City Club of Wilmington & St. Thomas Preservation Hall
Momentum Companies
Exclusive Historic Real Estate & Exclusive Business w/ Restaurant
A Great Investment and Business
The price if for an opportunity to own a unique business with real estate which includes two buildings. Option to buy just the business and lease the building can be discussed. There is area property within the two buildings site to expand and build. Architectural drawings exist and design is city approved. An investor/owner would have further opportunity for a return on the investment.
Great staff compensation plan in place resulting in a high retention of seasoned personnel. Staff willing to remain with the exception of the chef. An ideal opportunity for a chef-driven acquisition. Make it your own with all equipment in place.
Currently, the income sources of City Club are based on revenues generated by the City Club membership and dining revenues, events hosted at St. Thomas Preservation Hall, as well as leases on the small building located at 21 S 2nd St. and the 9 guest suites, which are leased to a management group with a set monthly rent payment. For more detailed financial information the interested party will be required to sign a Non-Disclosure Agreement and confirm proof of ability to fund the purchase.
A buyer interest must be financially able to fund the purchase by showing proof of funds within their personal financial statement, Owners willing to sell businesses and lease real estate to potential buyer. Owner will stay to train during a transition period.
All FF&E conveys with the sale.