Dance Club
Business Description
Successful nightclub restaurant with a valuable liquor license and live entertainment approval located in Northern New Jersey, Hunterdon County. The club is approved for live dance entertainment and has a continued gross yearly income of $675,000 and a consistent net yearly income to the owner operator, prior to debt service. The facility also has available one-unit residential rental. The business is located on an active county road conveniently located near various highways. The real estate property has a value of $550,000 as an option to purchase and the liquor license has an actual value of $175,000 plus the value of the municipal live entertainment license. Dependable business opportunity as a consistent return on investment to the owner operator prior to debt service.
About the Business
- Years in Operation
- 30
- Facilities & Assets
- This modern retail facility consists of 6,000 square feet with attractive professional appearance. The business location consists of a free-standing structure on an active highway with various other active and successful businesses. This opportunity is located in Northern New Jersey, Hunterdon County, which consists of various populated communities with continued demand for this food and entertainment service. The facility has a capacity for seventy-five customers and an outdoor bar and patio for an additional forty patrons.
- Market Outlook / Competition
- To the best of our knowledge due to various circumstances, 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.
- Opportunities for Growth
- The business presently has a limited marketing plan, poor web site and if improved it can further develop the business’ bottom line corporate income. The company has minimum food sales, bar maids and dancers have no salary, rather tips, ATM is owned by the company with net income of $1,500 monthly, minimum bachelor parties.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,000
- Rent
- $6,000.00 per month
- Lease Expiration
- 1/1/2036
About the Sale
- Seller Motivation
- The owner is retiring from this industry due to alternative business opportuniti
- Transition Support
- The owner will remain post-closing for 30 days and supply a transitional period
- Financing Options
- Owner financing is available to qualified buyer.
Listing Info
- ID
- 2432676
- Listing Views
- 13
Listing ID: 2432676 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleNew Jersey Businesses for SaleNew Jersey Food & Beverage Businesses for SaleNew Jersey Bars & Taverns Businesses for Sale
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