Retail - Bars/Taverns | Retail - Other Eating & Drinking Places

$Seller Financing Available

Asking Price	$329,000	Inventory	$3,000**
Gross Income	$335,000	Real Estate
Cash Flow	$100,000	Year Established	1948
FF&E	$175,000*	Employees	5

* included in the asking price

** not included in the asking price

A local Night Club & Lounge with entertainment approval is located in a highly populated, commercial area of Passaic County, New Jersey. The business is conveniently near a large state college and is widely known for its college theme nights and special venue performances. The facility was recently upgraded and modernized for an attractive image and with all new equipment. The facility includes a large bar area with a DJ booth, a lounge area and a separate room for live shows. The business offers primarily drinks and a minimal food menu. The atmosphere is very Chic, with attractive decor and the venue supplies an enjoyable night life experience to all its customers. The sale includes a valuable liquor license and entertainment approval. A must see location!

Facilities: Bar Lounge facility consists of 1,300 square feet with an indoor capacity for 175 people. The facility has been fully upgraded with an attractive image including two bars, a full kitchen, modern bathrooms and many more upgrades. An existing 5 year lease with two additional 5 year options is available for transfer. A valuable liquor license is included in the sale. The monthly rent is $2,550.

Competition: No similar dance clubs exist in the immediate area.

Growth/Expansion: With updated marketing and greater promotion, the business can be further developed.

Seller Financing Available: Yes

Support/Training: Seller will provide a complete review period. Sale is subject to the successful transfer and approval of the liquor license.

Reason Selling: Partner Separation & Relocating