Description of the business for sale
A very successful asian accented chic Restaurant & night club business located in Essex County, New Jersey. The club is very well known for dance and entertainment and has a gross income of well over one million dollars yearly. This is a state of the art facility with modern equipment, a full kitchen and all the parking you can possibly require. The facility has multiple floors that offer a very attractive setting and excellent layout to conduct business. The business has a substantial yearly net income which can be further developed with new management. Seller will provide financing for the business and a complete training period.
GROWTH: The club business has no limitations, with continued marketing and promotions the business can be further improved and developed for a greater income.
COMPETITION: No similar competitors exist in this particular area.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: Owner Financing is available to a qualified purchaser.
• Inventory: $4,500.
• FF&E: $325,000.
REASONS FOR SELLING: Retirement
Support / Training provided by seller
Seller will supply a complete due diligence and transitional period.
Description of the facilities
Night Club facility is 3,350 square feet with an indoor seating capacity for 290 people. Business is located in an upscale area and is conveniently located near major highways. New ten year lease will be supplied to new purchaser. Private parking for 200 vehicles is part of the lease agreement.