ONE OF A KIND COLLEGE BAR AND DANCE CLUB
(ENTERTAINMENT, REAL ESTATE, BARS, CLUBS, RESTAURANTS)
A COLLEGE TOWN IN NEW YORK, NEW YORK
Listed Price: $ 925,000
Listing ID: XC2180415
Listing DetailsCash Flow: $ 250,000
FFE: $ 200,000 (Included in Price)
Real Estate: $ 1,325,000
Form of Ownership: S Corp
Terms and Conditions: NEGOTIABLE
Reason for Sale:
RETIREMENT
Training & Support:
COMPLETE TRAINING AND SUPPORT INCLUDED IN SALE
Listing SummaryBusiness Description:
UNIQUE COLLEGE BAR, DANCE CLUB AND LAKEFRONT PROPERTY.
The business has been in continuous operation for more than 40 years.
It caters almost exclusively to local college students.
Students are typically bused into the local town and picked up by a continuous bus run back to campus.
The business is the only location in town that offers dancing.
The business is nationally renowned and for the last 3 years has been named one of the top 50 College Bars in the US.
This is a true turnkey sale as the bar is equipped with every imaginable item and gadget needed to run an efficient bar operation.
Addionally it is equipped with a state of the art sound system.
Company has a detailed operating manual that describes all processes, procedures and systems.
The new owner will find that 40 years of hands on experience is reflected in the manual.
The second oor apartment is fully furnished and in move in condition.
Business Price |
$925,000 |
Commercial Real Estate |
$850,000 |
5250 SF. Fully furnished 5 bedroom apartment for college rentals. Property in superb condi on. Abso- lutely no deferred maintenance. |
Revenue |
$420,200 |
Lake Front Home |
$475,000 |
2 lots 2250 SF home. Completely modern and up- dated 4 bedroom, boat dock and 2 out buildings. |
Cash ow |
$250,000 |
Hours of Opera on |
M, W, T, F, S, 11 PM – 2 AM Closed in summer and on all school holidays, spring and winter breaks. (Business is in operation 8 months out of the year). |
|
FFE: (Inc.) |
$200,000 |
Historical Summary:
“One of a Kind” turn key business and Historic Commercial Building and beautiful single family lake front house.
College bar and dance club.
Family owned and operated for more than 40 years. Owners retiring.
Real estate available. Great cash flow. Very little competition.
Historic Commercial Building and Business with fully furnished apartment for 5 college student rentals.
Sale also can include fully furnished single family lake front home.
The business is the only location in town that offers dancing.
The business is the number 1 entertainment venue for the students.
It typically has more than 800 annual paid VIP members.
Owner Qualifications:
Business and hospitality experience a plus.
This opportunity is for someone looking for excellent earning and yearning for the peacefulness of small town living versus the congestion, traffic and fast pace of city life.
With the business operating on the same schedule as the college there is significant time for vacation and relaxation.
The attractiveness if further enhanced by the weekly schedule which is only 5 nights a week for 3 hours each night.
There is a long and strong interconnectedness between the business, the university, the students and the alumni.
The business is the number 1 entertainment venue for the students.
The business typically has more than 800 annual paid VIP members.
This is significant because not only does it provide for a consistent flow of business income, it also gives the business a clientele with an ongoing connection and therefore they are very respectful of the property, owners and fellow members.
Competition:
EXTREMELY LIMITED
Potential Growth:
UNLIMITED
Financing/Terms:
NEGOTIABLE
LocationSquare Footage: 10000
Type of Location: Stand Alone
Facilities:
Building and business are located in a well known small North East College Town.
This is a 5250 Square Foot Building with the business on the main floor, and a fully furnished 5 bedroom apartment on the 2nd floor.
There is a semi- finished, well laid out and organized basement used for storage.
Paved parking area with 22 spaces.
All systems and equipment are in excellent condition and of the highest quality.
The property is in pristine condition. Absolutely no deferred maintenance.
In addition to the commercial building and business the sale includes beautiful lake front property with 2 lots and completely modern and updated 4 bedroom, 2250 SF home, boat dock and 2 out buildings.
The out buildings are currently used as an art studio and boat storage and gardening building.
The house is being sold fully furnished.
OperationYear Established: 1972
Days & Hours of Operation: M, W, T, F, S, 11 PM – 2 AM Closed in summer and on all school holidays, spring and winter breaks.
Owner Hours: 10:30 PM to 2:30 AM. ON OPEN DAYS
Employees: 4
Managers: 2
Absentee Owner: No