New, just built, ultra-modern presently closed Gentlemen’s Club located on a highly active state highway of Middlesex County, New Jersey. This beautifully well designed 3,500 square foot facility is fully equipped with state of the art equipment, a customer capacity for one hundred patrons and is scheduled to open April 2016. The business is fully licenses for this particular live adult entertainment and has a valuable consumption liquor license which is part of the sale transaction. The sale also includes a long term assignable commercial lease at a reasonable fair rent cost. The club projects a $25,000 weekly gross income and a substantial net yearly income to the owner operator. The sale includes a fully equipped new, closed nightclub Restaurant which includes, a valuable consumption liquor license, adult entertainment license, a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, sound and lighting 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 been recently built, presently closed and has no employees. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $3,700 and rent security $6,000. The business is located in an active commercial mall; the facility consists of 3,500 square feet has a capacity for approximately one hundred customers. The facility has appropriate private mall parking on site as part of the commercial lease. The business can be active seven days per week, with hours from 11:00 am to 2:00 am. The sale includes a consumption liquor license, adult entertainment approval, certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This is a most unusual business opportunity and based on the asking price, required down payment and projected yearly net income, this business expect to supply a substantial investment return to the owner operator prior to debt service. Projected income is $25,000 weekly. The business has been valued at $750,000 based on a multiple of the projected net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment. 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 $750,000
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