Hotel and lounge Chester County Pennsylvania. Located near the heart of one of the major...  Read More

Hotel and lounge Chester County Pennsylvania. Located near the heart of one of the major towns in Chester County, close to a major thoroughfare. Building is 12,000 square feet on one acre of land. The bulk of the construction on the property was completed in 1973. The hotel section of the property includes four apartments and ten hotel/rooms and occupies 8700 sq. ft. The lounge occupies 1500 sq. ft. and there is a store at the front of the property of 2000 sq. ft. Chester County had a population of 498,000 as of the 2010 census, a 15.1% increase from the 2000 census. Several major gentrification projects are underway in the area, including a 275 unit apartment complex. There are major employees nearby. Current median HH income within 10 minute drive of the facility is $80,709 versis $52,076 for all US HH’s in the area. Unemployment in the area is below national averages. Revenue is $800,000. The lounge generates the bulk of the revenue. Cash Flow was $182,000 in 2014. Total Asking Price, inclusive of the business, furniture and fixtures and the liquor license, as well as the real estate, is $1 Million.  Read Less