HS Listing ID-72232
Business Type: Bar/Nightclub (Entertainment Venue).
• Location: Indiana County, Pennsylvania college market.
• State of Formation: Pennsylvania.
• Established: May 1994. (owner-founded)
• Years in Operation: Approximately 31–33 years (seller states 33).
• Ownership: 100% privately owned by owner and spouse. No silent partners or outside investors.
2. Seller’s Reason for Sale
• Retirement and desire to spend more time with family and grandchildren.
3. Business Model & Revenue Streams
• Primary revenue from bar and liquor sales.
• Food — minimal; enough to make sure they are in compliance
• Residential rental income from apartments above the venue.
• Past operations included weddings, events, and a restaurant, offering future growth opportunities. (not currently active).
4. Financial Snapshot
• Peak seasonal revenue of approximately $100,000 per month during the fall season.
• Owner does not take a salary and lives off apartment rental income.
• Available Documents: Last three years of tax returns, YTD P&L, YTD balance sheets, bank statements.
• Pending: 2025 tax return and 2026 YTD financials.
• Add-backs (owner benefit / non-transferring expenses):
Truck and car run through the business (vehicle loans approximately $900/mo each = approximately $1,800/mo total).
Cell phones
Medical insurance
Life insurance
Convention travel: approximately $2,000/year (Nikon Bar convention — they teach there; skipped this year).
One-time camera replacement expense: approximately $10,000–$15,000. (power surge/storm fried the cameras).
5. Debts & Liabilities
• Building mortgage balance: approximately $250,000 remaining. Was paid off pre-COVID, then remortgaged during COVID.
• Vehicle loans: approximately $1,800/month. total (2 vehicles).
• Merchant cash advance: $15,000 taken to bridge summer; approximately $15,000 remaining; expected payoff by end of September.
• No SBA, PPP, EIDL, equipment leases, business LOCs, vendor balances, or personal guarantees.
• Sales tax: fully paid, nothing owed.
6. Legal & Compliance
• No judgments or liens against the business.
• No personal guarantees, no pending or recent past lawsuits, no demand letters.
• All licenses are current.
• Extended food license on file, can serve food unused but active. Potential asset/upside.
7. Operations
• Owner: Active owner
• Owner works approximately 15 hours per week, 3 nights (Wednesday, Friday, Saturday from 9:00 PM–2:00 AM).
• Business operates Wednesday, Friday, and Saturday, 9:00 PM–2:00 AM. (2am hard stop on liquor; not open 7 days/week).
• No current manager; established systems allow future management.
• Seller willing to provide transition assistance and consulting. Willing to stay on for an agreed amount of time negotiable, plus a consulting arrangement after.
• Seller is open to seller financing, with preference for cash up front.
8. Staffing
• Approximately 3 employees during summer and up to 15 during peak season.
• Peak-night crew ($100K months): 2 at door (1 carding, 1 cover), 5 security (5 floor zones — pool table, VIP zone 1, zone 2, zone 3), 1 bar back, 6–8 bartenders (3 bars in building).
• Bartenders: W-2 payroll, reported (approximately 9 people on payroll filings).
• Set weekly schedules for staff.
• In-house DJ is one of the 3 core year-round staff (trained in-house, uses the owned music library).
9. Key Assets (OWNED)
• Owns all equipment — zero leased
• Full production rig: soundboard, complete sound system, lights, smoke machine, and other nightclub production equipment supporting daily operations.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
