Fully Equipped New Jersey Go Go Bar Restaurant For Sale

Business description

Excellent opportunity to own a fully equipped 6,100 sq ft facility, recently renovated with an elegant décor and chic accent design. The main area includes a martini bar, full kitchen, all new equipment, and lounge area with small stage and 225 seating capacity. It currently operates as a Comedy Club but can easily be fitted for a GoGo Lounge or Restaurant/Bar. Located in a prime location in a popular summer resort town, the property also includes a separate three story, 2,700 sq. ft. apartment building with seasonal rent potential up to $35,000.

Financials represent potential revenue and cash flow operating as an existing GoGo lounge in seasonal locations. Price includes the property, C liquor license, and all the equipment valued at $150,000. After 50 years in business, owner wants to retire to Florida. Seller financing for qualified buyers.

Property is offered at $$1,250,000 with a down payment of only $5000,000 and the owner will finance the $499,000 balance over three years. Property is a must see to fully understand the potential and how easily it can be converted to a profitable concept.

Property information

Premises details:

Recently remodeled 6,100sq.ft facility which can serve as a bar/restaurant go go bar, or night club with complete kitchen an bar. Additional separate three floor rental apartment building with parking.

Other information

Support & training:

Owner will assist as needed

Reasons for selling:

Owner retiring and moving to Florida

Financing available:

Seller financing available for qualified buyers if necessary

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)