Club 23 owner still searching for buyer
John Tierney | Monday, January 28, 2008
Off-campus tavern Club 23, which has been listed for nearly two months on popular classifieds Web site Craigslist, has not yet been sold.
Mahmoud Hussein said his establishment, the site of a shooting that seriously injured two Notre Dame students in August, remains for sale on the Web site.
A search of craigslist.com Sunday night revealed that Hussein’s initial advertisement, posted in December, has been replaced by an ad dated Jan. 22. The new advertisement is housed under the office and commercial listings on the South Bend and Michiana page of Craigslist.
The asking price for the bar, located on 744 N. Notre Dame Ave., is $695,000 and will get the buyer the tavern’s 2,500 square feet of space, the building itself, the 57-car parking lot, the furniture inside and the establishment’s liquor license.
Hussein said that he is in negotiations with “a few potential buyers.”
Hussein said several parties have expressed interest in buying the bar. He said that four groups are competing in final negotiations to acquire Club 23.
He blamed the holiday season for delaying the sale and causing the buyers to be unable to “get the money together.”
“I’m not in a hurry” to sell the club, Hussein said. He said business has been “very good” and has not been affected by talks of the sale.
“I’m not going anywhere yet,” Hussein said.
Although it is not currently a term of sale, the potential buyers say they plan to keep Club 23 as bar, Hussein said.
Hussein admits that the winning bidder will have to put additional investments into Club 23 even after they finalize the sale.
“They’ll have to put money into remodeling and give it a better look,” he said.