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Best Night Club in NJ for sale in Essex County, NJ

Essex County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 1,100,000 $ 1,500,000 $ 275,000

Furniture and Fixtures Value:
$ 600,000 (included in the asking price)

Inventory Value:
$ 3,000 (included in the asking price)

Business Summary:
Northeast's sleekest and most futuristic Night Clubs located in Northern New Jersey and minutes from all the major highways. This fifteen thousand square foot Nightclub has been fully upgraded and remolded with a beautiful appearance and state of the art sound and lighting system. The club is known for its most powerful sound system offering the sharpest, cleanest and indisputable best sound on the east coast. The lighting design and special effects rivals the nightclubs inside Las Vegas casinos, with an awe- inspiring array of Color Kinetics intelligent/digital LEDs complimented by traditional moving-heads and strobes. The sale includes a valuable liquor license, sound system, lighting system, full kitchen, camera system, POS system and various equipment required for this industry. The facility has a legal capacity for 600 customers consisting of 15,000 sq ft & basement. The facility has private parking as part of the lease and substantial municipal parking. The business is operational three days weekly hours from 10:00 pm to 3:00 pm. The business has a Consumption Liquor license and entertainment approval. The business has a long term commercial 17 year lease with a monthly rent of $8,000. The business has a full staff of experienced employees, unaware of the pending sale and expected to remain post closing. No detail was overlooked, and the resulting atmosphere and consistently packed crowds have made this the best Nightclub destination in New Jersey. Priced to sell with owner financing.

 

   
Year Business was Established: 1980
   
Number of Employees: 15  
   
Facilities / Terms of Lease: The facility is an ultra modern attractive free standing structure consisting of 15,000 square feet. The facility has multiple levels and various sections which include a VIP area and other private seating. The dance floor and stage area is centrally located for patron connivance. The business also has a full kitchen and basement used for storage. Located in Northern New Jersey and on a highly active commercial avenue with numerous other businesses.  
   
Potential Growth/Expansion: With the ongoing marketing system this Nightclub will continue to develop representing a substantial net income to the operator.  
   
Competition: No other competitor Nightclubs are in this particular area and the seller will supply a non compete agreement to the new purchaser.  
   
Owner willing to finance: Seller financing is available to qualified buyers.  
   
Owner willing to train: The seller will supply a full transitional period and remain sixty days post closing.  
   
Reason for selling: Involved in the medical field and is retiring from this industry  
   
Seller Reference Number: NCLB135
BusinessMart.com Listing Number: 115551
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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