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Asking Price:	$2,475,000 USD USA Dollars
Business for Sale Industry:	Recreation: Entertainment
Year Established:	1970
# of Employees:	25
Yearly Net Profit:	$500,000

Business for Sale Overview:

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 Features and Assets:

The business consists of four distinct entertainment spaces, the rock concert hall, a bar/karaoke/gig room, and two dance clubs; the first, (popular with college-age partygoers), and the second, suited for an older, upscale crowd. The different venues were created by the owners in recent years to accommodate four different simultaneous functions. The spaces are equipped with bars on each level and DJ/soundboard equipment where applicable. The entire building complex consists of approximately 24,000 square feet of usable space. The space provides premium sound and light equipment and DJ booths in each of the various rooms. The facility features a state-of-the–art security system with numerous cameras located throughout the facility. The club frequently has seen up to 1,500 guests come through its doors on a given night. The bar areas, (well equipped to support all of its patrons), feature fine appointments and large serving areas. The club draws a tremendous business from several local colleges and universities, local patrons, and visitors from out of state. Ample parking is located just outside the facility. The real estate is included in this opportunity.

Market Competition and Expansion:

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.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.