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Nite Club, Recording Studio & Prime Real Estate for sale in Dover, New Jersey
Nite Club, Recording Studio & Prime Real Estate
Dover |
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Club,Recording Studio & Prime Property available. After 38 yrs, partners are looking to slow down. Interested in a wrkng partner to join them & eventually,new partner can buy them out.Bldg is 5,000 Sq ft, with ¾ of an acre of cmrcl land on a main street.Includes a Broad C Liquor license & Cabaret License. 15-25 girls dancing at all times.Studio can accommodate lrg groups,choirs,orchestras & features 3 iso booths. There is a C7 Grand Piano,Automated Amek 56 channel console w/ Neve Mic pres & EQ’s, multitrack Anolog Recording. |
Listing Number: 1222
Kate Costello - Listing Broker
3 Prospect Street, Morristown, NJ 07960
Telephone - (973) 895-3333
E-mail -
kcostello@capitalbbw.com
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| Category |
RETAILING BUSINESSES |
| Sub-Category |
Bars/Taverns |
| Asking Price |
$2,200,000 |
| Gross Sales |
$800,000 |
| Cash Flow |
$346,720 |
| FFE |
$25,000 |
| Inventory |
$750,000 (Inventory IS Included) |
| Real Estate |
$2,000,000 (Real Estate IS Included) |
| Employees |
7 - Full-Time
0 - Part-Time |
| Facilities |
$10,000 per month in rent, 5,000 sqft, 3/4 of an acre of land |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
Recording Studio is a "c" corp, land and club are "S" corps
The club is open from 12:00pm till 2:00am. Saturdays till 3:00am. |
| Growth Notes |
Recording studio can be sold separate. Studio charged per booking. 3/4 of an acre available for build out. |
| Support Training |
Will train the new partner for an eventual buy out.
There are 2 exsisting partners- new partner will have 1/3 of everything |
| Year Established |
1973 |
| Financing Terms |
n/a |
| Reason for Selling |
Available partnership to turn into a full buy out. |
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