Market Leading Nightclub And Restaurant For Sale
Market Leading Nightclub And Restaurant For Sale
For sale is a 45+-year-old New Jersey venue with a $1M liquor license included. The property consists of three areas: an indoor restaurant and bar, outdoor dining and bar, upstairs lounge, night club, and banquet facility. They offer dining and drinks, nightlife, and private events. Their multipurpose facility is the only one in the area that provides a nightclub lounge after hours, a big attraction for guests and private parties consisting of sweet 16s, corporate parties, wedding receptions, fundraisers, and mitzvahs
Location
Country: | USA |
State or Province: | NJ |
City: | n/a |
Location Zip or Postal Code: | n/a |
Listing Information
Service Type: | Sit-Down Table Service, Liquor Primary |
Title of Listing: | Market Leading Nightclub And Restaurant For Sale |
Year Established: | 45 |
Number of Locations: | 1 |
Number of Seats: | Over 150 |
Size: | 20000, Square Feet |
Patio: | Yes |
Number of Employees: | Over 50 |
Hours of Operation: | 4PM - 12 PM (Wednesday - Sundays) |
Growth or Expansion Opportunities: | Open the venue 2 more days a week and extend the operating hours / Take advantage of the massive demand in the area for to-go food by incorporating services such as Uber Eats and DoorDash / Incorporate advertising and marketing to attract more clientele and private events; the company is currently not advertising outside its social media platforms, which alone can make a big difference |
Reason for Selling: | Retirement |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Financial Details
Asking Price: | $12,000,000 |
Gross Revenue: | 6,600,000 |
Gross Revenue Range: | Under $500,000 |
EBITDA Range: | Under $100,000 |
SDE (Sellers Discretionary Earnings): | $2,700,000 |
SDE Range: | $100,000 |
FF&E Value (Furniture Fixtures and Equipment): | 6,000,000 |
Real Estate Owned or Leased: | Leased |
Contact Listing Owner
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