Bielat Santore has sold another New Jersey bar.
The Allenhurst-based commercial real estate firm has sold more restaurants and bars in New Jersey than any other real estate company. Now, one more can be added to its list. Jersey Girls, a closed bar located on Route 35 in the Lawrence Harbor section of Old Bridge Township was recently closed by Bielat Santore & Company’s Sales Associate, Bob Gillis.
With a history that dates back to the 80s, the then-popular bar Harbor Lights has had several owners which also saw it evolve into a go-go bar, then a Gentlemen’s Club and most recently into Jersey Girls, an adult themed nightclub which was only open for private parties.
The bar had been closed for some time when the property owners, long-time clients of both Bielat Santore & Company and Gillis gave the firm an exclusive listing agreement to sell both the real estate, a half-acre lot on Route 35, and a Class “C” plenary retail consumption liquor license.
Bielat Santore knew it would not be an easy sale. With the business closed and current economic conditions causing banks to be reluctant to finance a start-up, the company had its work cut out for them.
Gillis persevered and through one of his many contacts was able to secure private financing to facilitate a sale.
Bielat Santor managed the entire sale process; including but limited to, negotiating the transaction structure, preparing a letter of intent, providing the attorneys with a first draft of a contract, processing the liquor license application, procuring the financing, and ultimately closing the deal.
After minor renovations and branding, the new owners will be opening an adult themed Cabaret called Sweethearts, with a targeted grand opening in early November 2024.
