Historic Bar & Live Entertainment Venue In Worcester For Sale

Business description

Seller's relocation is approaching, bring your 'Quick Close' offers!

Tammany Hall has been home to lovers of live entertainment since the days of prohibition! From speak easy to launching pad for such local acts as the J. Geils Band and the Cars, this is Worcester's oldest continuously operating club. As the current owner prepares for a career change, this is your opportunity to own your very own piece of history. Just as each new cast has taken over Saturday Night Live and made the show their own, this is your time to shine. Take all that Tammany Hall has been and build the future in the Social Networking era. Bring in wi-fi, pre-packaged salads and sandwiches and open for the local lunch crowd. Use your Twitter and Facebook skills to grow the business, or harken back to your roots with a speak easy night. Tap into the vast Worcester college scene to grow your 18 and over crowd base. However you choose to take Tammany Hall forward, don't miss this chance to become a part of the vibrant live music scene in Massachusetts.

Property information

Real Estate:

Lease

Lease terms:

Currently leased into 2014 with options.

Leasehold rent:

$47,875 per annum

Location:

Conveniently located in the heart of Worcester's vibrant downtown area! Street parking (Metered until 6PM), paid parking garage directly across the street. Seller has a great rate with a local area business to offer free patron parking in their lot after 5PM.

Premises details:

Approximately 3200 square feet - ample stage, bar, game area, storage space.

Business Operation

Expansion potential:

Your imagination is the limit here...

Licensed for pre-packaged food sales, you could add free wi-fi, sandwiches and salads and capture the bustling lunch crowd! Tap into the massive college population in and around Worcester to offer "outside the box" theme nights like a speak-easy night or acoustic open mic for example. Bring your social media savvy to grow the business!!!

Competition / Market:

This is Worcester's longest continuously running club, dating back all the way to it's speak-easy days during prohibition! No other live entertainment venue in the area offers the same genre mix.

Reasons for selling:

Seller is making a career change.

Trading hours:

Hours vary depending on the events but there is usually a crowd here 6 nights a week!

Employees:

4 part time

Years established:

Over 90 years!

Other information

Support & training:

Seller will familiarize buyer with business operation for up to 2 weeks.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller is willing to consider all reasonable financing requests. - Bring us your quick close offer today!!

Furniture / Fixtures value:

$60,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)