Nightclub LIVE ENTERTAINMENT
RestaurantsFor Sale in Matawan, NJ
Financial & Assets Details
About the Business
Business Description
New, recently remodeled ultra-modern Dance Club located on a highly active state highway of Monmouth County, New Jersey. This beautifully well designed 3,000 square foot facility is fully equipped with state-of-the-art equipment, and a customer capacity for one hundred patrons. The business is fully licensed for live entertainment with 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 to the onsite owner operator. This is a most unusual business. Reopening late 2022 after the pandemic.
Growth & Expansion
The business has recently closed due to the pandemic, is scheduled to reopen, and will require a fresh marketing plan, web site and if developed expects an approximate gross income of $25,000 weekly.
Seller Financing
Owner financing available to qualified buyer
Market Competition:
Due to the unavailability of any new liquor licenses or adult entertainment approval no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Location Details:
This retail facility is newer and recently built, consist of 3,000 square feet with an ultra-modern appearance. The club has a full kitchen, DJ area and various sections required for this industry. The business is in a mid-size mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Monmouth County on an active state highway with a substantial traffic count.
Support & Training
The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Selling:
The owner has personal issues involved in an alternative business out of the general area and cannot operate this business.