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Remote Lake Front Gentlemen’s Club

Morris County , New Jersey

Asking Price: Gross: Cash Flow:
$1,500,000 Undisclosed Undisclosed

Real Estate:
$1,000,000 (included in the asking price)

Business Summary:
UNLIMITED POTENTIAL ESTABLISHED GO-GO ENTERTAINMENT FACILITY. Largest and at one time busiest Gentlemen’s Club in the entire area which has a capacity of 299 and can be upgraded to 500 has two bars main bar serving 85. It consists of a 5,000 sq. ft. stand-alone building, plus a 2 BD RM apartment on main property, and parking for 300. Sale includes 3 lots one of which is beach front with 60 boat slips, picnic area, boat house, showers and changing room. Over 4 acres of undeveloped land. Included Cabaret license, picnic license and clean liquor license valued over $500,000. A one time Mecca for tourists and residents in the area. Jackie Gleason started his claim to fame at this location. They have been serving liquor before prohibition. Presently operated as a lounge with entertainment inside and a picnic license for outside with bar service and where smoking is permitted. Does 20% of present volume on food (bar menu). Does monthly big band groups to bring in host of new and regular customers. It is being run as an ALL CASH business. This place because of its remoteness and spaciousness lap dance area, champagne room and changing room can all be located within the premise with room to spare for hundreds of customers. There is unlimited potential here for the right buyer who knows cabaret and entertainment business. Business includes 3 parcels of land that can be developed. Owner will not divide and it must be sold with cabaret and liquor license. For further information, please contact Vito Mastromonaco or Gene Reilly at 908-851-9040. email: [email protected] or [email protected]

 
   
   
Year Business was Established: 1922
   
Number of Employees: 4  
   
Facilities / Terms of Lease: Attractive structure from outside, 2 bars main bar,85 seats cavernous interior where 500 patrons can be accommodated parking for over 300 cars, beach area with bath house and 60 boat slops 3 lots and building & License. Sold as a package needs TLC to upgrade to get to mega new potential  
   
Potential Growth/Expansion: Development options that can be pursued for further increase in sales.  
   
Competition: Because remote location no direct competition in area  
   
Owner willing to finance: Owner would give financing to strong qualified buyer  
   
Owner willing to train: Two weeks  
   
Reason for selling: Retirement after 20 year ownership  
 

 

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