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.
Asking Price $275,000
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