MergerPlace

College Leisure and Entertainment Club

Madison County, New York (Madison)


  • Asking Price: $925,000
  • Gross Income: Not Disclosed
  • Cash Flow: $250,000
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: Not Disclosed
  • Listing ID: #197678
  • Established: 1972
  • Employees: 4

Business Description

Business Description:
Unique and very famous Leisure and Entertainment Club.

Hamilton, NY.

Turn key business and Historic Commercial Building.

Recognized as one of the top 50 College Bars in USA.

In continuous operation in same family for more than 40 years.

The Company 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.

Additionally 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 hand on experience is reflected in the manual.

The second floor apartment is fully furnished and in move in condition.




Historical Summary:
Turn key business and Historic Commercial Building.

Recognized as one of the top 50 College Bars in USA. In continuous operation in same family for more than 40 years.

The Company 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.

Additionally 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 hand on experience is reflected in the manual.

The second floor apartment is fully furnished and in move in condition.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New York
Metropolitan Area: Madison County
County: Madison

Company Information

Year Established: 1972
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $925,000
Cash Flow: $250,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

THE Building and business are located in Hamilton, NY. This is home to a prestigious well known college. 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. In addition to the commercial building and business the sale includes beautiful lake front property with 2 lots and completely modern and updated 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 fully furnished. Listed Price: Business $ 925,000 Commercial Building $ 850,000 SF Lakefront Property $475,000

Growth & expansion opportunities:

UNLIMITED

Competition:

ALMOST NONE

Reason for selling:

RETIREMENT

Support & Training:

FULL TRAINING AND SUPPORT INCLUDED

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Business Listed By:

Mel Lisiten

LISITEN ASSOCIATES