Nightclub Restaurant In Pike County For Sale

Business description

Incredible opportunity to purchase two businesses consisting of a successful restaurant Pub & Club located in a resort area of North Eastern PA, Pike County in a beautiful 1882 Victorian Structure and well known for its food and night life entertainment. This facility consisting of two floors, 10,000 square feet with a huge attractive bar, separate club and lots of private seating. The restaurant lounge is opened part of the week and the club with live entertainment approval is active two nights weekly. This sale includes a consumption liquor license, entertainment approval, commercial kitchen, multiple bars, sound & lighting system and various equipment required for this particular industry. The entire facility, restaurant lounge & club have a legal capacity for 425 patrons. The business lots of municipal parking nearby to this business active location. The business is operational five days per week with hours from 4:00 pm to 3:00 am. The business has consumption liquor license and live entertainment approval. The sale includes a long term lease with a monthly rent of $9,600. The business has a full staff of experienced employees, is unaware of the pending sale and expected to remain post closing. The business offers a long term lease with an option to purchase the real estate with built in owner financing. This traditional colonial atmosphere is simply one of a kind and the opportunity to own a highly successful business with a moderate down payment is very unusual.

Property information

Real Estate:

Real Property Included

Premises details:

The facility consists of 10,000 square feet on two floors with private entrances for each level. The first floor is a large restaurant with lounge and a separate banquet room. The restaurant has a huge commercial kitchen with a substantial production capacity. The ground floor consists of a 2,200 square feet as an attractive modern night club with a full sound & light system.

Business Operation

Expansion potential:

The business actually has an incredible opportunity to develop. The owner is absentee and retired, with an improved marketing plan; updating the food menu the two businesses can be substantially developed.

Competition / Market:

No other Night Club Restaurants with live entertainment are in this general area and the seller will supply a non compete agreement.

Reasons for selling:

The seller is retiring out of the area after many years of success.

Employees:

12

Years established:

1955

Other information

Support & training:

The seller will supply a full transitional period and remain thirty days post closing.

Owner financing:

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

Financing available:

Seller financing is available to qualified buyers.

Furniture / Fixtures value:

$270,000 (included in the asking price)

Inventory / Stock value:

$1,500 (included in the asking price)

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