The total asking price of the assets of this business.
Asset Sale Description
Wonderful business opportunity to own this long-standing successful nightclub in Northern New Jersey in the County of Middlesex. This closed bar/club will include all of the assets, which includes the consumption liquor license with a long-term lease agreement and an option for the real estate or one can immediately purchase the business and property. This business was founded in 1995, as a successful club and well known in the county for live entertainment with dancing, and a fun atmosphere. This business transaction will offer a commercial lease which will expire 01/01/2029, with additional options available, a monthly rent of $3,500 (all in), cost per square foot is estimated at $10.50 and rent security of approximately $3,500. The club was active three days per week, Thursday, Friday & Saturday with hours from 9:00 pm to 2:00 am. The business opportunity has been valued / priced at $125,000 which is based on the estimated value of the assets. Also, the property can be purchased if requested through owner’s realtor. This is a dependable safe business opportunity priced very aggressively based on the asset value and this business opportunity can supply a consistent return on investment to the owner operator. All viewings are by appointment only and the photo does Not represent this particular business opportunity.
This closed nightclub facility consists of approximately 4,000 square feet on a commercial avenue and is near to various local highways for customer convenience. The facility requires remodeling and the business is closed. This opportunity is in Northern New Jersey, Middlesex County, and the general area consists of various highly populated communities with continued demand for this service.
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason For Selling:
Sale is due to partnership separation.
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