A very interesting business opportunity is becoming available with the Ceoltas Irish Pub in Harrisburg, Pennsylvania. www.ceoltasirishpub.com. Purpose-built in 2005 by world-renowned Irish pub designers and builders Bar None, this turnkey authentic Irish pub is in a beautiful 3 story busy city centre building with a 12,000 square bar over 3 floors with a full basement which is used for storage, cold rooms, draft beer equipment.
It is situated in the heart of the city only 3 blocks from the State Capital Building which houses all the State Representative Offices, staff, Attorney and associated professionals and 4 Blocks from a busy Shopping center. It has a full, clean 7 day Restaurant/Liquor licence. Ground floor bar is 3,000 square foot, holds 250-300 customers has a fully equipped 1,500 square foot purpose-built professional kitchen and a 4,000 square foot private banquet room seating 150 guests with full bar, toilets and a stage with high quality surround sound audio on the second floor. The high-spec private banquet room comfortably caters for 150 people and is ideally equipped to cater for weddings, parties, launches, rehearsals, presentations etc. The 3rd floor is a fantastic rooftop bar approx 3,000 square foot seating 150. It is equipped with full bar, toilets, TVs and surround sound audio. This rooftop bar is the only one in the neighbourhood and is extremely popular with the mix of young professionals and late night socializing patrons. It’s so popular when the weather is good that they often have to turn patrons away. There is also a full basement which is used for storage, cold rooms, draft beer equipment.
The pub’s main focus is as a wet pub. The food side of the business hasn’t been developed much despite the impressive kitchen. Currently it only has a turnover of around $170,000 which is just scratching the surface of its true potential. There is genuinely huge room for growth with this already profitable business. Due to other business commitments (including the Siamsa Irish Pub www.siamsairishpub.com) the owner hasn’t been able to spend as much time fully developing and marketing this business as he would like, especially on the food side. The business is fully furnished and equipped and needs nothing except experienced and dedicated operators to develop the full potential and reap the benefits of this exciting opportunity.
The asking price is $600,000 for the business for a 25 year lease with a monthly rent of $7,500. There is finance available for qualifying persons with the new business owner having a net outlay of only $170,000 (€123,000) Recently audited accounts show a turnover of $1.2 Million but there is significant room to increase that turnover and the bottom line. The current pub owner owns the building and can either retain the premises or will sell the business and real estate for offers around $1.5Million.
More details, full disclosure, accounts etc are available for seriously interested parties.
Click here for more details or contact Kevin McParland on +353 1 2947751.