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Largest Dance Club between NYC and AC

Ocean County, New Jersey

Asking Price: Gross: Cash Flow:
$990,000 $800,000 $84,649

Furniture and Fixtures Value:
$550,000 (included in the asking price)

Inventory Value:
$5,000 (included in the asking price)

Business Summary:
This is a one of a kind ultra-modern multi-faceted Nightclub & Party Center with live entertainment in the prime area of South Jersey and minutes from the Garden State Parkway. The nightclub consists of 10,300 square feet with an indoor capacity for 1,000 patrons and parking for over 800. The business has a huge dance floor, full stage, separate area for private functions, multiple serving bars, Private VIP area and a full kitchen. This Club has a modern and attractive image yet remains warn and inviting. From the moment one enters, they are transported to another world with ultra-modern setting you are greeted by crystal chandeliers, leather couches and dining tables the facility consists of multiple rooms with an elegant and attractive image. The facility is designed as a nightclub with separate areas for dancing, seating and socializing and there is a fenced in outside seating area and bar for additional revenue on those beautiful spring and summer nights. And to help set that mood a State of The Art Lighting System, with over hundreds of color choices to change the mood throughout the evening or special event, along with an Ultra High End Sound System. In addition to all of the above their private parties are a great source of income, i.e.; Birthdays, Communions, Proms, Baptisms, Corporate Events, etc. Over 40 Private parties are held per year the owner has invested heavily in the build-out, infrastructure and social media of the club. This Nightclub has multiple bars, a full kitchen, professional sound system, special lighting systems, POS system, liquor license and entertainment approval and various equipment required for this industry. This opulent Club draws a huge crowd for its various Wednesday, Friday, Saturday and Sunday venues. Hours are from 9:00 pm to 2:00 am. The business is known for its excellent sound and lighting system and super visual effects for special events. This club has a consistent and solid annual income which includes Liquor & beverage sales, food, entrance fees and income from special party events. The sale includes a NJ State issued consumption liquor license (valued at over $550,000), live entertainment approval and a long term lease is available. The business has a professional staff, unaware of the pending sale and expected to remain post-closing. Due to the size, capacity and style of this Nightclub, there are no other competitors in this area and seller will supply a non-compete agreement to the purchaser. This business is perfect for a promoter or social oriented entrepreneur wanting to run his own business and take this company to the next level.

 
   
   
Year Business was Established: 2008
   
Number of Employees: 1ft-4pt  
   
Facilities / Terms of Lease: Huge facility over 10,000 sq. ft., all set for entertainment with ample bar facilities mall parking for over 1,000 cars. Updated furnishings and latest in electronic equipment.  
   
Potential Growth/Expansion: As with all club advertising is the key the bigger the entertainer’s name more revenue collected at the door.  
   
Competition: This is the largest all year round clubs set up between NYC and AC- Place has huge following attracting customers from NYC and AC.  
   
Owner willing to finance: Negotiable  
   
Owner willing to train: Two weeks training  
   
Reason for selling: Has overseas business to run  
 

 

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