Fully Equipped Go-Go Bar/Restaurant Facility for Sale w/Rental Apt
Cape May County, New Jersey
Asking Price: |
Gross: |
Cash Flow: |
$950,000 |
$1,200,000 |
Undisclosed |
Furniture and Fixtures Value:
$150,000 (included in the asking price)
Inventory Value:
$5,000 (included in the asking price)
Business Summary:
Excellent opportunity to own a fully equipped 6,100 sq ft facility, recently renovated with an elegant décor and chic accent design. The main area includes a martini bar, full kitchen, all new equipment, and lounge area with small stage and 225 seating capacity. It currently operates as a Comedy Club but can easily be fitted for a GoGo Lounge or Restaurant/Bar. Located in a prime location in a popular summer resort town, the property also includes a separate three story, 2,700 sq. ft. apartment building with seasonal rent potential up to $35,000.
Financials represent potential revenue and cash flow operating as an existing GoGo lounge in seasonal locations. Price includes the property, C liquor license, and all the equipment valued at $150,000. After 50 years in business, owner wants to retire to Florida. Seller financing for qualified buyers.
Property is offered at $$1,250,000 with a down payment of only $5000,000 and the owner will finance the $499,000 balance over three years. Property is a must see to fully understand the potential and how easily it can be converted to a profitable concept.
For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.
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Year
Business was Established: 1959 |
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Facilities / Terms of Lease:
Recently remodeled 6,100sq.ft facility which can serve as a bar/restaurant go go bar, or night club with complete kitchen an bar. Additional separate three floor rental apartment building with parking. |
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Owner
willing to finance:
Seller financing available for qualified buyers if necessary |
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Owner
willing to train:
Owner will assist as needed |
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Reason for selling:
Owner retiring and moving to Florida |
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REQUEST MORE INFO |
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