Rathskeller 2026 and beyond
Revenue Enhancing Initiatives
Incorporate PA Legal Skill Gaming Machines Into Floor Plan
Neighborhood changes with remodel of former Miller Brothers and continued redevelopment of area
Open bar every day at 11:00 for lunch
During summer season, open curbside grill under Sundowner
Make concerted effort to inform several businesses in area about value added services
Office Building at 24th and State,
Future Police/Fire/Saftey Building at Miller Bros.
Hallman Chevrolet,
Firestone,
Sherwin Williams
Red Roof Inn
Stores In Erie Center Mall
Stores In PLCB Plaza
Emergycare
Sarah Reed
LECOM at Lutheran Square
Office Building For St Vincent Health Center At 23rd And Sassafras
Develop delivery strategies
Develop Door Dash connections
Explore daily food specials
Modify kitchen - add chicken wings
Rely less on disposable utensils, plates and plastic glasses
Modify storage for extra tables and chairs in order to install stand up freezer near kitchen
Open the bar on Sundays – all year round – revisit NFL Ticket package from YouTube
Part 2 – Campus changes
Modify area behind Bar Building to Accommodate The Sundowner which would free up parking and reduce annual set up and take down
Prospective Buyouts
Option 1 - Buyer purchases a complete package of real estate … for an agreed upon amount which includes liquor license
2228 State Street - Empty Lot
2302 State - Presently Used As Consignment Store
2306 State - Rathskeller Cafe Building w/ Two (2) Second Floor Apartments
Buyer then has flexibility to do optional improvements such as expanding the tavern / restaurant into 2302.
This could result in a expanded kitchen, expanded bathroom area, additional table space, a second bar, addition of gaming machines
Purchasing the three properties could also allow for relocation of The Sundowner to behind the bar instead of in the 2310 State Parking Lot
Buyer has access to the second-floor apartments for a revenue stream
Buyer could use the 2228 area for patron parking
Option 2 - Buyer purchases the liquor license and bar equipment as listed for $175,000.00
Breakdown is $125,000.00 for liquor license and $50,000.00 for the mutually agreed list of equipment, supplies plus liquor and beer inventory. The $50,000.00 equipment may include the Sundowner
Buyer enters into lease agreements for the tavern building at $1,100.00 per month and another agreement to cover the extended premises in the 2310 parking lot (amount to be determined)
If the buyer doesn’t buy the Sundowner Frame, A team would be available to set up and take down the Sundowner at an annual fee (amount to be determined) and store in the WAREHOUSE
Option 3 - Seller agrees to a hybrid agreement. Call it the 5 - year plan.
In this scenario, the buyer purchases the liquor license for an agreed amount and executes a prommisory note to pay off the liquor license under a 5-year payback plan at a reasonable interest rate. A legal document would be written up that gives seller the right to buy back the liquor license at the amount that it was sold for
Seller to keep Interest Revenue from Promissory Note
Annual agreed upon interest rate
Buyer would operate the tavern for 5 years and pay rent to Carn Holdings for all miscellaneous equipment etc.
Costs To Be Used In Rent Calculation (About $800,00 Per Month)
Building Insurance
Repairs
Supplies
Real Estate Taxes
Water Bill
Cable / Internet / Phone Bill
Equipment
Sundowner
Sundowner Labor
Use of campus parking areas during operating hours (wear and tear)
Buyer can elect to sell back liquor license after 5 years or renew the agreement
