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Bits of Business | Gamble Mill owners ready to sell

The Gamble Mill’s owners are inviting investors with a big appetite to make a greater purchase than a meal — the mill.

Co-owner Dave Fonash said he and his partner, Paul Kendeffy, want to turn more attention to future and current businesses, such as Zola’s New World Bistro.

“Against popular belief, we are not trying to sell Zola’s,” Fonash said. “We’ve had no shortage of interest in it. I’ve certainly talked to a lot of people about it, and as a business owner I’m always willing to talk, but we’ve not sold it, and we’re not trying to sell it.”

Fonash and Kendeffy do, however, want to sell the mill, which is listed at $1.3 million on Kissinger, Bigatel and Brower Realtors’ website, 1kbb.com.

“I think there are a number of reasons people should be interested in the mill,” Fonash said. “It’s such a unique property. You can’t find another structure that classic. The people that work there, too, I can’t overstate how great the staff and people are. We want someone to come in and work with them, because they’ll inherit great staff. Lastly, Bellefonte is about to go through solid economic development with the waterfront project. It’s great timing to get involved in business there.”

Fonash declined to comment how much they bought the mill for in 2008.

He said the listing is for a full package price, complete with the real estate, restaurant liquor license, brewery pub license, business assets and the brewery. He added via email he wants to market it as a turn key brewery pub with two different options.

“1. Just the business assets, the brewery and the R/GP licenses,” Fonash said. “Or 2. Just the business assets and the brewery but no R license. These two options make the most sense as a turn key option, and I feel will be most attractive to operators and buyers. They would lease the space back from us.”

The mill’s bottom two floors, about 5,900 square feet, are developed for the restaurant and brewery.

KBB leasing agent Derek Canova said the mill’s top two floors are not developed, leaving potential buyers an opportunity to further develop the building for business.

Renovate to celebrate

Phil Jury rented out his 6,000-square-foot Pleasant Gap building for years, but it occurred to him that he could use it for something else — a reception center.

The first event he held at the center was for his son Jeff’s wedding.

“That was fun to do,” Jury said. “It’ll be his someday.”

Renovations began to the building, which was originally built for Pleasant Gap’s fire company, at 119 E. College Ave., this summer. About 4,000 square feet of the remodeling project is complete, and the remaining 2,000 square feet will be done by spring.

He said the center can host about 200 people now and will be able to have 300 people when renovations are complete.

“We’ve got weddings scheduled for next year, and Penn State will have a few social events here, too, in the next few months,” Jury said.

For more information, go to nittanyvalleyeventcenter.com.

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