Successful nightclub & restaurant which can include the property or a long term lease and valuable liquor license located in Northern New Jersey, Hunterdon County. The club is approved for live entertainment and has a continued gross yearly income of $305,000 and a consistent net yearly income to the owner operator and prior to debt service. The facility also has available a one-unit residential rental with a yearly rent $18,000. The business is located on an active county road conveniently located near various highways. The real estate property has a value of $420,000 and the liquor license has an actual value of $125,000. The sale includes a fully equipped modern Pub Restaurant including a full 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 restaurant club business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $5,800. Purchaser has the option to purchase the real estate or the business with a long term commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $3,600 triple net and rent security $5,000. The business is located in a free stranding facility which consists of 2,000 square feet and has a capacity for approximately seventy-five customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 4:00 pm to 2:00 am. The sale includes live entertainment approval, state issued liquor license, a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This can be a most dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 33% investment return to the owner operator prior to debt service. The business 2015 yearly income is projected at $305,000 with a solid yearly net income of $109,000 to an onsite owner, prior to debt service. The business has been valued at $275,000 based on a multiple of the net yearly income and the value of the specific business assets, live entertainment approval, liquor license and seller financing has been approved to a qualified buyer with an appropriate down payment. The business and real estate is available for $650,000. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Posted Mar 23, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.