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Adult Club Lease Or Purchase Business
Location: United States -> New Jersey -> Passaic County
Industry: Entertainment and Leisure > Other Entertainment and Leisure




Business Summary

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.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $500,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Inventory:  $250,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2015
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing in order to supply an appropriate transitional period to the new owner / operator.
Reason For Selling:  The sale is due to the owner’s absenteeism as an investor.

Photos

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Adult Club Lease Or Purchase Business Photo 1




Print Listing Id: 700322132
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Related Searches: Amusement Parks  >  Art Galleries and Museums  >  Billiards and Bowling  >  Casinos  >  Movie Theaters  >  Other Entertainment and Leisure  > 

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



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