competition / Market:
- No similar dance clubs exist in the immediate area.
- Support & training:
- Seller will provide a complete review period. Sale is subject to the successful transfer and approval of the liquor license.
- Reasons for selling:
- Partner Separation & Relocating
- Trading hours:
- Monday thru Saturday
4:00 pm to 2:00 am
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
- Seller financing is available
- Furniture / Fixtures value:
- $175,000 (included in the asking price)
- Inventory / Stock value:
- $3,000
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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- USA
- > North East
- > New Jersey
- > Passaic County
- > Passaic County
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