Long stating Gentlemen’s club with real estate located in a highly populated urban city of Central New Jersey and in the County of Mercer. The business is on an active county road, near a commercial mall with various national retail stores which attract a huge volume of daily shoppers. The club consists of twenty-five hundred square feet with a private dance area, large stage and a commercial kitchen. The sale also includes the real estate which consists of five additional residential rentals. The sale consists of a fully operational Pub Restaurant which includes, the real estate with a value of $680,000, a NJ consumption liquor license with an estimated value of $175,000, and a municipal certificate of occupancy for adult entertainment. Also included is a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has five bar maid employees, who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,600. This adult nightclub business is located in a free standing facility and has a customer capacity of 120, the entire building with the rental units consists of 5,750 square feet. The facility has appropriate private parking on site for forty vehicles. The business is active six days per week, closed Sunday, with hours from 12:00 noon to 3:00 pm. The sale includes, adult entertainment license, New Jersey state issued consumption liquor license, a certificate of occupancy from the particular municipality and the required city food licenses to conduct its day to day business. The real estate has a state license as a rooming house for weekly rentals. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is $400,000 and the business has a yearly net income of $80,000 based on an owner operator and prior to debt service, plus rental income. The business and property has been priced at $895,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing may be available to a qualified buyer with the appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.

Posted Jul 21, 2016

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