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Nightclub Themed Banquet Hall For Sale
Location: United States -> New Jersey -> Essex County
Industry: Bars and Nightclubs > Nightclubs




Business Summary

Nightclub Themed Banquet Hall. VERY UNIQUE CONCEPT. This company specializes in providing private events/parties in a 3,400 sq. ft. nightclub themed space. They handle many different events for all ages, from sweet 16's and birthday parties, to milestone parties and graduations. There is no liquor license, but patrons can bring their own liquor as long as it is served by a bartender. This is legal as these are private events, not open to the public. There is parking across the street, as well as 3 municipal lots. They can handle events with up to 350 people. Only 2 people are needed to operate the business on a day-to-day basis. Staff hiring for events will vary for each booking. The current owner is selling because he cannot devote his full attention to this business. The business has been growing since it opened. In the past year the business grossed approx. $352,004.00 with a net income of approx. $114,870.00. THE SELLER KEEPS EXCELLENT BOOKS AND RECORDS.

Each booking must provide a deposit and there is a record of every booking. There are 6 years left on the current lease at $5,302/mth., but that can be extended for a qualified buyer with good credit. There is great upside for an owner/operator by growing current event bookings and by adding corporate parties and fund raisers. This is ideal for an event planner, caterer or entertainment provider (dj/promoter) We are seeking a serious and financially qualified buyer with at least $250K in liquid funds. To learn more, please call Mel Vaz at 1-877-735-5224.. ALL SITE VISITS MUST BE DISCREET. ALL SHOWINGS MUST BE BY APPOINTMENT ONLY.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $352,004
Cash Flow:   $114,310
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Seller will train buyer.
Reason For Selling:  Not enough time to manage

Photos

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Nightclub Themed Banquet Hall For Sale Photo 1 Nightclub Themed Banquet Hall For Sale Photo 2 Nightclub Themed Banquet Hall For Sale Photo 3




Print Listing Id: 700284492
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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