Business Summary:
Hoboken’s hottest lounge – 7,000 sq ft of pure enchantment. One has to enter into this (862 capacity) to visualize its extravagant atmosphere of pure enjoyment. 5 main bars plus 9 stations makes this ornate palace of 3 stories a gathering place for the residents, workers, and travelers to Hoboken. City’s municipal parking lots surround the facility.
This extremely profitable situation seats over 80 for dinner plus outside patio area seating, all staffed with competent servers. Over $1,500,000 million in improvements with plasma TVs visible from all areas. 1st floor has dining area plus large dance floor plus 4 main bars. 2nd floor club has huge bar plus stations to accommodate customers on its well audio-ed dance floor. 3rd level has bar stations and viewing terraces overlooking club – over looking club in its entirety. One can only imagine the type of cost and ideas of its owner to put this successful visual facility together. On St Patrick’s day this ultra concept establishment does over $300,000 in volume. The Club/Lounge does huge numbers on weekends, with waiting lines for those who wish to enter.
Located in Hoboken’s Financial District with plenty of job holders in adjacent buildings. From this abundance of area day/night workers, any food concept can be had. All places in Hoboken succeed. This establishment continues to get better. Owner willing to get out at extremely low price, wants to move to California where he has a villa. Place comes with a great lease of 16 years. A buyer has to enter inside to visualize this hot concept of money making pleasure, located in extremely safe area, near NYC transportation. ‘C’ liquor license valued over $500,000.
Food cost 32% (less than 20% of total volume) Liquor Cost 18% over 80% of volume. Net can easily increased by media advertising. Very picturesque area with plenty of walk by traffic.
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