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Nov 14, 2019Well known modern gentlemen’s adult club located on an active and convenient state highway in Northern New Jersey. This highly successful adult club consist of a full line of adult entertainment and features full nudity, live entertainment, a dance stage, various areas for private dancing, sports, restaurant and dozens of HD TVs. The facility has been fully upgraded with a state-of-the-art sound system and an incredible lighting system. This is a BYOB establishment and the income is obtained strictly based on various services to the patrons. The company has a 2018 gross yearly income of approximately $350,000 and an estimated net yearly income of $100,000. This adult club consist of four employees who are unaware of the pending sale. The bar staff are paid based on a work shift time and the entertainers work on tips and are responsible to pay a percentage to the house. The payroll is primarily based on an hourly basis, or a weekly base salary, the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $4,000. The business transaction will offer an assignable commercial lease which expires 2027, plus additional options available, monthly rent of $8,000 all in, cost per square foot is estimated at $33.10 and rent security of approximately $16,500. The business has been valued / priced at $350,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, possible seller financing is available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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