NY Style Night Club In Essex County For Sale

Business description

Ultra Modern New York Style Nightclub in the prime area of Essex County, NJ and minutes from the International Newark
Air Port. The Night Club consists of 12,000 square feet with an indoor capacity for 950 patrons and can accommodate up
to 1,200 people. 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. This Nightclub has multiple serving bars, a full kitchen, professional sound system, DJ booth, special lighting systems, POS system, liquor license and entertainment approval and various equipment required for this industry. The building has a legal capacity for 950 customers plus space for extra capacity. Private parking for eighty vehicles is part of the lease agreement and additional municipal parking is near by the facility. The business operates, two days weekly, Friday & Saturday, hours 8:00 pm to 3:00 am. The business has a New Jersey State liquor license and a full entertainment & food license from the municipality. The sale includes a fifteen year lease term with a gross monthly rent of $12,000. The business has a large professional staff, unaware of the pending sale and expected to remain post closing. The sale includes a NJ State issued consumption liquor license, live entertainment approval, long term lease with an option for the real estate.

Property information

Real Estate:

Lease

Location:

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.

Premises details:

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.

Business Operation

Expansion potential:

With continued on site management, an improved marketing plan the business can be further developed representing a higher income to the owner.

Competition / Market:

Due to the size, capacity and style of this Nightclub, no other competitors in this area and seller will supply a non compete agreement to the purchaser.

Reasons for selling:

Retiring after many successful years in this particular industry.

Employees:

15

Years established:

1990

Other information

Support & training:

Seller will supply a full transitional period to the new operator and will remain post closing for sixty days at no additional cost.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing is available to qualified buyers.

Furniture / Fixtures value:

$750,000 (included in the asking price)

Inventory / Stock value:

$5,000

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