Rock Concert Hall And Nightclub For Sale

Business description

Our client is the owner of a nightclub and concert venue located in the Hudson Valley, New York. Owned since 1994, the nightclub and concert venue is fully equipped and furnished for any rock concert or dance party one would desire. The space contains an older theater (built in 1908) used primarily for live rock concerts. David Bowie, Bon Jovi, Sting, Ozzy Osbourne have all held shows here. In the world of rock venues, it maintains a long history-having been established as a rock concert hall as far back as 1970. Not only is the business conveniently located for concerts, its owners have benefited from the region’s lack of other concert facilities and dance clubs. Situated midway between Manhattan and Albany, NY, the location is the only place of its kind in the region, offering a huge variety of rock concerts from well known bands and local bands, dance club, karaoke and private party entertainment offerings. The venue maintains legendary status, is nationally recognized, and will continue to successfully thrive in the Hudson Valley for decades to come.

Property information

Real Estate:

Lease

Other information

Expansion potential:

The current owners promote to outside facilities including other theaters, and convention centers. A new owner could expand on this, and would add more revenue to the present income generated by these efforts. Another way to add more sales would be to offer food at the location. At present there is a small kitchen which services one of the rooms. Expansion of the kitchen facility and food offerings/menu would tremendously increase owner’s cash flow for a new owner of the business.

Competition / Market:

Everyone in the business of rock concert promotion will acknowledge the legacy that this complex retains. No one opening a similar type business will have the established history and clientele mix that this complex has. It would be difficult to profitably compete with this business. To begin a similar business would take much more money, and would have low survival odds due to the strong reputation this business maintains in the local entertainment community.

Support & training:

Each of the active owners reside locally, and would be available to continue in a management capacity for an indefinite timeframe should a new owner desire this. The present employees are available to remain on with the business with the transfer of ownership as well.