School District: Prince George's County Public Schools
Address: 2430 CHILLUM RD
County: Prince Georges
Mustangs, a bar, food and adult entertainment business established in 1980, is now available for sale due to owner retirement. What makes this opportunity unique is it’s one of only two adult entertainment businesses—with a liquor license—allowed in the county.
The business is being sold with the real estate, which has significant underlying land value due to its proximity to the West Hyattsville Metro. The business has consistently generated strong net income for current long-time owners. Mustangs closed during the height of the pandemic for 15 months but recently re-opened and is now getting back to pre-pandemic income levels.
Mustangs is run by a manager and a small staff, with only minor oversight required by ownership. Security cameras are in place to monitor operations. Current ownership willing to consult with new owner for one month after closing to ensure smooth transition.
This is truly a value-add opportunity as a new owner can continue to run business knowing land value will grow over time, providing a future exit strategy, if desired.
Call listing agent for offering memorandum.
Courtesy of: Capital Realty Advisors Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 26th September, 2021 2:24 AM