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Greene County, PA Businesses For Sale

2 Greene County, PA Businesses For Sale Found.

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Price Reduced: Jimmie’s Place: Landmark Tavern w/ Residence
$499,000 Cash Flow: $75,000 Seller Financing
Price Reduced: Jimmie’s Place: Landmark Tavern w/ Residence

Dilliner, PA

NEWS FLASH: 3-16-16: The PA Tavern Association has approval to authorize casino type gambling machines in approved state taverns. Onsite machines will increase profits by $25K per year based on previous gambling history at the business. Owner is remodeling kitchen with a $20,000 of new equipment. Project to be completed by July 15th. Also, during July, Jimmie's Place will be featured on ESPN and ABC Sports as the best tavern in Southwestern PA! Jimmie's Tavern: This tavern and meeting place has an 82 year history and it is a southwestern PA landmark. Purchase a tavern with a colorful history and a loyal customer base..The owner is retiring after 45 years in the business that was founded by his father. The first floor Tavern area is 1800 square feet with an additional 4800 square feet available for expansion utilizing the private party area that was once dance hall now used for private parties and banquet service. The second floor is the owner’s home; a 6 bedroom apartment, with 3,700 of livable apartment space and another 2,900 of unfinished space. It is the opinion of the business appraiser that Jimmie’s Place could easily be worth 50% more if the hours of operation were to be expanded to the former 2 am closing from the current 12 midnight, extend hours on Sunday to midnight from current closing at 9 pm, convert all or some of the currently unused 4800 square feet space on the first floor to its former entertainment area for live bands, karaoke, and other such revenue generating purposes. The business uses a cost effective, draft and drink monitoring Berg pour system combined with the recently purchased computerized Future Fusion system. A popular bar menu is serviced from the immaculate kitchen. Included in the price is a PA lottery license, vending machines, current inventory, extra furniture and booths and many more extras. The building site is located on 8 lots, a large asphalt parking lot, a 6600 square foot concrete basement accessed by a 10 x 12 foot, insulated, automated door. The building is heated with a 700,000 BTU Burnham Gas Boiler that efficiently heats the entire building for less than $5000 per year. This is the deal of the century for anyone who want to be in the hospitality tavern business with an upscale residence as a bonus!

Marcellus Shale Gas Well Shares
$150,000
Marcellus Shale Gas Well Shares

Dilliner, PA

The Managing Partner (MP) of this LLC invested $650000 in 2011. Vantage Energy is now the owner and producer all of the operations owned by the MP. The MP has received substantial depreciation against income which offset personal income for the last 4 years. There are losses to carry forward for the purchaser and the opportunity for substantial growth and profit when natural gas prices increase. Vantage Energy: had it filed its anticipated $400 million IPO, bizjournal.com’s Paul J. Gough, in a September 2014 article, their suggested market cap has a potential to reach 1.95 billion. Rice Energy, Vantage Energy’s nearest competitor in size and geographic location, has a market cap of 2.56 billion as of 8/31/15 and a share price of $19.45. Per the same article, Vantage is 312 on the 2014 Pittsburgh Business Times Book of Lists of the biggest natural gas companies operation in southwestern PA. A little less than half of its net acreage is in the Marcellus Shale and in Greene County, 51,771 net acres compared to 38,347 net acres in the Barnett Shale in Texas. The firm has 49 horizontal wells in the Marcellus Shale with 18 in production through the end of 2014. Production has grown from 1.9 million cubic feet per day in 2011 to 30.3 million cubic feet per day in March of 2014. Further, they have identified 1,074 drilling locations, 423 in the Marcellus Shale and 312 in the Upper Devonian, with the rest in the Barnett Shale. This company is still very much in the “Growth Mode” and despite exploring the possibility of being acquired, they still have many favorable geographical location which should be very attractive to a larger competitor. It is the untapped potential which investors will be buying and anticipating growth as this management team is strong and looking to become stronger by partnering up with a bigger player.