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Nightclub LIVE ENTERTAINMENT

RestaurantsFor Sale in Matawan, NJ

Listing ID: ADDCL187 | Broker Listing ID: BLP640257

Financial & Assets Details

$1,000,000
$150,000
$225,000
$1,500
3000+/-

About the Business

1975
$4,400
Yes

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.

Listing ID: ADDCL187

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