Glenn Judy

York, PA (USA)
Role(s):
Founder/Owner/Principal

Nymph Night Club & Resort

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Location: York
Industry: Hospitality
Year Founded: 2008
Number Employees: 50-100 people
Description: We have located a 250+ room facility in Central PA to become the only lifestyle vacation resort/hotel and Night Club in the continental United States. ROI of 22%. This location offers an alternative to flying to Mexico or Jamaica or similar vacation spots, which are thriving and growing every year. The demographics of the client mix is typically marrried couples from 25 to 55. An alternative to the clubs outside of the US which could allow for 3 and 4 day quick get aways at 65 to 75% of the price to the alternative. We have located a grand location which could easily be modified to meet the modern requirements of todays lifestyle members looking for an exciting and trouble free getaway without the hasles of customs and foreign travel. Located near many other vacation destinations and less then 3 hours from New York, 2 hours from Philadelphia, Washington and 1 1/2 hours from Baltimore. Local to several smaller cities in central PA as well. The business plan shows a potential for approx. $5 million a year in profit, conservative estimates. This is a fast growing segment of society and we believe this location is just the beginning of a National franchise that could easily be duplicated in several cities once it is fully operational. Similar resorts in Mexico are currently booked 6 months out. Also they have weather related exposure such as hurricanes that make booking your vacation very risky over most of the Summer and early Fall months. Executive Summary available upon request. We are requesting $10.3 million dollars to purchase the facility for $7.7 mil. and use the remaining monies for renovations and operating capital. The property appraised for $10.3 million in Oct. 08. We can work with $3.5 mil and then have the owner provide a mortgage on the property. However, the purchasing of the property will allow the investors to use the equity in the property to secure the start up and operating capital investment.