MergerPlace

Very Unique College Bar and Dance Club.

MADISON COUNTY, New York (Madison)


  • Asking Price: $925,000
  • Gross Income: $430,000
  • Cash Flow: $255,000
  • Real Estate: Not Disclosed
  • Inventory: $13,000
  • FF&E: $185,000
  • Listing ID: #198456
  • Established: 1972
  • Employees:

Business Description

Business Description:
“Unique opportunity for One of a Kind” turn key business and Historic Commercial Building. Business in continuous operation in same family for more than 40 years.

The business has limited hours of operation affording the owners a great life style versus work balance.

Business 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 United States.

This is a true turn-key opportunity 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 manual reflects 40 years of hands on experience operating the business.




Historical Summary:
IN BUSINESS SINCE 1972.

THE ONLY GAME IN TOWN !


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:

Financial Information

Asking Price: $925,000
Gross Revenue: $430,000
Cash Flow: $255,000
EBITDA: $255,000
FF&E: $185,000
Inventory: $13,000
Seller Financing Available: Yes

Property Information

Facilities:

Option: PROPERTY FOR SALE ALONG WITH BUSINESS Square Footage: 3500 Type of Location: Stand Alone Facilities: 3,500 Commercial Building and 2,250 Square Ft Single family home. Commercial/Quiet Small Town Setting. Lake front property within 5 minutes of the business. Building and business are located in a well-known small Upstate New York Town in Madison County. This is a 3,500 Square Foot Historic Commercial Building with the business on the main floor, and a fully furnished 4-5 bedroom apartment on the 2nd floor. Apartment is fully updated and air conditioned and can be used by the business owner too. Upstairs apartment could be rented out to college students or visiting professors (estimated $40,000 in incremental annual rental income). 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 could include a beautiful lake front property with 2 lots and completely modern and updated 2,250 SF home, boat dock and two out buildings. The out buildings are currently used as an art studio and boat storage and gardening building. The house is fully furnished. Operations

Growth & expansion opportunities:

Almost unlimited, blank slate to leverage the facility for additional hours of operation for Early Evening crowd or supporting University departments and Varsity Sports Program for both home and visiting team’s tailgate events.

Competition:

NONE

Reason for selling:

RETIREMENT

Support & Training:

COMPLETE TRAINING AND SUPPORT INCLUDED

Contact Business Seller

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Business Listed By:

Mel Lisiten

LISITEN ASSOCIATES