Adult Club Lease Or Purchase Business
www.GlobalBX.com
Listing ID:
700322132
Listing Title:
Adult Club Lease Or Purchase Business
Quick Link:
http://www.globalbx.com/listing.asp?bId=322132
Industry:
Entertainment and Leisure
Industry Segment:
Other Entertainment and Leisure
Country:
United States
State / Province:
New Jersey
Area
City:
Passaic County
Asking Price Range:
< $250K
Gross Revenues:
$500,000
Cash Flow:
Seller Will Provide
Cash Flow Type:
EBITDA
Year Established:
2015
Number of Employees:
1 - 3
Business Description:
Lease or purchase, this unusual business opportunity which represents a licensed adult club in Northern New Jersey and in a highly-populated city of Passaic County. The sale includes a fully upgraded club, consumption liquor license and adult entertainment license. The club is presently closed due to the separation of the staff and take over by the owner / investor. The club can be purchased separately with the various licenses or with the property as a package sale. This business transaction will offer a commercial lease which expires 2028-01-01 plus additional options, with a monthly rent of $4,500, cost per square foot is estimated at $15.90 and rent security of approximately $10,000. The business fixed assets has an estimated value of approximately $250,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped adult night club, which includes displays, kitchen, refrigeration & freezer units, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request.
This successful business operation was active five days per week, with hours from 4:00 pm to 3:00 am. This transaction represents an excellent business opportunity with substantial potential for growth. Based on a 20-year payout at 5% interest, 20% down payment purchaser should obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
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