William Patterson
Newark, NJ (USA)
Role(s):
Founder/Owner/Principal
82 Lounge
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Startup
Location:
Newark
Industry:
Entertainment
Year Founded:
2010
Number Employees:
10-50 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
82 Lounge is owned and operated by two people with a combined experience of more than twenty years in the food/lounge/club field. We have been working hard on our project since January of 2010, putting together a solid business plan with payroll, advertising, market analysis, demographics, renovations, etc... Our biggest time consumer was finding a location. We took our time with research and better judgement on where we want our business. We are seeking funds to purchase an existing business and working capital, our business plan will show in detail how the funds will be used. We are kind of on a time line due to others looking at the establishment. To give you brief description of the business we are interested in, 3,300 sqft facility with a full finished basement and a second floor balcony to view the first floor. It is a very beautiful place with tons of potential. It holds (125) people with a (175) car parking lot. The current income of this business is $750K-$1M per year, with our top of the line promotions, we will definately hit this mark consistantly. Thank you for taking thw time to read our description and hope to talk soon.