Description

Successful Gentlemen’s Club with live adult entertainment approval located Northern New Jersey on an active commercial road and convenient to all major highway. This is a BYOB, Juice Bar with a full stage for entertainment, is couple friendly offers light food / buffet and is non-smoking. The club can also be changed to a different venue with an available liquor license. The adult entertainment license approval is virtually impossible to obtain and represents a substantial value. The facility has pool tables a full time DJ, Nude dancers, private lap dances, VIP room and excellent personal service. The club also offers popular bachelor parties and special events. Due to the particular nature of the industry, there is limited cost to payroll, cost of goods etc. representing a substantial markup return to the owner operator. The sale includes a fully equipped adult club restaurant with a large stage, sit down bar area, refrigeration & freezer units, displays, shelving, POS system, tables, computers, software 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 twenty dancers who are paid by tips and five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,800. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $5,900 + cam and rent security $10,000. The business is in a free stranding facility which consists of 2,500 square feet has a capacity for approximately one hundred customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active four days per week, with hours from 4:00 pm to 3:00 am. The sale includes adult entertainment approval, a certificate of occupancy from the particular municipality and the required city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a substantial investment return to the owner operator prior to the debt service. The 2015 yearly income is $320,000 and consistent net yearly income of $10,000 as an onsite owner operator and prior to debt service. This business opportunity has been priced at $295,000 based on the value of the assets and a multiple of the net yearly income, along with the specific value licenses and certificate of occupancy and seller financing has been approved to a qualified buyer. 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 Jul 21, 2016

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